Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1498 W Main St Tipp City, OH 45371

    View on Map
    Sponsored
    For Sale
    $1,299,900

    COMMERCIAL - Tipp City, OH

    Property size:
    2,464 SF
    Lot size:
    1.46 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 22 at 11:06 am

    Property Features for 1498 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    G12028700
    Parking
    11
    Fireplace
    1
    Basement
    Walk-Out Access, Unfinished, Block
    Size
    2,464 SF
    Lot size
    1.46 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1941
    Flooring type
    Wood
    Building materials
    Stucco

    We can help!

    Listing Contact
    Dana Ward
    Dana Ward

    Dana Ward Realty

    Listing agent Dana Ward

    Listing date Mar 21, 2026

    MLS# 1044445

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Office Building Near I-75

    This commercial office building is located near I-75 at the intersection of OH-571 and County Road 25A. The property is currently configured as three separate suites with short-term tenants, providing immediate income potential. The 2,464 square foot building can be converted back into a single, larger space. The building includes three restrooms, a kitchenette, a conference room, and seven private offices. A full basement provides additional storage. The property is situated on a 1.46-acre lot. Utilities, including sewer and water, are available at the road. An income-producing billboard on-site is included in the sale, adding additional revenue potential. The property is located in Tipp City, Ohio, a growing community of approximately 10,000 residents. Tipp City is undergoing significant growth, focusing on redeveloping the city and surrounding area. The location benefits from strong visibility and consistent traffic flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tipp City
    County
    Miami
    State
    Ohio
    Longitude
    -84.198191
    Latitude
    39.962146

    Nearby Similar for Sale

    • $375,000
      9,736 SF

      Former Church in Tipp City

      9700 sqft former church with classrooms and gathering space.
      6805 Us 40, Tipp City, OH 45371
      View Details
    • $1,490,000

      Furnished Industrial Building with Office

      7,500 SF furnished industrial building with warehouse and office.
      4155 Gibson Dr, Tipp City, OH 45371
      View Details
    • $599,000
      2,520 SF

      Retail Property with Recent Renovations

      Renovated retail building on a 1.877-acre, fully fenced lot.
      9030 S State Route 202, Tipp City, OH 45371
      View Details
    • $515,000
      4,400 SF

      Tipp City Flex Space

      Flex space with offices and air-conditioned warehouse in Tipp City.
      4325 Lisa Dr, Tipp City, OH 45371
      View Details
    • $1,299,900

      Office Building Near OH-571

      Office building with income-producing billboard in high-traffic location.
      1498 W Main St, Tipp City, OH 45371
      View Details
    • Contact for pricing
      4,492 SF

      Retail Property in Tipp City

      Retail property with 4,492 square feet of space.
      16 Weller Dr, Tipp City, OH 45371
      View Details
    • $1,750,000
      58,756 SF

      Tipp City Warehouse Space

      58,756 SF warehouse space available for lease.
      4Th St North, Tipp City, OH 45371
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with income potential in growing Tipp City, OH.
    Where is this office building located?
    The property is located at 1498 W Main St Tipp City, OH.
    What is the asking price?
    The asking price for this property is $1,299,900.
    What are key features of this property?
    This property features: - High-traffic location near I-75 at the intersection of OH-571 and County Road 25A.; - Income-producing billboard included in the sale.; - Versatile building configurable as three suites or a single large space.
    (937) 701-4044
    Request Owner's contact information
    1498 W Main St Tipp City, OH 45371
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1498 W Main St
    Tipp City, OH 45371
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1498 W Main St Tipp City, OH 45371
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dana Ward
    Dana Ward
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!