Building Details

Building Size 24,960 SF

Year Built 1975

Units 76

Listing Agency: Matthews

Listed By: Luke Whittaker · License #02185614 (CA) Show Phone

Source: Matthews

Added: Apr 10 Changed: Oct 5 Last Checked: Oct 14 at 7:33PM

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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 Matthews

Investment Insights

Based on property information with market context.

The Knights Inn is a hotel property with 80 keys. The asset is located at 2450 Dryden Rd, Moraine, OH 45439, and is offered for sale.

Key Highlights

• 80‑key hotel property
• Knights Inn hotel asset
• 2450 Dryden Rd, Moraine, OH 45439

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$166,218

Cap Rate

4.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,324,360 $3.3M

Cap Rate 7%

$2,374,543 $2.4M

Cap Rate 9%

$1,846,867 $1.8M

Market Conditions

NOI Build-Up for 24,960 SF

Gross rent

$428.3K $17.16/SF

− Vacancy

−$78.4K −$3.14/SF

EGI

$349.9K $14.02/SF

− OpEx

−$183.7K −$7.36/SF

NOI

$166.2K $6.66/SF

Area

Montgomery County, OH

Vacancy

18.30%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,324,360

Cap Rate 7%

$2,374,543

Cap Rate 9%

$1,846,867

Alternative Uses

Best Use

Hotel Hospitality

$2.37M

$2.08M – $2.77M (±1% cap)

NOI $166,218 @ 7.0% cap · market cap 4.21%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$236.07M

$206.56M – $275.42M (±1% cap)

NOI $16,525,192 @ 7.0% cap · market cap 418.36%

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

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Dental Office Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Pharmacy Cafe & Coffee Shop

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

364

Businesses Nearby

Explore this area Business Placement

Demographics for 45439, OH

11,726

Population

5,290

Households

2.2

Avg Household Size

39

Median Age

17%

College-Educated

88%

High-School Grad

7.8 sq mi

ZIP Area

1,503

Density / Sq Mi

$47,788

Median Household Income

$32,995

Median Earnings

$1,001

Median Rent

$120,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Hotel - Hospitality asset with guest-room accommodations.

Where is this hotel located?

The property is located at 2450 Dryden Rd Moraine, OH.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: 80‑key hotel property; Knights Inn hotel asset; 2450 Dryden Rd, Moraine, OH 45439