Industrial Properties Near
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1025 S Brown School Rd, Vandalia, OH 45377
Two modern facilities offer industrial space with access to I-75 and I-70 in the Dayton region.
Property Size10,000 SF
Lot Size0.93 Acres
Price / SF$150
Days on Market6
Property Features for 1025 S Brown School Rd
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.93 Acres
Property subtype
INDUSTRIAL
Additional Details
Asking Price
$1,500,000
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
CBRE | Dayton
(937) 461-2273
Listed By:
Patrick Hewitt
(312) 609-9454
Source:
Moodyscre
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 10:12PM
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
Investment Insights
Based on property information with market context.
This industrial offering includes 10,000 square feet across two properties totaling 0.93 acres. The facilities were constructed in 1994 and 2015, providing a combination of established and newer industrial improvements.
The properties are located in Vandalia, less than 2 miles from Dayton International Airport, with access to both I-75 and I-70. Their Dayton-region location supports connections to major Midwest markets and provides proximity to aviation, logistics, and defense activity.
The properties are located in Vandalia, less than 2 miles from Dayton International Airport, with access to both I-75 and I-70. Their Dayton-region location supports connections to major Midwest markets and provides proximity to aviation, logistics, and defense activity.
Key Highlights
- 10,000 SF available across two properties
- 0.93 acres total
- Facilities constructed in 1994 and 2015
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,560
$1.1M
Cap Rate 7%
$752,543
$752.5K
Cap Rate 9%
$585,311
$585.3K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.4K $8.04/SF
− Vacancy
−$5.1K −$0.51/SF
EGI
$75.3K $7.53/SF
− OpEx
−$22.6K −$2.26/SF
NOI
$52.7K $5.27/SF
Area
Montgomery County, OH
Vacancy
6.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,560
Cap Rate 7%
$752,543
Cap Rate 9%
$585,311
Alternative Uses
Best Use
Industrial
$752.5K
$658.5K – $878.0K
NOI $52,678 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Two modern facilities offer industrial space with access to I-75 and I-70 in the Dayton region.
Where is this industrial property located?
The property is located at 1025 S Brown School Rd 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 available across two properties; 0.93 acres total; Facilities constructed in 1994 and 2015
