Properties For Sale

at 2515 Far Hills Ave

2515 Far Hills Ave AVAILABLE, Now

Floor Bldg

Size 4,203 SF

Type RETAIL

Sublease No

• Rare Restaurant Space located in “Downtown Oakwood” • 4,203 SF Freestanding Restaurant with roof top outdoor patio! • Occupancy 115 plus 25 for outside patio • Free parking spots in back and in front • New HVAC and Water Heater within the last three years • FF&E available– exhaust hood, sinks, cooler, furniture

Contact us

Listing Agency: Equity | Dayton Show Phone

Listed By: Kelly Gray Show Phone

Source: Moodyscre

Added: Mar 26 Changed: Sep 10 Last Checked: Oct 14 at 11:43PM

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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 Equity | Dayton

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Investment Insights

Based on property information with market context.

This property, located at 2515 Far Hills Avenue in Oakwood, Ohio, is available for lease. It is suitable for retail purposes, including restaurants and other commercial real estate ventures.

Key Highlights

• For Lease

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,371

Cap Rate

6.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,047,420 $1.0M

Cap Rate 7%

$748,157 $748.2K

Cap Rate 9%

$581,900 $581.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,203 SF

Gross rent

$75.7K $18.00/SF

− Vacancy

−$5.8K −$1.39/SF

EGI

$69.8K $16.61/SF

− OpEx

−$17.5K −$4.15/SF

NOI

$52.4K $12.46/SF

Area

Montgomery County, OH

Vacancy

7.70%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,047,420

Cap Rate 7%

$748,157

Cap Rate 9%

$581,900

Alternative Uses

Best Use

Specialty Retail

$748.2K

$654.6K – $872.9K (±1% cap)

NOI $52,371 @ 7.0% cap · market cap 6.55%

Second Best

Retail

$698.3K

$611.0K – $814.7K (±1% cap)

NOI $48,880 @ 7.0% cap · market cap 6.12%

Theoretical Best

Multifamily LT 5

$39.75M

$34.78M – $46.38M (±1% cap)

NOI $2,782,668 @ 7.0% cap · market cap 348.27%

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

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Restaurant Dental Office Law Firm Hair Salon Real Estate Agency Big Box & Wholesale 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

427

Businesses Nearby

Explore this area Business Placement

Demographics for 45419, OH

16,236

Population

7,480

Households

2.2

Avg Household Size

38

Median Age

57%

College-Educated

97%

High-School Grad

3.7 sq mi

ZIP Area

4,388

Density / Sq Mi

$85,876

Median Household Income

$50,849

Median Earnings

$1,006

Median Rent

$237,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail property - Retail space available for lease in Oakwood, Ohio.

Where is this retail property located?

The property is located at 2515 Far Hills Ave Oakwood, OH.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: For Lease