Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space Available for Rent Title is generated by Realmo AI

    305 S Market St, Troy, OH 45373

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office property with 5071 square feet available for rent.

    Type:office
    Property size:
    5,071 SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 14 at 8:22 pm

    Property Features for 305 S Market St

    General Information

    Standard status
    Active
    Size
    5,071 SF
    Property subtype
    office

    Spaces For Lease

    at 305 S Market St Contact us

    We can help!

    Listing Contact
    Bill Poffenberger

    Listing agent Bill Poffenberger License #197070

    Listing office Cincinnati

    Listing date Apr 15, 2026

    Source Property.jll

    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 Cincinnati

    HighLights

    • Please call 1‑866‑830‑4284 for additional information on this property.
    • Property ID: 388323‑G01
    • Neither the US Postal Service (USPS), nor Jones Lang LaSalle Americas, Inc. (JLL) shall pay cooperating brokerage commissions.
    • Tenant / Buyer Brokers shall seek commission compensation, if any, from the Tenant / Buyer only.

    Overview

    This commercial real estate property offers 5071 square feet of office space available for rent. Please contact 1-866-830-4284 for further details regarding this property.
    Location Intelligence

    Current Use by Public Records

    Handsome After Haircut Barber Shop Miami County Humane ... Animal Shelter Valpak of Troy Advertising Agency United States Postal ... Logistics Service Landcare Solutions Landscaping

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Winner's Computer — 114 S Market St, Troy, OH 45373
    • East Main Technology Inc — 924 E Main St, Troy, OH 45373

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.2055437
    Latitude
    40.0363411

    Nearby Similar for Lease

    • $2,300/Mo
      1,900 SF

      Updated Suites in Prime Location

      Updated office suites available for lease in a convenient location.
      1569 Mckaig Ave, Troy, OH
      View Details
    • Contact for pricing
      4,880 SF

      Office Space Available For Rent

      Office spaces available, ranging from 150 to 4,880 SqFt.
      312 W Main St, Troy, OH 45373
      View Details
    • $7 SF/Yr
      6,789 SF

      Industrial Space with I-75 Visibility

      6,789 SF industrial space with office and highway access.
      974 S Dorset Rd, Troy, OH
      View Details
    • $16 SF/Yr
      1,400 SF

      Retail Space on West Main

      Retail space available for lease on West Main Street.
      2315-2317 W Main St, Troy, OH
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space in Troy Towne

      1,720 SF available in premier Troy shopping center.
      1801 W Main St, Troy, OH
      View Details
    • Contact for pricing
      6,789 SF

      Industrial Space with I-75 Visibility

      6,789 SF industrial space available with I-75 visibility.
      952 South Dorset Road, Troy, OH, 45373
      View Details
    • $3,500/Mo
      5,000 SF

      Industrial Building Near I-75

      5,000 SF industrial building with dock and drive-ins for rent.
      645 Olympic Dr, Troy, OH
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available for rent.
      1420 West Main Street, Troy, OH, 45373
      View Details
    • Contact for pricing
      1,064 SF

      Retail Space in Troy, Ohio

      Single tenant retail space available for rent in Troy.
      7 E Water St, Troy, OH 45373
      View Details
    • Contact for pricing

      Westbrook Two Bedroom Duplex

      Two-bedroom duplex with garage, fenced yard, and included appliances.
      920 N Dorset Road #920, Troy, OH 45373
      View Details
    • $9 SF/Yr

      Downtown Troy Retail Space

      Remodeled retail space in historic mixed-use building.
      107 W Main St, Troy, OH 45373
      View Details
    • $10 SF/Yr

      Retail/Office/Industrial Space For Lease

      Retail, office, and industrial spaces available for lease.
      1275 Experiment Farm Rd, Troy, OH 45373
      View Details

    FAQs

    What type of property is this?
    Office space - Office property with 5071 square feet available for rent.
    Where is this office space located?
    The property is located at 305 S Market St Troy, OH.
    What are key features of this property?
    This property features: Please call 1‑866‑830‑4284 for additional information on this property.; Property ID: 388323‑G01; Neither the US Postal Service (USPS), nor Jones Lang LaSalle Americas, Inc. (JLL) shall pay cooperating brokerage commissions.
    (502) 426-1300
    We can help!
    Listing Contact
    Bill Poffenberger
    Real Estate License ID: 197070
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    305 S Market St, Troy, OH 45373
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!