Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    77 W Elmwood Dr Dayton, OH 45459

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Renovated office suites available in a prime Dayton location.

    Property size:
    33,000 SF
    Lot size:
    33,000 SF

    Property Features for 77 W Elmwood Dr

    General Information

    Size
    33,000 SF

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    David Dickinson
    Source: Naiglobal

    Listing Agent: David Dickinson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Premier Office Building in Dayton

    The Elmwood Galleria, a completely renovated office building, is located in the Corporate Way Office Park. Suites ranging from 881 sq. ft. to 3,538 sq ft. are available for lease. The lease rate is $17.50 per sq. ft. and is full service, including janitorial. The property is located in Washington Township, which has no city income taxes. The Elmwood Galleria is situated at I-675 and Far Hills Ave., in one of the most convenient and recognizable areas of the south Dayton market. The building is located on a bus route and offers on-site parking. The city of Centerville, one the Dayton area’s largest suburbs with a strong income per household, makes this location attractive for companies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jessica Nye Counselor Caring Connections Counselor Willhelm Betsey K Counselor Business Tek, Inc. Office Supply Store Brandon, foot and ankle Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.1594659
    Latitude
    39.6420212

    Nearby Similar for Lease

    • $1.00 SF/Yr
      Pending

      Auto-Service Space on Salem Avenue

      1,350 SF commercial garage with paved parking in Dayton.
      4101 Salem Ave, Dayton, OH 45416
      View Details
    • $17 SF/Yr
      700 SF

      Adaptable Office Suite For Rent

      700 SF suite suitable for office, retail, or wellness.
      7668 Paragon Rd, Dayton, OH 45459
      View Details
    • $10 SF/Yr

      Retail Space in Established Center

      Versatile retail space in a well-established Dayton shopping center.
      4878 Airway Rd, Dayton, OH 45431
      View Details
    • Contact for pricing
      10,543 SF

      Trotwood Medical/Office Suites For Lease

      Move-in-ready medical/office suites with versatile spaces available for lease.
      4140 Salem Ave, Dayton, OH 45416
      View Details
    • $2,200,000
      4,550 SF

      Turnkey Restaurant with Outdoor Patio

      Freestanding 4,550 SF restaurant with full bar and patio.
      2505 Wilmington Pike, Dayton, OH 45419
      View Details
    • $16 SF/Yr
      5,740 SF

      Dayton Warehouse/Industrial Spaces Available

      Multiple warehouse and industrial spaces available for lease in Dayton.
      1740-1760 Thomas Paine Pkwy, Dayton, OH 45459
      View Details
    • $7 SF/Yr
      5,853 SF

      Dayton Office Space for Lease

      Flexible Workspace Solutions in Dayton, OH
      8075 Washington Village Dr, Dayton, OH 45458
      View Details
    • $12 SF/Yr
      13,180 SF

      Centerville Retail/Office Space for Lease

      Prime location near dining, shopping, and local attractions.
      Irongate Park Dr, Dayton, OH 45459
      View Details
    • $7 SF/Yr
      5,000 SF

      Huber Heights I-1 Industrial Space

      Industrial and office spaces with truck parking for lease.
      7740-7752 Wildcat Rd, Dayton, OH 45424
      View Details
    • $6 SF/Yr
      6,000 SF

      Renovated Industrial Space in Trotwood

      6,000 SF renovated industrial space with easy freeway access.
      5851-5885 Wolf Creek Pike, Dayton, OH 45426
      View Details
    • $20 SF/Yr
      500,000 SF

      Stratacache Tower: Dayton Office Space

      Dayton's premier Class A office tower
      40 Main St, Dayton, OH 45423
      View Details
    • $12 SF/Yr
      1,700 SF

      Professional Office Space Available

      Class B office space with versatile layout and ample parking.
      7056 Corporate Way, Dayton, OH 45459
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated office suites available in a prime Dayton location.
    Where is this office building located?
    The property is located at 77 W Elmwood Dr Dayton, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the desirable south Dayton market with easy access to I-675.; - No city income taxes due to Washington Township location.; - Full-service lease at $17.50 per sq. ft. including janitorial services.
    (937) 572-1222
    Request Owner's contact information
    77 W Elmwood Dr Dayton, OH 45459
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    77 W Elmwood Dr
    Dayton, OH 45459
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    77 W Elmwood Dr Dayton, OH 45459
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Dickinson
    Real Estate License ID: #SAL.2001023567
    (937) 572-1222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.