Beavercreek Storefront
For Sale
$1,970,000
2453 Esquire Drive, Beavercreek, OH 45431
Storefront property located in Beavercreek, Ohio.
Property Size5,838 SF
Days on Market158
Property Features for 2453 Esquire Drive
General Information
Standard status
Active
Size
5,838 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
5,838 SF
Year Built
2003
Year Renovated
2018
Listing Agency:
Encore Real Estate Investment Services
(248) 970-2648
Listed By:
Nick Yaldo · License #6501447447
Source:
Commercialcafe
Added: Mar 27
Changed: Aug 31
Last Checked: Aug 31 at 12:16AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This storefront property is located at 2453 Esquire Drive in Beavercreek, Ohio. The building was constructed in 2003, providing an established commercial structure within the Beavercreek market.
Beavercreek is in Greene County and forms part of the Dayton metropolitan area. The property’s storefront classification supports consideration for retail-oriented commercial use, subject to applicable approvals and site-specific requirements.
Beavercreek is in Greene County and forms part of the Dayton metropolitan area. The property’s storefront classification supports consideration for retail-oriented commercial use, subject to applicable approvals and site-specific requirements.
Key Highlights
- Storefront property at 2453 Esquire Drive, Beavercreek, OH 45431
- Constructed in 2003
- Located in Greene County, Ohio
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
$55,081
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
2.80%
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%
$1,101,620
$1.1M
Cap Rate 7%
$786,871
$786.9K
Cap Rate 9%
$612,011
$612.0K
Market Conditions
NOI Build-Up for 5,838 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
$84.1K $14.40/SF
− Vacancy
−$5.4K −$0.92/SF
EGI
$78.7K $13.48/SF
− OpEx
−$23.6K −$4.04/SF
NOI
$55.1K $9.43/SF
Area
Greene County, 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%
$1,101,620
Cap Rate 7%
$786,871
Cap Rate 9%
$612,011
Alternative Uses
Best Use
Retail
$786.9K
$688.5K – $918.0K
NOI $55,081 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.10M
$960.5K – $1.28M
NOI $76,839 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45431, OH
26,660
Population
12,888
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
11.7 sq mi
ZIP Area
2,279
Density / Sq Mi
$80,058
Median Household Income
$50,243
Median Earnings
$1,302
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property located in Beavercreek, Ohio.
Where is this storefront property located?
The property is located at 2453 Esquire Drive Beavercreek, OH.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: Storefront property at 2453 Esquire Drive, Beavercreek, OH 45431; Constructed in 2003; Located in Greene County, Ohio
