Professional Office
For Sale
$169,000
860 E Franklin Street, Centerville, OH 45459
Commercial Sale, Centerville, OH
Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$140.83
Days on Market185
Property Features for 860 E Franklin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Franklin Street Woods Office Condo
Directions
Start at 65 W Franklin St, Centerville, OH 45459, USA. Exit the parking lot toward W Franklin St. Turn left onto W Franklin St. Then, turn right. Turn left, and the destination will be on the right at 860 E Franklin St d, Centerville, OH 45459, USA.
Standard status
Active
APN
O68509170033
Size
1,200 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1997
Building materials
Brick
Listing Agency:
CENTURY 21 The Gene Group
(937) 203-8180
Listed By:
Kim McAndrew
(937) 503-4989
Added: Apr 5
Changed: Sep 4
Last Checked: Oct 6 at 6:06AM
MLS# 1044750
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.
This approximately 1,200-square-foot office condo is arranged for professional use with a reception area, multiple private offices or treatment rooms, and a kitchenette with counter space and storage. Wood-trimmed windows provide natural light, while built-in cabinetry, recessed lighting, carpeted floors, and interior wood details create a consistent finished environment. The unit also includes an open porch entry and dedicated parking.
Constructed in 1997, the property is part of Franklin Street Woods Office Condominium at 860 E Franklin Street in Centerville, Ohio. The brick building is served by natural gas heat and public sewer. Condo association responsibilities include exterior maintenance, providing a defined ownership structure for the office unit. Its existing configuration can accommodate a range of professional office operations, including treatment-oriented layouts where private rooms are useful.
Constructed in 1997, the property is part of Franklin Street Woods Office Condominium at 860 E Franklin Street in Centerville, Ohio. The brick building is served by natural gas heat and public sewer. Condo association responsibilities include exterior maintenance, providing a defined ownership structure for the office unit. Its existing configuration can accommodate a range of professional office operations, including treatment-oriented layouts where private rooms are useful.
Key Highlights
- Approximately 1,200 square feet of office space
- Multiple private offices or treatment rooms
- Reception area with recessed lighting and carpeted flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,107
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,140
$202.1K
Cap Rate 7%
$144,386
$144.4K
Cap Rate 9%
$112,300
$112.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.6K $17.16/SF
− Vacancy
−$3.7K −$3.12/SF
EGI
$16.8K $14.04/SF
− OpEx
−$6.7K −$5.61/SF
NOI
$10.1K $8.42/SF
Area
Montgomery County, OH
Vacancy
18.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,140
Cap Rate 7%
$144,386
Cap Rate 9%
$112,300
Alternative Uses
Best Use
Healthcare Medical
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$141.3K
$123.6K – $164.9K
NOI $9,891 @ 7.0% cap · market cap 5.85%
Theoretical Best
Multifamily LT 5
$11.35M
$9.93M – $13.24M
NOI $794,480 @ 7.0% cap · market cap 470.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 45459, OH
28,344
Population
13,988
Households
2
Avg Household Size
50
Median Age
50%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
1,996
Density / Sq Mi
$89,144
Median Household Income
$54,044
Median Earnings
$1,187
Median Rent
$276,100
Median Home Value
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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 units - Flexible office layout with private rooms, a kitchenette, dedicated parking, and a finished reception area.
Where is this office units located?
The property is located at 860 E Franklin Street Centerville, OH.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Approximately 1,200 square feet of office space; Multiple private offices or treatment rooms; Reception area with recessed lighting and carpeted flooring
