Former Drug Store at Signalized
For Sale
Contact for pricing
1320 E Stroop Rd, Kettering, OH 45429
B-zoned retail building positioned at a signalized intersection in Kettering.
Property Size11,335 SF
Lot Size1.24 Acres
Price / SF$166.74
Days on Market214
Property Features for 1320 E Stroop Rd
General Information
Standard status
Active
Size
11,335 SF
Lot size
1.24 Acres
Property subtype
Retail
Zoning
B
Lease Type
Net
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #6502378067
(248) 702-0288
Source:
Crexi
Added: Mar 16
Changed: Oct 15
Last Checked: Oct 14 at 11:20PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This former drug store contains 11,335 square feet within a 1.24-acre commercial property. The building occupies a hard corner with signalized intersection access, providing a clearly defined retail setting for sale or lease.
The property is located at 1320 E Stroop Rd in Kettering, Ohio, 45429. B zoning supports its commercial classification, while the standalone former drug store format offers an established building configuration for continued retail use or future repositioning.
The property is located at 1320 E Stroop Rd in Kettering, Ohio, 45429. B zoning supports its commercial classification, while the standalone former drug store format offers an established building configuration for continued retail use or future repositioning.
Key Highlights
- 11,335‑square‑foot former drug store
- 1.24‑acre commercial property
- Hard‑corner position at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,240
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,824,800
$2.8M
Cap Rate 7%
$2,017,714
$2.0M
Cap Rate 9%
$1,569,333
$1.6M
Market Conditions
NOI Build-Up for 11,335 SF
Gross rent
$204.0K $18.00/SF
− Vacancy
−$15.7K −$1.39/SF
EGI
$188.3K $16.61/SF
− OpEx
−$47.1K −$4.15/SF
NOI
$141.2K $12.46/SF
Area
Montgomery County, OH
Vacancy
7.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,824,800
Cap Rate 7%
$2,017,714
Cap Rate 9%
$1,569,333
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,240 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$1.88M
$1.65M – $2.20M
NOI $131,824 @ 7.0% cap · market cap 6.97%
Theoretical Best
Multifamily LT 5
$107.21M
$93.81M – $125.08M
NOI $7,504,529 @ 7.0% cap · market cap 397.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45429, OH
26,514
Population
12,806
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,678
Density / Sq Mi
$77,291
Median Household Income
$44,920
Median Earnings
$1,007
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Meijer Pharmacy — 4075 Wilmington Pike, Kettering, OH 45440
- CVS Pharmacy — 4075 wilmington pike, kettering, oh 45440
- Rite Aid Pharmacy — 1320 E Stroop Rd, Kettering, OH 45429
- Jamie Shafer — 1320 E Stroop Rd, Kettering, OH 454294926
Frequently Asked Questions
What type of property is this?
Drug store - B-zoned retail building positioned at a signalized intersection in Kettering.
Where is this drug store located?
The property is located at 1320 E Stroop Rd Kettering, OH.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 11,335‑square‑foot former drug store; 1.24‑acre commercial property; Hard‑corner position at a signalized intersection
