Single-Story Professional Office
For Sale
Contact for pricing
1130 Channingway Dr, Fairborn, OH 45324
Single-story professional office building with private offices, open workspace, conference room, secure entry, and covered patio.
Property Size7,500 SF
Lot Size1.49 Acres
Price / SF$186.53
Days on Market355
Property Features for 1130 Channingway Dr
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
35
Lot size
1.49 Acres
Property subtype
OFFICE
Zoning
PUD
Additional Details
Highway Access
Yes
Amenities
conference room
breakroom
secure entry capability
covered outdoor patio
DCSA-compliant Classified Closed Area
Building Details
Year Built
2004
Buildings
1
Stories
1
Building Size
7,500 SF
Parking Ratio
4.7 per 1,000 SF
Listing Agency:
KW Commercial Community Partners
(937) 530-4094
Listed By:
Greg Blatt
(937) 657-2876
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Sep 17
Last Checked: Sep 16 at 9:02PM
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 KW Commercial Community Partners
Investment Insights
Based on property information with market context.
This single-story professional office building totals 7,500 SF and was constructed in 2004. The interior layout includes a mix of private offices and open workspace, along with a conference room and breakroom. A 1,000 SF DCSA-compliant Classified Closed Area is included, with stated potential for a SCIF upgrade, and the property offers secure entry capability. An exterior covered outdoor patio supports on-site workspace utility.
The property sits on 1.49 acres in Fairborn’s defense corridor, minutes from Wright-Patterson Air Force Base. Access is described as convenient to SR-444 and I-675, providing regional connectivity. Approximately 35 on-site parking spaces are available.
Zoned Planned Unit Development (PUD), the property is positioned to support professional and administrative office use. The configuration, security features, and office mix are suited to organizations seeking controlled workspace within a dedicated office facility.
The property sits on 1.49 acres in Fairborn’s defense corridor, minutes from Wright-Patterson Air Force Base. Access is described as convenient to SR-444 and I-675, providing regional connectivity. Approximately 35 on-site parking spaces are available.
Zoned Planned Unit Development (PUD), the property is positioned to support professional and administrative office use. The configuration, security features, and office mix are suited to organizations seeking controlled workspace within a dedicated office facility.
Key Highlights
- 7,500 SF single‑story professional office building constructed in 2004 on 1.49 acres
- Includes a 1,000 SF DCSA‑compliant Classified Closed Area with potential for SCIF upgrade
- Office layout with private offices, open workspace, conference room, breakroom, secure entry capability, and covered outdoor patio
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
$98,714
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
7.06%
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%
$1,974,280
$2.0M
Cap Rate 7%
$1,410,200
$1.4M
Cap Rate 9%
$1,096,822
$1.1M
Market Conditions
NOI Build-Up for 7,500 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
$161.1K $21.48/SF
− Vacancy
−$29.5K −$3.93/SF
EGI
$131.6K $17.55/SF
− OpEx
−$32.9K −$4.39/SF
NOI
$98.7K $13.16/SF
Area
Greene County, OH
Vacancy
18.30%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$1,974,280
Cap Rate 7%
$1,410,200
Cap Rate 9%
$1,096,822
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.65M
NOI $98,714 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story professional office building with private offices, open workspace, conference room, secure entry, and covered patio.
Where is this office building located?
The property is located at 1130 Channingway Dr Fairborn, OH.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 7,500 SF single‑story professional office building constructed in 2004 on 1.49 acres; Includes a 1,000 SF DCSA‑compliant Classified Closed Area with potential for SCIF upgrade; Office layout with private offices, open workspace, conference room, breakroom, secure entry capability, and covered outdoor patio
