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    Downtown Office Space for Rent Title is generated by Realmo AI

    11 W Monument Ave, Dayton, OH 45402

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    Office building with original architecture and convenient downtown location.

    Type:Office
    Property size:
    6,380 SF
    Added:
    Jan 24, 2022
    Days on Market:
    1592
    Last Refresh:
    May 13 at 12:10 am

    Property Features for 11 W Monument Ave

    General Information

    Standard status
    Active
    Size
    6,380 SF
    Property subtype
    Office

    Building Details

    Year Built
    1929

    Spaces For Lease

    at 11 W Monument Ave Contact us

    Suite 309 $15/Mo

    Size
    415 SF
    Type
    Office
    Tenant responsible for internet and parking. There is a surface lot adjacent to building...
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    Contact us

    Suite 303 $15/Mo

    Size
    445 SF
    Type
    Office
    Contact us

    Suite 410 $15/Mo

    Size
    390 SF
    Type
    Office
    Contact us

    Suite 302 $15/Mo

    Size
    551 SF
    Type
    Office
    Contact us

    Suite 310 $15/Mo

    Size
    1,619 SF
    Type
    Office
    Contact us

    Suite 700 $15/Mo

    Size
    4,377 SF
    Type
    Office
    Great Downtown Location! The Lemberg Co. building features classic architecture...
    show more
    Contact us

    Suite 800 $15/Mo

    Size
    6,380 SF
    Type
    Office
    Contact us

    Suite 601 $15/Mo

    Size
    229 SF
    Type
    Office
    Tenant responsible for internet and parking. There is a surface lot adjacent to building...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Tracy Rutherford

    Listing agent Tracy Rutherford License #OH 2009001822

    Listing office Crest Commercial Realty

    Listing date Jan 24, 2022

    Source Crexi

    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 Crest Commercial Realty

    HighLights

    • Direct elevator access to top floor suite featuring a wood‑paneled room, fireplace, and excellent views.
    • Overlooks the Miami River offering amazing views.
    • Convenient downtown location close to food, entertainment, parks, and the Central Business District.
    • Secure, 24‑hour access via card system.
    • Original architecture featuring high ceilings, large windows, and classic finishes.
    • Proximity to I‑75 and US‑35.

    Overview

    This 8-story office building, encompassing 50,000 square feet, is situated in a convenient downtown location, close to parking and various amenities. The building features original architecture, including high ceilings, large windows, and classic finishes. It is equipped with two elevators and a card system providing 24-hour secure access. The top floor offers direct elevator access, a wood-paneled room with a fireplace, and views. Various suite sizes are available, ranging from 400 to 6,380 square feet. The property is located just blocks from the Central Business District and is close to downtown amenities such as food, entertainment, and parks and recreation. An adjacent surface lot offers parking options, with street parking and covered garages also available nearby. The building overlooks the Miami River, providing views. It is in proximity to I-75 and US-35. Full-service lease rates and negotiable terms are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    amsat bookstore (Bike/Boat/Book/etc) Store Serendipity Community Care Medical Clinic The Center for Sexual Health Crisis Center Riverscape Counseling Crisis Center Sebrina Cotton Counselor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.1934925
    Latitude
    39.7638609

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    FAQs

    What type of property is this?
    Office building - Office building with original architecture and convenient downtown location.
    Where is this office building located?
    The property is located at 11 W Monument Ave Dayton, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Direct elevator access to top floor suite featuring a wood‑paneled room, fireplace, and excellent views.; Overlooks the Miami River offering amazing views.; Convenient downtown location close to food, entertainment, parks, and the Central Business District.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tracy Rutherford
    Real Estate License ID: OH 2009001822
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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.

    More about this property
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