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    320 S 1st Street Tipp City, OH 45371

    View on Map
    For Lease
    $3,800 /Mo

    COMMERCIAL - Tipp City, OH

    Property size:
    3,600 SF
    Lot size:
    0.14 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 320 S 1st Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    2
    Parking features
    Garage
    Interior features
    Ceiling Fan(s), No Window Coverings
    Exterior features
    Overhead Door(s)
    Basement
    Block
    Appliances
    Gas Water Heater, Range, Refrigerator
    Standard status
    Active
    APN
    G15001374
    Size
    3,600 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Wood, Carpet
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    Dana Ward
    Dana Ward

    Listing agent Dana Ward

    Listing office Dana Ward Realty 9 S 4th St., Tipp City, OH

    Listing date Mar 25, 2026

    MLS# 1044495

    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.

    Overview

    Renovated Commercial Space in Tipp City

    This commercial property in Tipp City features a newly renovated building with character and modern upgrades. The layout includes an open entry and a 40 x 29 business area. Refinished hardwood flooring extends throughout the main space, complemented by high ceilings and natural light from new Pella windows and doors. The property includes a kitchen with a retro-style range and refrigerator, and one private office. A newly constructed garage addition with a new foundation offers two bays with 10' x 14' insulated overhead doors and a 45' x 36' garage area. Additional improvements include a new electrical panel, updated lighting, and a new HVAC system. The property is well-insulated and finished with durable metal siding and roofing. Zoned light industrial, this property is suited for a service-based business or contractor. The property has a lot size of 0.14 acres and a property size of 3600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tipp City
    County
    Miami
    State
    Ohio
    Longitude
    -84.1682834
    Latitude
    39.9573255

    Nearby Similar for Lease

    • $15/mo

      Tipp City Office Space Available

      Office space for lease in multi-tenant building near I-75.
      115 S Tippecanoe, Tipp City, OH 45371-2754
      View Details
    • Contact for pricing

      Tipp City Warehouse Space Available

      Warehouse space available for lease in Tipp City, Ohio.
      4240 Lisa Dr, Tipp City, OH
      View Details
    • Contact for pricing

      Former Air Freight Sorting Facility

      Cross-dock facility with immediate access to air strip.
      2800 Old Springfield, Tipp City, OH
      View Details

    FAQs

    What type of property is this?
    Flex space - Move-in-ready commercial space with modern upgrades and garage addition.
    Where is this flex space located?
    The property is located at 320 S 1st Street Tipp City, OH.
    What is the lease rate?
    The lease rate is $3,800 /Mo.
    What are key features of this property?
    This property features: Newly renovated building with modern upgrades and exceptional character, move‑in ready.; Newly constructed, spacious (45' x 36') two‑bay garage with 10' x 14' insulated overhead doors and new foundation.; Refinished hardwood flooring, high ceilings, and abundant natural light from new Pella windows and doors.
    (937) 506-8003
    We can help!
    Listing Contact
    Dana Ward
    Dana Ward
    Learn More
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    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
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