Multi-Tenant Retail
For Sale
$1,300,000
9725 Minotaur Wy, Dayton, OH 45458
Single-story retail building with an Edward Jones anchor and multi-tenant space suitable for service and appointment-based uses.
Property Size6,000 SF
Price / SF$163.62
Days on Market37
Property Features for 9725 Minotaur Wy
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Building Details
Building Size
6,000 SF
Year Built
2005
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Heritage
(937) 504-6375
Listed By:
Patrick Williams
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 25
Last Checked: Aug 31 at 1:38PM
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This single-story, well-maintained multi-tenant retail property was constructed in 2005 and includes an Edward Jones anchor alongside additional retail space. The asset totals 6,445 SF and is described as offering value-add upside through additional available space.
The property is presented as an income-producing retail investment and is 1031 exchange-eligible. Public remarks indicate verified credit-tenant income is in place.
In terms of tenant fit, the building is described as suitable for medical, dental, professional services, wellness, salon suites, or other appointment-based destination users, based on the existing retail configuration and multi-tenant layout.
The property is presented as an income-producing retail investment and is 1031 exchange-eligible. Public remarks indicate verified credit-tenant income is in place.
In terms of tenant fit, the building is described as suitable for medical, dental, professional services, wellness, salon suites, or other appointment-based destination users, based on the existing retail configuration and multi-tenant layout.
Key Highlights
- ±6,445 SF multi‑tenant retail building with an Edward Jones anchor tenant in place
- Total building size of ±7,945 SF, single‑story retail asset constructed in 2005
- Value‑add positioning with available space totaling ±1,500 SF (7,945 SF minus 6,445 SF)
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
$74,960
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
5.77%
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%
$1,499,200
$1.5M
Cap Rate 7%
$1,070,857
$1.1M
Cap Rate 9%
$832,889
$832.9K
Market Conditions
NOI Build-Up for 7,945 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
$114.4K $14.40/SF
− Vacancy
−$7.3K −$0.92/SF
EGI
$107.1K $13.48/SF
− OpEx
−$32.1K −$4.04/SF
NOI
$75.0K $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%
$1,499,200
Cap Rate 7%
$1,070,857
Cap Rate 9%
$832,889
Alternative Uses
Best Use
Retail
$1.07M
$937.0K – $1.25M
NOI $74,960 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,527 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 45458, OH
36,474
Population
15,827
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,833
Density / Sq Mi
$110,682
Median Household Income
$69,620
Median Earnings
$1,286
Median Rent
$337,500
Median Home Value
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 space - Single-story retail building with an Edward Jones anchor and multi-tenant space suitable for service and appointment-based uses.
Where is this retail space located?
The property is located at 9725 Minotaur Wy Dayton, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: ±6,445 SF multi‑tenant retail building with an Edward Jones anchor tenant in place; Total building size of ±7,945 SF, single‑story retail asset constructed in 2005; Value‑add positioning with available space totaling ±1,500 SF (7,945 SF minus 6,445 SF)
