Financial
Distress signals
Property profile

3935 Merle Hay Rd Des Moines, IA 50310

OFF-MARKET
Auto shops
Property ID
US25-0033085
6,470 SF 0.9 ac lot Built 1965
Last sale Dec 2004 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an auto shop located at 3935 Merle Hay Rd in Des Moines, Iowa, and is part of a four-property Car-X/Fast Tire portfolio within the Des Moines MSA. The configuration includes multiple retail/auto service sites within the portfolio; three locations are operated under Car-X/Fast Tire, while the fourth location is combined with a Papa John’s use under a long-term lease structure. The portfolio’s leases were established following Monro, Inc.’s acquisition of the prior business in December 2021 and include scheduled rental increases at five-year intervals.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$22k
Tax billed · 2020
Assessed value · 2023$755k
Assessed land$496k
Assessed improvement$259k
Effective rate2.97%

Value estimate

· Sep 2026
$395k
$356k – $435k
Sales comparison$886k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
Submarket average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$53 – $305

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.2
Law Firm26.0
HVAC Service14.4

Location

3935 Merle Hay Rd Des Moines, IA 50310-1309
County assessor Recorded deeds · 2 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3935 Merle Hay Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message