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    Luxury Condo with River Views Title is generated by Realmo AI

    109 N Main Street #1401, Dayton, OH 45402

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    Claim this Listing
    For Sale
    $399,900

    Renovated two-bedroom condo with upscale amenities and panoramic balcony.

    Type:Condominium
    Property size:
    1,708 SF
    Price / SF:
    $234/SF
    Added:
    Aug 26, 2025
    Days on Market:
    277
    Last Refresh:
    May 19 at 8:27 pm

    Property Features for 109 N Main Street #1401

    General Information

    Standard status
    Active
    Size
    1,708 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    (937) 306-6181
    (937) 306-6181

    Listing agent (937) 306-6181 License #5250794

    Listing office BHHS Professional Realty

    Listing date Aug 26, 2025

    Source Kw

    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 BHHS Professional Realty

    HighLights

    • Completely renovated luxury condo with stunning river and fountain views.
    • Chef's kitchen with custom island, Bosch appliances, and walk‑in pantry.
    • Expansive owner's suite with spa‑inspired bath and custom California Closet.
    • Panoramic balcony with gas hookup for entertaining and skyline views.
    • Two secure parking spaces, private storage, and access to a fitness center and guest suite.
    • 24‑hour security with doorman and on‑site Starbucks.

    Overview

    This renovated two-bedroom, two-bath condo is located in Performance Place and features an open-concept main living area with hardwood floors and views of the river and Five Rivers fountains. The kitchen is designed for entertaining and includes a custom 8-seat island, dual beverage refrigerators, illuminated cabinetry, TV hookup, and a gas range. It is finished with custom cabinetry, granite countertops, Bosch appliances, and a walk-in pantry with a house manager’s desk. The owner’s suite includes a large walk-in closet and an ensuite bath with laundry. The second bedroom features a custom closet system with built-in lighted shelving. All baths have top-quality fixtures. The unit has a panoramic balcony with a built-in gas hookup. Additional features include two secure parking spaces in the gated garage, a private climate-controlled storage room, access to a fitness center, and a reservable guest suite. Residents have access to 24-hour security with a doorman, and a Starbucks in the lobby. The property size is 1708 square feet. Water, sewer, and trash are included in the HOA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dayton Philharmonic Orchestra Theater & Performing Art Venue Dayton Bar Association Law Firm NCCL No Credit ... Loan Service Rodney Kennedy, PhdPreacher, ... Church Secretarial Paralegal Placement Employment Agency

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Bar & Pub HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.3797755
    Latitude
    41.0942804

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    FAQs

    What type of property is this?
    Apartment building - Renovated two-bedroom condo with upscale amenities and panoramic balcony.
    Where is this apartment building located?
    The property is located at 109 N Main Street #1401 Dayton, OH.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Completely renovated luxury condo with stunning river and fountain views.; Chef's kitchen with custom island, Bosch appliances, and walk‑in pantry.; Expansive owner's suite with spa‑inspired bath and custom California Closet.
    (937) 306-6181
    We can help!
    Listing Contact
    (937) 306-6181
    (937) 306-6181
    Real Estate License ID: 5250794
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    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.

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