Air-Conditioned Flex
For Sale
Contact for pricing
Pending
36 Kinsey Rd, Xenia, OH 45385
Versatile commercial building with showroom or office potential, loading access, substantial power, and B-1 zoning.
Property Size8,856 SF
Days on Market517
Property Features for 36 Kinsey Rd
General Information
Standard status
Pending
Size
8,856 SF
Total Parking Spaces
28
Property subtype
Mixed Use, Office, Special Purpose
Zoning
B-1 Convenience Business District
Building Details
Year Built
1988
Listing Agency:
Howard Hanna Real Estate Services
Listed By:
Bob Caperna · License #2003007875
Source:
Crexi
Added: May 17, 2025
Changed: Oct 9
Last Checked: Oct 14 at 10:44PM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This 1988 flex property provides 8,856 square feet configured for showroom or office use. The building is fully air-conditioned with three HVAC systems and includes two restrooms, a loading dock, and a 10' overhead door. Electrical service is supported by 400-amp 3-phase power, while 28 parking spaces serve the property. Zoning is B-1 Convenience Business District.
The property is located in Xenia, Ohio, approximately 20 minutes from Dayton, with access to US-35 and I-675. Xenia is described as a southwest Ohio business hub with business parks, local-government support, and ongoing infrastructure and economic-development efforts.
The property is located in Xenia, Ohio, approximately 20 minutes from Dayton, with access to US-35 and I-675. Xenia is described as a southwest Ohio business hub with business parks, local-government support, and ongoing infrastructure and economic-development efforts.
Key Highlights
- 8,856‑square‑foot flex building constructed in 1988
- 400‑amp 3‑phase power supports commercial operations
- Loading dock with 10' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,792
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,840
$675.8K
Cap Rate 7%
$482,743
$482.7K
Cap Rate 9%
$375,467
$375.5K
Market Conditions
NOI Build-Up for 8,856 SF
Gross rent
$56.8K $6.41/SF
− Vacancy
−$4.8K −$0.54/SF
EGI
$52.0K $5.87/SF
− OpEx
−$18.2K −$2.05/SF
NOI
$33.8K $3.82/SF
Area
Greene County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,840
Cap Rate 7%
$482,743
Cap Rate 9%
$375,467
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.94M
NOI $116,562 @ 7.0% cap · market cap 23.36%
Second Best
Mixed Use
$1.37M
$1.19M – $1.59M
NOI $95,589 @ 7.0% cap · market cap 19.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Under-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom or office potential, loading access, substantial power, and B-1 zoning.
Where is this flex space located?
The property is located at 36 Kinsey Rd Xenia, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 8,856‑square‑foot flex building constructed in 1988; 400‑amp 3‑phase power supports commercial operations; Loading dock with 10' overhead door
