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    Property profile & analytics

    2911 Merle Hay Rd Des Moines, IA 50310-1100

    • Investment properties
    • 7,904 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Last Sale
    Dec 19, 2022
    $560,000
    Location Intelligence
    Property ID
    US25-0407917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Central Iowa Family Services / Social Services Organization
    • Central Iowa Juvenile Detention Center / Prison

    Property Details for 2911 Merle Hay Rd

    Year built
    1971
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    7,904 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    100/03081-001-000
    APU
    10003081001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $420,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $385,000
      Mixed-Use
      $420,000
      Hospitality
      $410,000
      Educational
      $410,000
      Residential Income
      $430,000
      Energy
      $485,000
      Income-Based Land
      $405,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6973
    Latitude
    41.6216
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $18,632
    $21,150
    $76,850
    $98,000
    -
    $21,150
    $76,850
    $98,000

    Comparable in this City

    • Value Estimation by Request
      4,056 SF

      4539 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,056 SF
      4539 Douglas Ave, Des Moines, IA 50310-2711
      View Details
    • Value Estimation
      $300,000
      6,200 SF

      3115 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,200 SF
      3115 Douglas Ave, Des Moines, IA 50310-5307
      View Details
    • Value Estimation
      $285,000
      4,208 SF

      2912 Beaver Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,208 SF
      2912 Beaver Ave, Des Moines, IA 50310-4040
      View Details
    • Value Estimation
      $320,000
      4,002 SF

      3207 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,002 SF
      3207 Douglas Ave, Des Moines, IA 50310-5311
      View Details
    • Value Estimation
      $295,000
      3,000 SF

      2907 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      2907 Douglas Ave, Des Moines, IA 50310-5845
      View Details
    • Value Estimation
      $260,000
      7,200 SF

      4921 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,200 SF
      4921 Douglas Ave, Des Moines, IA 50310-2749
      View Details

    Similar Nearby for Sale

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      3,000 SF

      Mixed-Use Building with Income Potential

      Well-maintained mixed-use building with apartments and office units.
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      Des Moines Office Building For Sale

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      Beaverdale Land with Parking

      1.44 acre commercial land in Beaverdale with 39 parking stalls.
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      1.05 Acres

      Des Moines Mixed-Use Land Opportunity

      Prime Des Moines location, high traffic, redevelopment potential.
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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
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    • $9 SF/Yr
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      Prime Polk County office space available.
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      Des Moines Office Space for Lease

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    • $24 SF/Yr
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      Freestanding Retail Space on Corner

      Retail property with high visibility and existing restaurant infrastructure.
      4212 Merle Hay Rd, 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
    • $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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    Des Moines, IA 50310-1100
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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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