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    Property profile & analytics

    4241 Merle Hay Rd Des Moines, IA 50310

    • Retail properties
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 4241 Merle Hay Rd

    Year built
    2024
    Lot size
    0.72 lot acres
    Property type
    Retail properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6967
    Latitude
    41.6368

    Comparable in this City

    • Value Estimation
      $385,000
      4,125 SF

      2230 Hickman Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,125 SF
      2230 Hickman Rd, Des Moines, IA 50310-6123
      View Details
    • Value Estimation
      $500,000
      5,888 SF

      4416 Merle Hay Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,888 SF
      4416 Merle Hay Rd, Des Moines, IA 50310-1412
      View Details
    • Value Estimation by Request
      269,705 SF

      4365 Merle Hay Rd

      Lifestyle centers • 269,705 SF
      4365 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • Value Estimation
      $375,000
      1,324 SF

      4540 Lowr Beaver Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,324 SF
      4540 Lowr Beaver Rd, Des Moines, IA 50310-4919
      View Details
    • Value Estimation
      $315,000
      1,208 SF

      3200 Martin Luther King Jr Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,208 SF
      3200 Martin Luther King Jr Pkwy, Des Moines, IA 50310-5607
      View Details
    • Value Estimation by Request
      7,380 SF

      4300 Merle Hay Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,380 SF
      4300 Merle Hay Rd, Des Moines, IA 50310-1358
      View Details

    Similar Nearby for Sale

    • $1,175,000
      5.90 Acres

      Des Moines Development Land

      6-Acre Mixed-Use Development Site
      2701 Douglas Ave, Des Moines, IA 50310
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    • $975,000
      12,220 SF

      Retail Space in Harding Hills

      Junior anchor space available for sale or lease.
      3430 Martin Luther King Jr Pkwy, Des Moines, IA 50310
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    • $230,000
      2,437 SF

      Versatile Office/Retail Building in Des Moines

      2,437 SF building in Beaverdale neighborhood, ready for buildout.
      4418 Douglas Ave, Des Moines, IA 50310
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    • $750,000
      5,514 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with showroom, warehouse, and office space.
      4931 Douglas Ave, Des Moines, IA 50310
      View Details
    • $1,600,000
      67,325 SF

      Merle Hay Tower: Redevelopment Opportunity

      Des Moines, IA: Adaptive Reuse Project
      3850 Merle Hay Rd, Des Moines, IA 50310
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    • $389,000
      2,152 SF

      Des Moines Office Building For Sale

      Two-story office building near Des Moines VA Medical Center.
      3811 38Th St, Des Moines, IA 50310
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    Similar Nearby for Lease

    • Contact for pricing
      223,876 SF

      Des Moines Retail Space Available

      Prime Retail Space, Multiple Units Available
      4094 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • $24 SF/Yr
      4,092 SF

      Freestanding Retail Space on Corner

      Retail property with high visibility and existing restaurant infrastructure.
      4212 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • $9 SF/Yr
      25,187 SF

      Franklin Plaza Shops: Office Suites

      Prime Polk County office space available.
      4944 Franklin Ave, Des Moines, IA 50310
      View Details
    • Contact for pricing
      56,700 SF

      Des Moines Retail Space - Merle Hay Rd

      High-profile retail space, Des Moines, IA.
      4343 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • Contact for pricing
      269,705 SF

      Haymarket Square: Retail Opportunity

      Prime Shopping Center, 5 Spaces Available
      4365 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • $10 SF/Yr
      22,220 SF

      Automotive Property with Outdoor Storage

      Turnkey automotive property with paint booth and outdoor storage.
      4410 Merle Hay Rd, Des Moines, IA 50310
      View Details
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    4241 Merle Hay Rd
    Des Moines, IA 50310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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