Listing Agency: CBRE | Dayton

Listed By: Patrick Hewitt Show Phone

Source: Cbre

Added: Apr 15 Changed: Oct 25 Last Checked: Nov 1 at 4:13AM

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Investment Insights

Based on property information with market context.

This industrial property, located in Spring Valley, Ohio, offers a total area of 13,500 square feet. The property is available for sale.

Key Highlights

• Industrial property available for sale.
• Located in Spring Valley, Ohio.
• (Further details needed to determine remaining selling points)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,494

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,669,880 $1.7M

Cap Rate 7%

$1,192,771 $1.2M

Cap Rate 9%

$927,711 $927.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,500 SF

Gross rent

$128.0K $9.48/SF

− Vacancy

−$8.7K −$0.64/SF

EGI

$119.3K $8.84/SF

− OpEx

−$35.8K −$2.65/SF

NOI

$83.5K $6.18/SF

Area

Greene County, OH

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,669,880

Cap Rate 7%

$1,192,771

Cap Rate 9%

$927,711

Alternative Uses

Best Use

Industrial

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,494 @ 7.0% cap · market cap 8.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,685 @ 7.0% cap · market cap 18.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

PLASCO, Inc. Industrial Manufacturer

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Building Supply Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 45370, OH

2,379

Population

1,009

Households

2.4

Avg Household Size

48

Median Age

41%

College-Educated

94%

High-School Grad

16.7 sq mi

ZIP Area

142

Density / Sq Mi

$105,625

Median Household Income

$48,914

Median Earnings

$937

Median Rent

$318,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Turn-key Bar & Grille Opportunity

13 W Main St, Spring Valley, OH 45370

$1,290,000

7,124 SF

View details

Mixed-Use Building With Residential Units

17 W Main St, Spring Valley, OH 45370

$699,000

6,084 SF

View details

Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for sale in Spring Valley, Ohio.

Where is this industrial property located?

The property is located at 2408 Darnell Drive Spring Valley, OH.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: Industrial property available for sale.; Located in Spring Valley, Ohio.; (Further details needed to determine remaining selling points)