Retail Space with Drive-Thru
For Sale
Contact for pricing
2074-2092 S Alex Rd, Dayton, OH 45449
Drive-thru retail space with canopy and ample parking, offering 2,000 or 4,000 square feet available along the Dayton Mall corridor.
Property Size4,000 SF
Price / SF$198.75
Days on Market72
Property Features for 2074-2092 S Alex Rd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
RETAIL
Lease Type
NNN
Amenities
Drive-Thru Canopy
Listing Agency:
Schueler Group Henkle-Schueler, REALTORS
(513) 932-6010
Listed By:
Mark Langdon
(937) 673-1916
Source:
Moodyscre
Added: Jul 3
Changed: Sep 7
Last Checked: Sep 11 at 5:25AM
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 Schueler Group Henkle-Schueler, REALTORS
Investment Insights
Based on property information with market context.
Available for sale with 2,000 SF or 4,000 SF of retail space, this storefront opportunity includes a drive-thru canopy and ample parking. The configuration supports convenient customer flow for retail uses that benefit from off-site pickup or drive-through service.
The property is positioned in the Dayton Mall corridor with heavy traffic counts. It is also approximately 0.5 miles from Kettering Health Miamisburg Hospital, with significant residential nearby.
For availability and lease terms, interested parties should contact the listing broker. A NNN structure is noted, and the seller has listed an indicated lease rate range.
The property is positioned in the Dayton Mall corridor with heavy traffic counts. It is also approximately 0.5 miles from Kettering Health Miamisburg Hospital, with significant residential nearby.
For availability and lease terms, interested parties should contact the listing broker. A NNN structure is noted, and the seller has listed an indicated lease rate range.
Key Highlights
- Drive‑thru retail space available at 2,000 SF or 4,000 SF
- Located in the Dayton Mall corridor
- Lease rate is $14.00-$16.00 NNN
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
$37,740
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
4.75%
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%
$754,800
$754.8K
Cap Rate 7%
$539,143
$539.1K
Cap Rate 9%
$419,333
$419.3K
Market Conditions
NOI Build-Up for 4,000 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
$57.6K $14.40/SF
− Vacancy
−$3.7K −$0.92/SF
EGI
$53.9K $13.48/SF
− OpEx
−$16.2K −$4.04/SF
NOI
$37.7K $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%
$754,800
Cap Rate 7%
$539,143
Cap Rate 9%
$419,333
Alternative Uses
Best Use
Retail
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.5K
$745.9K – $994.6K
NOI $59,674 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 45449, OH
18,976
Population
8,859
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
2,791
Density / Sq Mi
$60,303
Median Household Income
$41,613
Median Earnings
$984
Median Rent
$147,700
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 - Drive-thru retail space with canopy and ample parking, offering 2,000 or 4,000 square feet available along the Dayton Mall corridor.
Where is this retail space located?
The property is located at 2074-2092 S Alex Rd Dayton, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Drive‑thru retail space available at 2,000 SF or 4,000 SF; Located in the Dayton Mall corridor; Lease rate is $14.00-$16.00 NNN
