Two-Story Retail/Office
For Sale
Contact for pricing
3230 Dayton Xenia Rd, Dayton, OH 45432
Two-story building with parking for 10, HVAC, and layout potential for four offices plus a conference room.
Property Size2,124 SF
Lot Size0.28 Acres
Price / SF$223.63
Days on Market27
Property Features for 3230 Dayton Xenia Rd
General Information
Standard status
Active
Size
2,124 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Property subtype
OFFICE
Zoning
B2
Lease Type
NNN
Additional Details
Utilities to Site
Yes
Building Details
Stories
2
Listing Agency:
Industrial Property Brokers
(937) 492-4423
Listed By:
Timothy Echemann
(937) 492-4423
Source:
Moodyscre
Added: Jul 26
Changed: Aug 14
Last Checked: Aug 20 at 1:08PM
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 Industrial Property Brokers
Investment Insights
Based on property information with market context.
This two-story retail/office building includes space with HVAC for heating and air conditioning, full utility hookups, and T-8 lighting throughout. The interior layout has the potential for four offices and one conference room, and there is also a detached storage or garage structure on-site.
The property is situated on a 0.28-acre lot and provides parking for 10 vehicles. Zoned B2, it allows for a wide range of commercial uses.
Additional on-site support includes the detached storage/garage structure, which can help with operational needs while maintaining an office-ready configuration inside.
The property is situated on a 0.28-acre lot and provides parking for 10 vehicles. Zoned B2, it allows for a wide range of commercial uses.
Additional on-site support includes the detached storage/garage structure, which can help with operational needs while maintaining an office-ready configuration inside.
Key Highlights
- 2,124 SF two‑story retail/office building at 3230 Dayton Xenia Road in Dayton, OH 45434
- Zoned B2, supporting a wide range of commercial uses
- Lease rate of $19.00/SF per year on a triple net basis (or sale price of $475,000)
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
$21,620
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
4.55%
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%
$432,400
$432.4K
Cap Rate 7%
$308,857
$308.9K
Cap Rate 9%
$240,222
$240.2K
Market Conditions
NOI Build-Up for 2,124 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
$37.0K $17.40/SF
− Vacancy
−$8.1K −$3.83/SF
EGI
$28.8K $13.57/SF
− OpEx
−$7.2K −$3.39/SF
NOI
$21.6K $10.18/SF
Area
Dayton, OH
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$432,400
Cap Rate 7%
$308,857
Cap Rate 9%
$240,222
Alternative Uses
Best Use
Office B
$308.9K
$270.3K – $360.3K
NOI $21,620 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.7K
$396.1K – $528.1K
NOI $31,687 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 45432, OH
15,105
Population
6,715
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
2,127
Density / Sq Mi
$83,323
Median Household Income
$47,428
Median Earnings
$871
Median Rent
$181,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story building with parking for 10, HVAC, and layout potential for four offices plus a conference room.
Where is this office building located?
The property is located at 3230 Dayton Xenia Rd Dayton, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,124 SF two‑story retail/office building at 3230 Dayton Xenia Road in Dayton, OH 45434; Zoned B2, supporting a wide range of commercial uses; Lease rate of $19.00/SF per year on a triple net basis (or sale price of $475,000)
