Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Building For Lease Title is generated by Realmo AI

    1222 S Patterson Blvd, Dayton, OH 45402

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Four-story medical office building near Miami Valley Hospital.

    Type:Office
    Property size:
    71,000 SF
    Added:
    Oct 20, 2025
    Days on Market:
    209
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1222 S Patterson Blvd

    General Information

    Standard status
    Active
    Size
    71,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 1222 S Patterson Blvd Contact us

    We can help!

    Listing Contact
    Matt Gregory

    Listing agent Matt Gregory License #2006003063

    Listing office NAI Ohio Equities, LLC

    Listing date Oct 20, 2025

    Source Crexi

    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 NAI Ohio Equities, LLC

    HighLights

    • Prime location near Miami Valley Hospital, the University of Dayton, and Downtown Dayton
    • Ample and convenient on‑site parking
    • Easy access to I‑75
    • ±71,000 SF, 4‑story Medical Office Building
    • Immediate leasing opportunities
    • Competitive lease terms

    Overview

    The Wright Health Building is a four-story medical office building encompassing approximately 71,000 square feet. Constructed in 1993, the building features an electronic directory and on-site parking. Its location offers proximity to Miami Valley Hospital, the University of Dayton, and downtown Dayton, with convenient access to I-75. Immediate leasing opportunities are available with competitive lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Wright Health building Medical Clinic Steve A. Sato, DDS Dental Office Equitas Health Dayton ... Medical Clinic Premier Infectious Diseases Medical Clinic Cropper James R Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.1910637
    Latitude
    39.7403758

    Nearby Similar for Lease

    • $129-$2,373/Mo
      11-1,292 SF

      OH, Dayton - W 2nd St

      40 2Nd St, Unit 2ND, Dayton, OH 45402
      View Details
    • Sponsored
      $129-$4,826/Mo
      11-1,292 SF

      OH, Dayton - Washington Village Dr

      8075 Washington Vlg Dr 1Rst, Unit DAYTON, Dayton, OH 45458
      View Details
    • $8 SF/Yr
      7,320 SF

      Watervliet Business District Retail/Office Space

      7,320 sq ft retail/office space in thriving business district.
      716 Watervliet Ave., Dayton, OH 45420
      View Details
    • $9 SF/Yr
      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
      View Details
    • $15 SF/Yr
      9,500 SF

      Renovated Mixed-Use Property in Oakwood

      Flexible office/retail spaces in affluent Oakwood, minutes from Dayton.
      2533 Far Hills Avenue, Dayton, OH 45419
      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
      View Details
    • $10 SF/Yr
      2,365 SF

      Retail Spaces in Kettering Location

      Retail spaces available in well-established Kettering shopping center.
      2270 E Dorothy Ln, Dayton, OH
      View Details
    • $19 SF/Yr
      3,162 SF

      Medical Space For Lease

      Freestanding medical building along I-675 corridor with ample parking.
      6621-6627 Centerville Business Pkwy, Dayton, OH
      View Details
    • $14 SF/Yr
      1,532 SF

      Retail Space on Siebenthaler Avenue

      Retail space available for lease on West Siebenthaler Avenue.
      3530 West Siebenthaler Avenue, Dayton, OH, 45406
      View Details
    • $17 SF/Yr
      1,840 SF

      Retail Space in Active Zone

      Retail spaces available in Centerville's active retail zone.
      9154 Dayton Lebanon Pike, Dayton, OH
      View Details
    • $17 SF/Yr
      33,000 SF

      Premier Office Building in Dayton

      Renovated office suites available in a prime Dayton location.
      77 W. Elmwood Dr., Dayton, OH 45459
      View Details
    • $15 SF/Yr
      2,023 SF

      Dayton Office Space Available

      Office space available for lease in Dayton, Ohio.
      1427 Business Center Court, Dayton, OH, 45410
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Four-story medical office building near Miami Valley Hospital.
    Where is this medical office space located?
    The property is located at 1222 S Patterson Blvd Dayton, OH.
    What are key features of this property?
    This property features: Prime location near Miami Valley Hospital, the University of Dayton, and Downtown Dayton; Ample and convenient on‑site parking; Easy access to I‑75
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Gregory
    Real Estate License ID: 2006003063
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1222 S Patterson Blvd, Dayton, OH 45402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!