Professional Office Building Near
1301 E Ash Street Piqua, OH 45356
1301 E Ash Street, Piqua, OH, 45356
$750,000
For Sale
$750,000
COMMERCIAL - Piqua, OH
Property Size6,000 SF
Lot Size1.06 Acres
Price / SF$125
Days on Market601
Property Features for 1301 E Ash Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- 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
(937) 498-4725
302 W Russell Rd., Sidney, OH
Listed by
Caven Risk
(937) 498-4725
Added: Nov 27, 2024 Updated: May 14 at 2:44 pm Checked: Jul 21 at 12:06 am
MLS# 1035827
Copyright © 2026 West Metro Board of REALTORS®. 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.
This professional office building is conveniently located directly across from Wal-Mart, with easy access from I-75 via State Route 36. The property, situated on 1.06 acres, offers three separate office suites within its 6,000 square feet. One office space is available, featuring a shared entry, private waiting room, and break room. It also includes five office/exam rooms, two shared restrooms, and a large storage room. One 1,500-square-foot area is currently available for lease, making it ideal for medical, professional, or administrative use. The price has been adjusted to reflect the seller's plans to complete a 1031 exchange on another property. The sale of this property is contingent upon the seller successfully identifying and acquiring a replacement property as part of that exchange.
Key Highlights
- Prime location directly across from Wal‑Mart with easy access to I‑75.
- Features three separate office suites.
- One office space available with shared entry, private waiting room, and break room.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.2k | $20.04 |
| − Vacancy | −$30.1k | −$5.01 |
| EGI | $90.2k | $15.03 |
| − OpEx | −$22.5k | −$3.76 |
| NOI | $67.6k | $11.27 |
6,000 SF · lease $20.04/SF/yr · vacancy 25.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
W A Shively Realty
Real Estate Agency
Advanced Colon Treatment
Medical Clinic
Advanced Colon Treatment: ...
Physician
Edward Jones - Financial ...
Financial Advisor
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FAQs
What type of property is this?
Medical Office Space - Professional office building with suites, ideal for medical or administrative use.
Where is this medical office space 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: Prime location directly across from Wal‑Mart with easy access to I‑75.; Features three separate office suites.; One office space available with shared entry, private waiting room, and break room.
