Recently Renovated Office
For Sale
Contact for pricing
2570 Technical Dr, Miamisburg, OH 45342
Recently renovated office building offers a large parking area on-site.
Property Size9,942 SF
Price / SF$135.79
Days on Market71
Property Features for 2570 Technical Dr
General Information
Standard status
Active
Size
9,942 SF
Property subtype
OFFICE
Amenities
Large parking area
Listing Agency:
KW Northern Kentucky Commercial
(859) 652-4662
Listed By:
Derrick Plunkett · License #219608
(859) 620-5830
Source:
Moodyscre
Added: Jun 29
Changed: Aug 15
Last Checked: Sep 7 at 8:01AM
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 KW Northern Kentucky Commercial
Investment Insights
Based on property information with market context.
This recently renovated office building provides a practical work environment with an on-site large parking area. The property is offered for sale.
Located at 2570 Technical Dr in Miamisburg, OH, the building’s configuration is supported by the availability of substantial parking.
The offering includes a building size of 9,942 square feet, making it suitable for office tenants seeking dedicated space within a property that has been updated and supports convenient parking.
Located at 2570 Technical Dr in Miamisburg, OH, the building’s configuration is supported by the availability of substantial parking.
The offering includes a building size of 9,942 square feet, making it suitable for office tenants seeking dedicated space within a property that has been updated and supports convenient parking.
Key Highlights
- Recently renovated office building
- Large on‑site parking area
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
$81,951
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
6.07%
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%
$1,639,020
$1.6M
Cap Rate 7%
$1,170,729
$1.2M
Cap Rate 9%
$910,567
$910.6K
Market Conditions
NOI Build-Up for 9,942 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
$139.6K $14.04/SF
− Vacancy
−$30.3K −$3.05/SF
EGI
$109.3K $10.99/SF
− OpEx
−$27.3K −$2.75/SF
NOI
$82.0K $8.24/SF
Area
Montgomery County, OH
Vacancy
21.72%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,639,020
Cap Rate 7%
$1,170,729
Cap Rate 9%
$910,567
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.37M
NOI $81,951 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$94.03M
$82.28M – $109.70M
NOI $6,582,270 @ 7.0% cap · market cap 487.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 45342, OH
37,508
Population
15,818
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
94%
High-School Grad
34.3 sq mi
ZIP Area
1,094
Density / Sq Mi
$83,936
Median Household Income
$48,533
Median Earnings
$1,247
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building offers a large parking area on-site.
Where is this office building located?
The property is located at 2570 Technical Dr Miamisburg, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Recently renovated office building; Large on‑site parking area
