Restaurant Property with
For Sale
Contact for pricing
2861 Wilmington Pike, Dayton, OH
Second-generation restaurant with drive-thru and ample parking.
Property Size5,502 SF
Lot Size1.38 Acres
Price / SF$363.50
Days on Market333
Property Features for 2861 Wilmington Pike
General Information
Standard status
Active
Size
5,502 SF
Lot size
1.38 Acres
Property subtype
RETAIL
Listing Agency:
OnSite Retail Group
(513) 382-5413
Listed By:
Zamaris M Garcia · License #OH 74368
(513) 382-5413
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Jul 6
Last Checked: Aug 8 at 6:19AM
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 OnSite Retail Group
Investment Insights
Based on property information with market context.
This second-generation restaurant property features a drive-thru and valuable monument signage. The site benefits from abundant on-site parking and a signalized intersection. The location at 2861 Wilmington Pike, Dayton, OH 45419, offers close proximity to a variety of retailers. Traffic counts on Wilmington Pike are approximately 21,399 ADT. Demographics for the year 2025 include estimated population, median income, average household income, and daytime population.
Key Highlights
- 2nd Generation Restaurant Property with Drive‑Thru
- Abundant On‑Site Parking
- Valuable Monument Signage Available
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
$61,605
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
3.08%
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%
$1,232,100
$1.2M
Cap Rate 7%
$880,071
$880.1K
Cap Rate 9%
$684,500
$684.5K
Market Conditions
NOI Build-Up for 5,502 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
$85.8K $15.60/SF
− Vacancy
−$3.7K −$0.67/SF
EGI
$82.1K $14.93/SF
− OpEx
−$20.5K −$3.73/SF
NOI
$61.6K $11.20/SF
Area
Dayton, OH
Vacancy
4.30%
Lease Rate
$15.60 /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%
$1,232,100
Cap Rate 7%
$880,071
Cap Rate 9%
$684,500
Alternative Uses
Best Use
Specialty Retail
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$741.6K
$648.9K – $865.2K
NOI $51,911 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,081 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant with drive-thru and ample parking.
Where is this drive through restaurant located?
The property is located at 2861 Wilmington Pike Dayton, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 2nd Generation Restaurant Property with Drive‑Thru; Abundant On‑Site Parking; Valuable Monument Signage Available
