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Property profile & analytics
OFF-MARKET
Community centers

4100 Merle Hay Rd Des Moines, IA 50322

205,615 SF Built 1979
Property ID
Property summary
AI-generated overview

This exceptional Des Moines retail opportunity presents 205,615 square feet of leasable space within the Haymarket Mall, a single-story, Class B community center. Built in 1979 and renovated in 1994, the property sits on a 16.02-acre lot at 4100 Merle Hay Rd, Des Moines, IA 50322, conveniently located in Polk County's Western Suburbs. Currently, 25,962 square feet is available for lease. The center boasts 686 parking spaces and enjoys a highly visible location between the Merle Hay Mall and the I-80/35 interchange, a major thoroughfare with over 100,000 vehicles daily. This strategic position ensures high traffic and accessibility for businesses. The property is zoned Commercial and is situated in a densely populated area, boasting nearly 90,000 residents within a three-mile radius, including a significant concentration of high-income households. This makes it an ideal location for retailers seeking a large footprint in a thriving, affluent community. The cross street is Aurora Avenue.

Property profile
Verified
Property type Community centers
Year built 1979
Total area 205,615 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
  • Haymarket Mall Shopping Center & Mall
  • QuickBooks Support Service Number Accounting Firm
  • BodyTech - Integrated Manual Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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