Move-in Ready Kettering Office
For Sale
Contact for pricing
Pending
305 E Stroop Rd, Kettering, OH 45429
Updated office building in prime location with ample parking.
Property Size2,509 SF
Lot Size0.21 Acres
Days on Market237
Property Features for 305 E Stroop Rd
General Information
Standard status
Pending
Size
2,509 SF
Class
C
Lot size
0.21 Acres
Property subtype
Office
Zoning
Office
Investment Type
Owner/User
Building Details
Year Renovated
2020
Stories
1
Tenancy
Single
Listing Agency:
Crest Commercial Realty
Listed By:
Nick Miller-Jacobson · License #SAL.2021005738
(937) 631-6261
Source:
Crexi
Added: Feb 10
Changed: Oct 3
Last Checked: Oct 4 at 8:14AM
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 Crest Commercial Realty
Investment Insights
Based on property information with market context.
This move-in ready office building is located in Kettering. The property features over $50,000 in updates. The building offers a light and bright interior with neutral decor and windows throughout. An updated kitchen and finished attic provide ample storage space. The property includes a newer HVAC system. In 2020, the asphalt parking lot was newly paved and resealed in 2023. Ample parking is available in both the front and rear of the building. The property benefits from excellent visibility and prominent signage. It is suitable for a small business. The building has 2,509 square feet of space on a 0.21-acre lot. The Parcel ID is N64 00603 0028.
Key Highlights
- Prime Kettering location with excellent visibility and prominent signage.
- Move‑in ready office building with over $50K in updates.
- Ample parking in front and rear of building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,681
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,620
$413.6K
Cap Rate 7%
$295,443
$295.4K
Cap Rate 9%
$229,789
$229.8K
Market Conditions
NOI Build-Up for 2,509 SF
Gross rent
$35.2K $14.04/SF
− Vacancy
−$7.7K −$3.05/SF
EGI
$27.6K $10.99/SF
− OpEx
−$6.9K −$2.75/SF
NOI
$20.7K $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 Rate 5%
$413,620
Cap Rate 7%
$295,443
Cap Rate 9%
$229,789
Alternative Uses
Best Use
Office B
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.73M
$20.76M – $27.69M
NOI $1,661,126 @ 7.0% cap · market cap 725.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 45429, OH
26,514
Population
12,806
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,678
Density / Sq Mi
$77,291
Median Household Income
$44,920
Median Earnings
$1,007
Median Rent
$221,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Updated office building in prime location with ample parking.
Where is this office building located?
The property is located at 305 E Stroop Rd Kettering, OH.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Prime Kettering location with excellent visibility and prominent signage.; Move‑in ready office building with over $50K in updates.; Ample parking in front and rear of building.
