Unique Industrial Property with
For Sale
Contact for pricing
790 Enterprise Ct, Miamisburg, OH
Unique commercial/industrial building with historical significance on 5.5 acres.
Property Size5,800 SF
Lot Size5.53 Acres
Price / SF$112.07
Days on Market803
Property Features for 790 Enterprise Ct
General Information
Standard status
Active
Size
5,800 SF
Lot size
5.53 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sibcy Cline, REALTORS
(937) 323-2200
Listed By:
Mike Embree
(937) 443-7499
Source:
Moodyscre
Added: Jul 2, 2024
Changed: Aug 15
Last Checked: Sep 12 at 4:38AM
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 Sibcy Cline, REALTORS
Investment Insights
Based on property information with market context.
This unique commercial/industrial property, situated on over 5.5 wooded acres at the end of a cul-de-sac, offers a piece of U.S. and world history. Originally constructed as a bunker and secret government laboratory, it was the last building added to a larger site of former laboratories. This facility contributed to research and manufacturing during the Nuclear Age, with components used by NASA in missions to the moon, Mars, Jupiter, Saturn, Uranus, Neptune, and the sun. The property later housed Rob Dyrdek's Alien Workshop. Significant updates have been made, including to the mechanics, roof, kitchen, and paint. The property features multiple rooms, abundant storage, and ample parking. The building size is 5,800 square feet. The property's location offers various opportunities.
Key Highlights
- Unique historical significance: Formerly a secret government laboratory involved in nuclear age research and NASA space missions.
- Substantial size and storage: Multiple rooms and abundant storage space.
- Secluded privacy: Situated on over 5.5 wooded acres at the end of a cul‑de‑sac.
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
$37,100
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
5.71%
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%
$742,000
$742.0K
Cap Rate 7%
$530,000
$530.0K
Cap Rate 9%
$412,222
$412.2K
Market Conditions
NOI Build-Up for 5,800 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
$46.6K $8.04/SF
− Vacancy
−$3.0K −$0.51/SF
EGI
$43.6K $7.53/SF
− OpEx
−$6.5K −$1.13/SF
NOI
$37.1K $6.40/SF
Area
Montgomery County, OH
Vacancy
6.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$742,000
Cap Rate 7%
$530,000
Cap Rate 9%
$412,222
Alternative Uses
Best Use
Warehouse
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$436.5K
$381.9K – $509.2K
NOI $30,553 @ 7.0% cap · market cap 4.70%
Theoretical Best
Multifamily LT 5
$54.86M
$48.00M – $64.00M
NOI $3,839,989 @ 7.0% cap · market cap 590.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
537
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Unique commercial/industrial building with historical significance on 5.5 acres.
Where is this manufacturing property located?
The property is located at 790 Enterprise Ct Miamisburg, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Unique historical significance: Formerly a secret government laboratory involved in nuclear age research and NASA space missions.; Substantial size and storage: Multiple rooms and abundant storage space.; Secluded privacy: Situated on over 5.5 wooded acres at the end of a cul‑de‑sac.
