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    Property profile & analytics

    4020 Merle Hay Rd Des Moines, IA 50310-1310

    • Medical offices
    • 12,987 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimation
    $5,875,000
    Last Sale
    Mar 28, 2022
    $6,332,000
    Location Intelligence
    Property ID
    US25-0110357
    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

    • Marc Molis / Sports Medicine Physician / Family Practice Physician
    • UnityPoint Clinic Urgent Care - Merle Hay / Medical Group
    • Stacia Dierks, PTA / Physical Therapist
    • Aaron Bewyer, DPT,MPT / Physical Therapist
    • John Urban, MPT / Physical Therapist

    Property Details for 4020 Merle Hay Rd

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    1.40 lot acres
    Property size
    12,987 SF
    Zone code
    C-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    100/09472-007-002
    APU
    10009472007002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,430,000
      6.5%
      $6,695,000
      7%
      $5,940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,695,000
      Geo Method
      $6,610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,620,000
      Retail
      $5,545,000
      Mixed-Use
      $7,245,000
      Hospitality
      $5,780,000
      Educational
      $6,570,000
      Residential Income
      $6,065,000
      Energy
      $5,945,000
      Income-Based Land
      $5,625,000
      Food Service
      $6,630,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6987
    Latitude
    41.6344
    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
    $116,146
    $1,160,000
    $2,230,000
    $3,390,000
    -
    $1,160,000
    $2,230,000
    $3,390,000

    Comparable in this City

    • Value Estimation
      $385,000
      3,402 SF

      4520 Merle Hay Rd

      MEDICAL BUILDING • 3,402 SF
      4520 Merle Hay Rd, Des Moines, IA 50310-1414
      View Details
    • Value Estimation by Request
      18,185 SF

      Des Moines, IA 50310

      MEDICAL BUILDING • 18,185 SF
      Des Moines, IA 50310
      View Details
    • Value Estimation
      $695,000
      22,489 SF

      1750 48th St

      MEDICAL BUILDING • 22,489 SF
      1750 48th St, Des Moines, IA 50310-1988
      View Details
    • Value Estimation
      $265,000
      3,366 SF

      2901 Beaver Ave

      MEDICAL BUILDING • 3,366 SF
      2901 Beaver Ave, Des Moines, IA 50310-4041
      View Details
    • Value Estimation by Request
      6,232 SF

      5706 Hickman Rd

      MEDICAL BUILDING • 6,232 SF
      5706 Hickman Rd, Des Moines, IA 50310-1121
      View Details
    • Value Estimation
      $385,000
      8,460 SF

      4919 Douglas Ave

      MEDICAL BUILDING • 8,460 SF
      4919 Douglas Ave, Des Moines, IA 50310-2775
      View Details

    Similar Nearby for Sale

    • $1,600,000
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      Merle Hay Tower: Redevelopment Opportunity

      Des Moines, IA: Adaptive Reuse Project
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      View Details
    • $389,000
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      Des Moines Office Building For Sale

      Two-story office building near Des Moines VA Medical Center.
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      Des Moines Office Building For Sale

      Office building with ample parking and convenient location for sale.
      5601 Douglas Ave, Des Moines, IA 50310
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    • $1,600,000
      67,325 SF

      Merle Hay Mall Redevelopment Opportunity

      Six-story high rise and former theater for redevelopment.
      3850 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • $299,000
      3,000 SF

      Mixed-Use Building with Income Potential

      Well-maintained mixed-use building with apartments and office units.
      3810 38Th St, 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.
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      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,260 SF

      Des Moines Office Space for Lease

      Executive/Medical Office, 7,260 SF Total
      4919 Douglas Ave, 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
    • $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
    • 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
    • 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 50310-1310
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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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