Flex Space with
For Sale
Contact for pricing
2315 Stanley Avenue, Dayton, OH 45404
Office and warehouse areas, security cameras, and a rear grade-level door support flexible commercial operations.
Property Size3,204 SF
Lot Size0.38 Acres
Price / SF$132.65
Days on Market46
Property Features for 2315 Stanley Avenue
General Information
Standard status
Active
Size
3,204 SF
Lot size
0.38 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
924 SF
Office Build-Out
2,280 SF
Drive-In Doors
1
Three-Phase Power
Yes
Amenities
security cameras
break area
shower
water filter system
Building Details
Year Built
1963
Year Renovated
2019
Stories
1
Building Size
3,204 SF
Listing Agency:
Equity LLC Dayton
Listed By:
Tracey Herron · License #OH SAL.0000446465
(937) 228-0155
Source:
Crexi
Added: Aug 1
Changed: Sep 15
Last Checked: Sep 15 at 7:45AM
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 Equity LLC Dayton
Investment Insights
Based on property information with market context.
This 3,204-square-foot flex property combines 2,280 square feet of office space with a 924-square-foot rear warehouse area that can be expanded for additional warehouse use. The building includes two restrooms, a break area, a shower, a water filter system, security cameras, and one rear grade-level garage door. Office ceilings measure 8 feet, while the warehouse ranges from 10 to 12 feet. Three-phase power supports commercial and light industrial functions.
Constructed in 1963 on 0.384 acres, the property received a new roof on 12/31/2019 with a 20-year warranty. It is located at 2315 Stanley Ave in Dayton, Ohio, one mile from I-75 at Stanley Avenue Exit 56 and one-quarter mile from S.R. 4. A lighted building sign with a timer provides identification along Stanley Avenue.
Constructed in 1963 on 0.384 acres, the property received a new roof on 12/31/2019 with a 20-year warranty. It is located at 2315 Stanley Ave in Dayton, Ohio, one mile from I-75 at Stanley Avenue Exit 56 and one-quarter mile from S.R. 4. A lighted building sign with a timer provides identification along Stanley Avenue.
Key Highlights
- 3,204 SF flex property on 0.384 acres
- 2,280 SF office area plus 924 SF rear warehouse
- Rear warehouse can be expanded for additional warehouse use
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
$34,691
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
8.16%
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%
$693,820
$693.8K
Cap Rate 7%
$495,586
$495.6K
Cap Rate 9%
$385,456
$385.5K
Market Conditions
NOI Build-Up for 3,204 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
$42.3K $13.20/SF
− Vacancy
−$1.5K −$0.46/SF
EGI
$40.8K $12.74/SF
− OpEx
−$6.1K −$1.91/SF
NOI
$34.7K $10.83/SF
Area
Dayton, OH
Vacancy
3.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$693,820
Cap Rate 7%
$495,586
Cap Rate 9%
$385,456
Alternative Uses
Best Use
Warehouse
$495.6K
$433.6K – $578.2K
NOI $34,691 @ 7.0% cap · market cap 8.16%
Second Best
Flex RnD
$474.8K
$415.5K – $554.0K
NOI $33,238 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$682.8K
$597.5K – $796.7K
NOI $47,799 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45404, OH
10,730
Population
4,846
Households
2.2
Avg Household Size
35
Median Age
9%
College-Educated
84%
High-School Grad
7.6 sq mi
ZIP Area
1,412
Density / Sq Mi
$35,286
Median Household Income
$22,529
Median Earnings
$871
Median Rent
$82,400
Median Home Value
Check the figures for this property
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 - Office and warehouse areas, security cameras, and a rear grade-level door support flexible commercial operations.
Where is this flex space located?
The property is located at 2315 Stanley Avenue Dayton, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,204 SF flex property on 0.384 acres; 2,280 SF office area plus 924 SF rear warehouse; Rear warehouse can be expanded for additional warehouse use
