Office Building with
1200 Park Avenue Piqua, OH 45356
For Sale
$324,900
Pending
COMMERCIAL - Piqua, OH
Property Size1,218 SF
Lot Size0.15 Acres
Days on Market51
Property Features for 1200 Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
9
Standard status
Pending
APN
N44025650
Size
1,218 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1953
Building materials
Masonry
Listing Agency:
RE/MAX Alliance Realty Inc.
(937) 898-4400
Listed By:
Paolina Quafisi · License #0000376693
(937) 898-4400
Added: Jun 9
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 1046251
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes four spacious offices, a welcoming waiting and reception area, two storage rooms, and a restroom. The layout supports both client-facing operations and back-office use, with additional storage to keep day-to-day materials organized.
The building is located at 1200 Park Avenue in Piqua, OH (Miami County). The listing notes high visibility and high traffic, which can help support businesses that rely on consistent public exposure, and it includes nine dedicated parking spaces for convenient access.
For owner-occupants or investors, the room configuration is well suited to a range of professional services requiring multiple offices plus a reception component. Dedicated parking can be a practical advantage for employee and visitor arrival, while the storage rooms help separate working areas from day-to-day inventory and supplies.
The building is located at 1200 Park Avenue in Piqua, OH (Miami County). The listing notes high visibility and high traffic, which can help support businesses that rely on consistent public exposure, and it includes nine dedicated parking spaces for convenient access.
For owner-occupants or investors, the room configuration is well suited to a range of professional services requiring multiple offices plus a reception component. Dedicated parking can be a practical advantage for employee and visitor arrival, while the storage rooms help separate working areas from day-to-day inventory and supplies.
Key Highlights
- Masonry commercial building built in 1953
- Interior includes 4 offices plus a waiting/reception area
- Additional space: 2 storage rooms and 1 restroom
Financial Insights For Office B
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 | $24.4k | $20.04 |
| − Vacancy | −$6.1k | −$5.01 |
| EGI | $18.3k | $15.03 |
| − OpEx | −$4.6k | −$3.76 |
| NOI | $13.7k | $11.27 |
1,218 SF · lease $20.04/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$196.1K
$171.6K – $228.8K
NOI $13,730 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.2K
$217.2K – $289.6K
NOI $17,377 @ 7.0% cap · market cap 5.35%
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?
Office building - Single-office building featuring multiple rooms, a reception area, and dedicated parking for clients and staff.
Where is this office building located?
The property is located at 1200 Park Avenue Piqua, OH.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Masonry commercial building built in 1953; Interior includes 4 offices plus a waiting/reception area; Additional space: 2 storage rooms and 1 restroom
