Class A Office Space
For Sale
Contact for pricing
3075 Governors Place Blvd, Kettering, OH 45409
4,659± SF Class A office space for sale.
Property Size4,659 SF
Price / SF$106.25
Days on Market992
Property Features for 3075 Governors Place Blvd
General Information
Standard status
Active
Size
4,659 SF
Class
A
Property subtype
Office
Lease Type
NNN
Listing Agency:
Apex Commercial Group, LLC
Listed By:
Joe Krug · License #OH
Source:
Crexi
Added: Jan 17, 2024
Changed: Sep 25
Last Checked: Oct 4 at 10:16AM
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 Apex Commercial Group, LLC
Investment Insights
Based on property information with market context.
This property offers 4,659 square feet of Class A office space. It is located on Governors Place Boulevard in Kettering, Ohio.
Key Highlights
- Class A office space
- 4,659± SF available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,404
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,080
$768.1K
Cap Rate 7%
$548,629
$548.6K
Cap Rate 9%
$426,711
$426.7K
Market Conditions
NOI Build-Up for 4,659 SF
Gross rent
$65.4K $14.04/SF
− Vacancy
−$14.2K −$3.05/SF
EGI
$51.2K $10.99/SF
− OpEx
−$12.8K −$2.75/SF
NOI
$38.4K $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%
$768,080
Cap Rate 7%
$548,629
Cap Rate 9%
$426,711
Alternative Uses
Best Use
Office B
$548.6K
$480.1K – $640.1K
NOI $38,404 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.07M
$38.56M – $51.41M
NOI $3,084,570 @ 7.0% cap · market cap 623.15%
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
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 45409, OH
12,392
Population
3,458
Households
3.6
Avg Household Size
25
Median Age
65%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
3,349
Density / Sq Mi
$84,000
Median Household Income
$7,054
Median Earnings
$1,055
Median Rent
$230,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - 4,659± SF Class A office space for sale.
Where is this office units located?
The property is located at 3075 Governors Place Blvd Kettering, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Class A office space; 4,659± SF available
