Warehouse and Office Flex
For Sale
$1,500,000
1019 South Brown School Road, Vandalia, OH 45377
Combined warehouse and office improvements provide a flexible commercial configuration.
Property Size10,000 SF
Price / SF$150
Days on Market47
Property Features for 1019 South Brown School Road
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Listing Agency:
CBRE | Dayton
Listed By:
Patrick Hewitt
(937) 641-0419
Source:
Cbre
Added: Sep 4
Changed: Oct 5
Last Checked: Oct 19 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Dayton
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Investment Insights
Based on property information with market context.
This 10,000-square-foot flex space property combines warehouse and office buildings in a single commercial offering. The property is located at 1019 South Brown School Road in Vandalia, Ohio.
Key Highlights
- 10,000 SF of warehouse and office buildings
- Located at 1019 South Brown School Road in Vandalia, OH 45377
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,240
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,800
$1.8M
Cap Rate 7%
$1,303,429
$1.3M
Cap Rate 9%
$1,013,778
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$171.6K $17.16/SF
− Vacancy
−$31.2K −$3.12/SF
EGI
$140.4K $14.04/SF
− OpEx
−$49.1K −$4.91/SF
NOI
$91.2K $9.12/SF
Area
Montgomery County, OH
Vacancy
18.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,800
Cap Rate 7%
$1,303,429
Cap Rate 9%
$1,013,778
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,240 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$1.18M
$1.03M – $1.37M
NOI $82,429 @ 7.0% cap · market cap 5.50%
Theoretical Best
Multifamily LT 5
$94.58M
$82.76M – $110.34M
NOI $6,620,670 @ 7.0% cap · market cap 441.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45377, OH
15,070
Population
6,800
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.2 sq mi
ZIP Area
711
Density / Sq Mi
$82,617
Median Household Income
$46,969
Median Earnings
$872
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Combined warehouse and office improvements provide a flexible commercial configuration.
Where is this flex space located?
The property is located at 1019 South Brown School Road Vandalia, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,000 SF of warehouse and office buildings; Located at 1019 South Brown School Road in Vandalia, OH 45377
