1307 North Detroit, Xenia, OH 45385

Building Details

Building Size 2,030 SF More

Listing Agency: Coldwell Banker - Heritage | Springfield

Listed By: Patrick Williams · License #2020005690 Show Phone

Source: Cbcworldwide

Added: Mar 5 Changed: Aug 8 Last Checked: Apr 24 at 9:33PM

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Investment Insights

Based on property information with market context.

This mixed-use property is located at 1307 North Detroit in Xenia, Ohio. The property occupies 0.34 acres.

Key Highlights

• Location: 1307 North Detroit, Xenia, OH 45385
• Lot Size: 0.34 acres
• Property Type: (Inferred from context - likely residential, but unspecified)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,911

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,220 $438.2K

Cap Rate 7%

$313,014 $313.0K

Cap Rate 9%

$243,456 $243.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,030 SF

Gross rent

$43.6K $21.48/SF

− Vacancy

−$8.5K −$4.21/SF

EGI

$35.1K $17.27/SF

− OpEx

−$13.1K −$6.48/SF

NOI

$21.9K $10.79/SF

Area

Greene County, OH

Vacancy

19.60%

Lease Rate

$21.48 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,220

Cap Rate 7%

$313,014

Cap Rate 9%

$243,456

Alternative Uses

Best Use

Mixed Use

$313.0K

$273.9K – $365.2K (±1% cap)

NOI $21,911 @ 7.0% cap · market cap 5.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$381.7K

$334.0K – $445.3K (±1% cap)

NOI $26,719 @ 7.0% cap · market cap 6.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mobil 1 Lube ... Auto Repair Shop Key Express Oil ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Pharmacy Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

312

Businesses Nearby

Explore this area Business Placement

Demographics for 45385, OH

39,446

Population

17,097

Households

2.3

Avg Household Size

42

Median Age

31%

College-Educated

92%

High-School Grad

137.2 sq mi

ZIP Area

288

Density / Sq Mi

$75,327

Median Household Income

$45,396

Median Earnings

$899

Median Rent

$197,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property on 0.34 acres in Xenia, Ohio.

Where is this mixed-use property located?

The property is located at 1307 North Detroit Xenia, OH.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Location: 1307 North Detroit, Xenia, OH 45385; Lot Size: 0.34 acres; Property Type: (Inferred from context - likely residential, but unspecified)