Listing Agency: RE/MAX Alliance Realty | Dayton (Dixie) Show Phone

Listed By: Mike Temple · License #0000347520 Show Phone

Source: Moodyscre

Added: Oct 5, 2024 Changed: Nov 1 Last Checked: Nov 3 at 9:28AM

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Investment Insights

Based on property information with market context.

This property, situated on approximately 0.75 acres, features a freshly remodeled 1,626-square-foot building currently configured for auto sales. The layout includes a 20-foot by 25-foot front-end office area and a 10-foot by 10-foot break room equipped with a kitchenette. The remaining space is dedicated to shop and service functions. Renovations completed in 2022 included a new roof, new exterior siding, updated lighting, a complete electrical overhaul (service, panel, and wiring), and some updated plumbing. An attached 16-foot by 16-foot storage building provides additional space. The property is equipped with two half baths, two forced-air heating systems, and an AC wall unit. Ample parking is available. The property is located in a high-traffic area, offering maximum exposure. The annual property taxes are $1642.01.

Key Highlights

• High traffic count location ideal for business exposure.
• Recently renovated building (2022) with new roof, siding, and electrical. Some plumbing updates.
• Approximately 3/4 acre lot suitable for various uses.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,565

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$171,300 $171.3K

Cap Rate 7%

$122,357 $122.4K

Cap Rate 9%

$95,167 $95.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,626 SF

Gross rent

$13.1K $8.04/SF

− Vacancy

−$837 −$0.51/SF

EGI

$12.2K $7.53/SF

− OpEx

−$3.7K −$2.26/SF

NOI

$8.6K $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 Rate 5%

$171,300

Cap Rate 7%

$122,357

Cap Rate 9%

$95,167

Alternative Uses

Best Use

Retail

$270.1K

$236.4K – $315.2K (±1% cap)

NOI $18,910 @ 7.0% cap · market cap 11.13%

Second Best

Industrial

$122.4K

$107.1K – $142.8K (±1% cap)

NOI $8,565 @ 7.0% cap · market cap 5.04%

Theoretical Best

Multifamily LT 5

$15.38M

$13.46M – $17.94M (±1% cap)

NOI $1,076,521 @ 7.0% cap · market cap 633.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Gene's Garage — 7857 Sweet Potato Rd, Brookville, OH 45309
• Combs Garage — 7857 Sweet Potato Ridge Rd, Brookville, OH 45309
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Frequently Asked Questions

What type of property is this?

Auto shop - High-traffic location, remodeled building, suitable for auto sales.

Where is this auto shop located?

The property is located at 10590 S Dayton Greenville Pike Brookville, 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: High traffic count location ideal for business exposure.; Recently renovated building (2022) with new roof, siding, and electrical. Some plumbing updates.; Approximately 3/4 acre lot suitable for various uses.