Brick Office Building with Three
For Sale
$750,000
1301 E Ash Street, Piqua, OH 45356
Commercial Sale, Piqua, OH
Property Size6,000 SF
Lot Size1.06 Acres
Price / SF$125
Days on Market651
Property Features for 1301 E Ash Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Parking
15
Subdivision
Piqua Corp.
Directions
From I-75 go to US 36-E to 1301 Ash, directly across from Wal-Mart
Standard status
Active
APN
N44076573
Size
6,000 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1990
Building materials
Brick
Listing Agency:
Brokers Real Estate
Listed By:
Caven Risk · License #700304031
(937) 498-4725
Added: Nov 27, 2024
Changed: Aug 19
Last Checked: Sep 9 at 2:06PM
MLS# 1035827
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1990, this 6,000-square-foot brick office building occupies 1.06 acres and is configured with three separate office suites. The available 1,500-square-foot area includes a shared entrance, private waiting room, break room, five office/exam rooms, two shared restrooms, and a large storage room. Central air, natural gas heating, and public sewer serve the property.
The building is directly across from Wal-Mart and can be reached from I-75 through State Route 36. Its existing room layout supports medical, professional, and administrative office uses, with a combination of private rooms and shared facilities.
The building is directly across from Wal-Mart and can be reached from I-75 through State Route 36. Its existing room layout supports medical, professional, and administrative office uses, with a combination of private rooms and shared facilities.
Key Highlights
- 6,000‑square‑foot brick office building on 1.06 acres
- Three separate office suites
- 1,500‑square‑foot area currently available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,700
$1.4M
Cap Rate 7%
$966,214
$966.2K
Cap Rate 9%
$751,500
$751.5K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$120.2K $20.04/SF
− Vacancy
−$30.1K −$5.01/SF
EGI
$90.2K $15.03/SF
− OpEx
−$22.5K −$3.76/SF
NOI
$67.6K $11.27/SF
Area
Miami County, OH
Vacancy
25.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,700
Cap Rate 7%
$966,214
Cap Rate 9%
$751,500
Alternative Uses
Best Use
Healthcare Medical
$1.01M
$884.4K – $1.18M
NOI $70,755 @ 7.0% cap · market cap 9.43%
Second Best
Office B
$966.2K
$845.4K – $1.13M
NOI $67,635 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,599 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 45356, OH
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
333
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property offering medical, administrative, or general office use with private waiting and shared support areas.
Where is this office building located?
The property is located at 1301 E Ash Street Piqua, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6,000‑square‑foot brick office building on 1.06 acres; Three separate office suites; 1,500‑square‑foot area currently available
