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

    R M Davis Parkway Piqua, OH 45356

    View on Map
    For Sale
    Under Contract
    $169,900

    LAND - Piqua, OH

    Lot size:
    5.29 Acres
    Added:
    Nov 10, 2023
    Days on Market:
    873
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for R M Davis Parkway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    N44100692
    Lot size
    5.29 Acres

    Taxes and HOA fees

    TaxYear
    2022

    We can help!

    Listing Contact
    Jeanie J. Bates

    Listing agent Jeanie J. Bates

    Listing office McVety Realty 222 W Ash St., Piqua, OH

    Listing date Nov 10, 2023

    MLS# 1028819 Listing URL

    Copyright © 2026 Western Regional Information Systems and 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.

    Overview

    Piqua, OH Commercial Land

    This property features two lots totaling 5.287 acres. The location offers a mix of general business, manufacturing, and residential surroundings. The smaller parcel provides ingress and egress from R M Davis Parkway, while the larger parcel has frontage along High Street. City water and sewage are available. The zoning is Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.281526
    Latitude
    40.147102

    Nearby Similar for Sale

    • $589,900
      5,898 SF

      Versatile Commercial Property in Piqua

      Adaptable commercial property with expansion potential on 2 acres.
      1752 W High Street, Piqua, OH 45356
      View Details
    • $420,000
      4,124 SF

      Turnkey Office Building in Piqua

      Charming, updated office building in downtown Piqua, Ohio.
      423 N Wayne Street, Piqua, OH 45356
      View Details
    • $50,000
      11,400 SF

      Piqua Historic Church Building

      11,400 SF former church with creative potential.
      531 W Ash St, Piqua, OH 45356
      View Details
    • $395,000
      10,030 SF

      Downtown Piqua Multi-Tenant Building

      Turn-key investment opportunity in downtown Piqua with flexible usage.
      326 N Wayne Street, Piqua, OH 45356
      View Details
    • $840,000

      Turnkey Equestrian Boarding Facility

      18-acre equestrian facility with indoor arena and boarding stalls.
      9711 Spiker Road, Piqua, OH 45356
      View Details
    • $750,000
      6,000 SF

      Professional Office Building Near I-75

      Professional office building with suites, ideal for medical or administrative use.
      1301 E Ash Street unit: A, Piqua, OH 45356
      View Details
    • $379,900
      2,990 SF

      Well-Maintained Office/Medical Condo For Sale

      All-brick office/medical condo with private rooms, waiting areas, and parking.
      9163 N County Road 25a, Piqua, OH 45356
      View Details
    • $169,900
      2,432 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with strong rental history in Piqua, Ohio.
      512 Orr Street, Piqua, OH 45356
      View Details
    • $2,000,000

      80 Acres Near I-75

      80 acres of unimproved land near I-75 in Piqua, OH.
      Troy Sidney Road, Piqua, OH 45356
      View Details
    • $545,000
      24,000 SF

      Versatile Manufacturing Facility For Sale

      24,000 SF manufacturing facility with expandable land near I-75.
      500 Weber St, Piqua, OH
      View Details
    • $545,000
      4,348 SF

      Renovated Retail Property with Showroom

      Retail property featuring a showroom, renovated building, and fenced lot.
      5290 N County Road 25a, Piqua, OH
      View Details
    • $785,000
      21,200 SF

      Piqua Industrial Facility with I-75 Access

      21,200 SF industrial space with modern amenities and easy access.
      6665 N Spiker Rd, Piqua, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.287 acres of commercial land in Piqua, Ohio.
    Where is this commercial land located?
    The property is located at R M Davis Parkway Piqua, OH.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: 5.287 acres total lot size; Zoned Commercial, offering versatile possibilities.; Great location with mix of business/manufacturing and residential
    (937) 773-8215
    We can help!
    Listing Contact
    Jeanie J. Bates
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!