Retail Building with Patio
For Sale
Contact for pricing
32 Webster St, Dayton, OH
27,135 SF retail building on 2.668 acres for sale.
Property Size27,135 SF
Lot Size2.05 Acres
Price / SF$117.89
Days on Market824
Property Features for 32 Webster St
General Information
Standard status
Active
Size
27,135 SF
Lot size
2.05 Acres
Property subtype
RETAIL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 745-9333
Listed By:
Michael Costantini · License ##281226
(513) 383-8413
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Sep 7
Last Checked: Sep 8 at 3:46AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This property features a 27,135-square-foot building situated on a 116,218-square-foot lot, equivalent to 2.668 acres. It is zoned UBD (Urban Business District) and offers ample parking. The property also includes outdoor patio spaces. This property is located in Dayton, OH.
Key Highlights
- Large 27,135 sq ft building in Urban Business District (UBD)
- Substantial 2.668 acre lot size
- Ample Parking available
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
$256,015
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
8.00%
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%
$5,120,300
$5.1M
Cap Rate 7%
$3,657,357
$3.7M
Cap Rate 9%
$2,844,611
$2.8M
Market Conditions
NOI Build-Up for 27,135 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
$390.7K $14.40/SF
− Vacancy
−$25.0K −$0.92/SF
EGI
$365.7K $13.48/SF
− OpEx
−$109.7K −$4.04/SF
NOI
$256.0K $9.43/SF
Area
Dayton, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$5,120,300
Cap Rate 7%
$3,657,357
Cap Rate 9%
$2,844,611
Alternative Uses
Best Use
Retail
$3.66M
$3.20M – $4.27M
NOI $256,015 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.06M – $6.75M
NOI $404,811 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,329
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 27,135 SF retail building on 2.668 acres for sale.
Where is this retail property located?
The property is located at 32 Webster St Dayton, OH.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: Large 27,135 sq ft building in Urban Business District (UBD); Substantial 2.668 acre lot size; Ample Parking available
