Renovated Retail Building in
1620 E 5th St Dayton, OH
For Sale
Contact for pricing
Turn-key retail building with income potential in St. Anne's Hill.
Property Size1,380 SF
Lot Size0.11 Acres
Price / SF$206.52
Days on Market521
Property Features for 1620 E 5th St
General Information
Standard status
Active
Size
1,380 SF
Lot size
0.11 Acres
Property subtype
RETAIL
Listing Agency:
Local Roots Realty
(937) 308-1883
Listed By:
Rachel Gannon
(937) 308-1883
Source:
Moodyscre
Added: Feb 23, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:55AM
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 Local Roots Realty
Investment Insights
Based on property information with market context.
This 1380-square-foot building is located along the business corridor of 5th St. in St. Anne's Hill. The completely renovated building is nearly turn-key as a salon/spa, featuring 5 private rooms. Renovations include a new roof, HVAC, plumbing, electrical, windows, water heater, flooring, drywall/paint, and bathroom. Each room has the potential to bring in income, making it a potential investment opportunity.
Key Highlights
- Completely renovated: new roof, HVAC, plumbing, electrical, windows, water heater, flooring, drywall/paint, and bathroom.
- Turn‑key salon/spa featuring 5 private rooms.
- Potential monthly income of at least $3250 from room rentals.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.9k | $14.40 |
| − Vacancy | −$1.3k | −$0.92 |
| EGI | $18.6k | $13.48 |
| − OpEx | −$5.6k | −$4.04 |
| NOI | $13.0k | $9.43 |
1,380 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$186.0K
$162.8K – $217.0K
NOI $13,020 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.1K
$257.3K – $343.1K
NOI $20,587 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Turn-key retail building with income potential in St. Anne's Hill.
Where is this retail space located?
The property is located at 1620 E 5th St Dayton, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Completely renovated: new roof, HVAC, plumbing, electrical, windows, water heater, flooring, drywall/paint, and bathroom.; Turn‑key salon/spa featuring 5 private rooms.; Potential monthly income of at least $3250 from room rentals.
