Single-Tenant Flex
For Sale
$3,490,000
1875 Founders Dr, Dayton, OH 45420
Renovated flex/industrial facility with office-forward layout, four overhead doors, and 80 parking spaces, 100% leased.
Property Size32,235 SF
Lot Size6.53 Acres
Price / SF$108.27
Days on Market135
Property Features for 1875 Founders Dr
General Information
Standard status
Active
Size
32,235 SF
Total Parking Spaces
80
Lot size
6.53 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
10.11%
Highway Access
Yes
Building Details
Building Size
32,235 SF
Tenancy
Single
Listing Agency:
Crest Commercial Realty
Listed By:
Anthony S. Taylor · License #2006001798
Source:
Commercialcafe
Added: Apr 24
Changed: Sep 3
Last Checked: Sep 5 at 4:22AM
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 Crest Commercial Realty
Investment Insights
Based on property information with market context.
This single-tenant flex/industrial building offers 32,235 square feet with renovated office and corporate conference rooms at the front and flexible space at the rear designed for production, laboratories, or research and development. The property is classified as light industrial and includes interior HVAC systems for day-to-day support and maintenance.
The facility is located within Miami Valley Research Park in the southern Dayton suburbs, specifically in Kettering and Beavercreek. The campus spans 1,250 acres, and the building sits on a 6.529-acre site. The property is described as being minutes from Wright Patterson Air Force Base and major highways such as I-75 and I-675, and it has four overhead doors plus 80 parking spaces.
The building is operated as the Telemecanique Sensor Competency Center, supporting Telemecanique Sensors, a division of the Yageo Group. It is offered for sale with the space reported as 100% leased.
The facility is located within Miami Valley Research Park in the southern Dayton suburbs, specifically in Kettering and Beavercreek. The campus spans 1,250 acres, and the building sits on a 6.529-acre site. The property is described as being minutes from Wright Patterson Air Force Base and major highways such as I-75 and I-675, and it has four overhead doors plus 80 parking spaces.
The building is operated as the Telemecanique Sensor Competency Center, supporting Telemecanique Sensors, a division of the Yageo Group. It is offered for sale with the space reported as 100% leased.
Key Highlights
- Single‑tenant Telemecanique Sensor Competency Center offers 32,235 SF in Light Industrial space
- 100% leased with a stated 10.11% cap rate; building offered for $3,790,000
- Office‑forward renovated layout with corporate conference and upscale office spaces plus flexible rear production/R&D space
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
$287,427
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
8.24%
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%
$5,748,540
$5.7M
Cap Rate 7%
$4,106,100
$4.1M
Cap Rate 9%
$3,193,633
$3.2M
Market Conditions
NOI Build-Up for 32,235 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
$425.5K $13.20/SF
− Vacancy
−$14.9K −$0.46/SF
EGI
$410.6K $12.74/SF
− OpEx
−$123.2K −$3.82/SF
NOI
$287.4K $8.92/SF
Area
Dayton, OH
Vacancy
3.50%
Lease Rate
$13.20 /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%
$5,748,540
Cap Rate 7%
$4,106,100
Cap Rate 9%
$3,193,633
Alternative Uses
Best Use
Flex RnD
$4.78M
$4.18M – $5.57M
NOI $334,406 @ 7.0% cap · market cap 9.58%
Second Best
Industrial
$4.11M
$3.59M – $4.79M
NOI $287,427 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$6.87M
$6.01M – $8.01M
NOI $480,895 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45420, OH
25,045
Population
12,391
Households
2
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,913
Density / Sq Mi
$56,670
Median Household Income
$41,156
Median Earnings
$918
Median Rent
$116,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex/industrial facility with office-forward layout, four overhead doors, and 80 parking spaces, 100% leased.
Where is this flex space located?
The property is located at 1875 Founders Dr Dayton, OH.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Single‑tenant Telemecanique Sensor Competency Center offers 32,235 SF in Light Industrial space; 100% leased with a stated 10.11% cap rate; building offered for $3,790,000; Office‑forward renovated layout with corporate conference and upscale office spaces plus flexible rear production/R&D space
