Multi-Unit Storefront
New
For Sale
Contact for pricing
3051 Rodenbeck Dr, Beavercreek, OH 45432
Flexible commercial layout includes a basement and dedicated paved parking.
Property Size3,320 SF
Price / SF$120.18
Days on Market4
Property Features for 3051 Rodenbeck Dr
General Information
Standard status
Active
Size
3,320 SF
Total Parking Spaces
22
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
Collins Real Estate Services
(937) 313-6793
Listed By:
Michelle L Collins
(937) 313-6793
Source:
Moodyscre
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 17 at 1:57PM
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 Collins Real Estate Services
Investment Insights
Based on property information with market context.
This storefront property is arranged as three separate units totaling approximately 3,320 square feet. The building also includes a basement that adds storage or supplemental use area. Two units are occupied by long-term tenants, while one unit is currently vacant. A paved parking lot provides 22 spaces for the property. The asset is located at 3051 Rodenbeck Dr in Beavercreek, Ohio 45432.
Key Highlights
- Three separate commercial units within approximately 3,320 square feet
- Two units occupied by long‑term tenants; one unit is vacant
- Basement provides additional storage or potential use 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
$31,324
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
7.85%
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%
$626,480
$626.5K
Cap Rate 7%
$447,486
$447.5K
Cap Rate 9%
$348,044
$348.0K
Market Conditions
NOI Build-Up for 3,320 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
$47.8K $14.40/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$44.7K $13.48/SF
− OpEx
−$13.4K −$4.04/SF
NOI
$31.3K $9.43/SF
Area
Greene County, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$626,480
Cap Rate 7%
$447,486
Cap Rate 9%
$348,044
Alternative Uses
Best Use
Retail
$447.5K
$391.6K – $522.1K
NOI $31,324 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$624.2K
$546.2K – $728.3K
NOI $43,697 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
PNC Bank
Shops & Services
5,381 visits/mo
0.0 miles
Papa John's Pizza
Dining
4,068 visits/mo
0.1 miles
Demographics for 45432, OH
15,105
Population
6,715
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
2,127
Density / Sq Mi
$83,323
Median Household Income
$47,428
Median Earnings
$871
Median Rent
$181,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Kroger Floral Department — 3165 Dayton Xenia Rd, Beavercreek, OH 45434
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout includes a basement and dedicated paved parking.
Where is this storefront property located?
The property is located at 3051 Rodenbeck Dr Beavercreek, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three separate commercial units within approximately 3,320 square feet; Two units occupied by long‑term tenants; one unit is vacant; Basement provides additional storage or potential use area
