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    Property profile & analytics

    4685 Merle Hay Rd Des Moines, IA 50322-1982

    • Investment properties
    • 26,656 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Location Intelligence
    Property ID
    US25-0231529
    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

    • Sporting Iowa / Soccer Club
    • Johnston Urbandale Soccer Club (JUSC) / Soccer Club / Sports Club
    • Recover Health / Home Health Care Service
    • Mike Phillips - State Farm Insurance Agent / Life Insurance Agency / Renter'S Insurance Agency
    • Patrick H Payton & Associates P.C. / Divorce Lawyer / Divorce Service

    Property Details for 4685 Merle Hay Rd

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    1.98 lot acres
    Property size
    26,656 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    100/10514-007-002
    APU
    10010514007002

    Description

    This 1,394-square-foot traditional office space in Des Moines, Iowa, is ideally situated just south of I-80/35 on the east side of Merle Hay Road, ensuring high visibility and significant vehicle traffic. Built in 1980, the space is perfect for a business seeking a convenient and well-appointed location. The layout includes three private offices, a comfortable breakroom/kitchenette, a spacious conference room boasting large windows for ample natural light, a dedicated file/storage room, and a welcoming waiting/reception area. The property offers the added convenience of shared restrooms located directly across from the suite. This is a full-service gross lease at $13.00 per square foot, encompassing all property taxes, utilities, and common area maintenance fees, minimizing overhead costs for the tenant. Located in Polk County, Iowa, with the address 4685 Merle Hay Rd, Des Moines, IA 50322, this property presents a compelling opportunity for businesses seeking a strategic location with minimal operational burdens. The multiple tenancy structure ensures a vibrant and active environment.

    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
    -93.6964
    Latitude
    41.6457
    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
    $46,054
    $996,000
    $414,000
    $1,410,000
    -
    $996,000
    $414,000
    $1,410,000

    Comparable in this City

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      8515 Douglas Ave Ste, Unit 21

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    • Value Estimation by Request
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      10530 New York Ave

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    Des Moines, IA 50322-1982
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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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