Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Office Building on Large Lot Title is generated by Realmo AI

    3385 Newmark Dr, Miamisburg, OH 45342

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6.78-acre lot with ample parking and professional office finishes.

    Type:Office
    Property size:
    68,000 SF
    Lot size:
    6.78 Acres
    Added:
    Mar 2, 2022
    Days on Market:
    1542
    Last Refresh:
    May 12 at 9:05 pm

    Property Features for 3385 Newmark Dr

    General Information

    Standard status
    Active
    Size
    68,000 SF
    Lot size
    6.78 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Stewart Devitt

    Listing agent Stewart Devitt License #OH SAL.0000351035

    Listing office Lee & Associates - Cincinnati

    Listing date Mar 2, 2022

    Source Crexi

    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 Lee & Associates - Cincinnati

    HighLights

    • Oversized 6.78 Acre Lot
    • Ample Parking available for staff and visitors.
    • Excellent visibility from Newmark Drive
    • Professional Office Finishes throughout.
    • Large windows with 10’ ceilings create a bright and airy workspace.
    • Built in 1986.

    Overview

    This commercial property features a 68,000-square-foot office building situated on an oversized 6.78-acre lot. The building includes large windows and 10-foot ceilings. Professional office finishes are present throughout the space. The property benefits from excellent visibility from Newmark Drive, offering a prominent location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Postal Service PNC BANK Atm PNC MORTGAGE (Building ... Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Miamisburg
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2227965
    Latitude
    39.621039

    Nearby Similar for Sale

    • $1,950,000
      3,265 SF

      Burger King NNN Investment Opportunity

      NNN Burger King with 11 years remaining on lease.
      1244 E Central Ave, Miamisburg, OH 45342
      View Details
    • $1,350,000
      9,942 SF

      Versatile Building in Prime Location

      9942 SF building suitable for medical, office, daycare, elderly care.
      2570 Technical Drive, Miamisburg, OH 45342
      View Details
    • $4,900,000
      5,000 SF

      Miamisburg Business Flex Space

      5,000 SF flex space in Miami Township for lease.
      8555 Gander Creek Dr, Miamisburg, OH
      View Details
    • $875,000
      3,139 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and prominent signage opportunities.
      2948 Miamisburg Centerville Rd, Miamisburg, OH 45459
      View Details
    • $275,000
      5,688 SF

      Miamisburg Freestanding Commercial Building

      Versatile 5,688 SF building suitable for various business uses.
      1003 North Main Street, Miamisburg, OH 45342
      View Details
    • $750,000
      4,919 SF

      Mixed-Use Building in Historic District

      Renovated mixed-use property in Downtown Miamisburg's CBD Historic District.
      22 S Main St, Miamisburg, OH
      View Details
    • $450,000
      1,643 SF

      Office/Retail Space with Storage

      Spacious office/retail space featuring storage, new flooring, and fresh paint.
      46-50 S 1st St, Miamisburg, OH
      View Details
    • $2,675,000
      10,640 SF

      Dollar General Market For Sale

      New construction Dollar General Market on 1.25-acre parcel.
      10259 Byers Rd, Miamisburg, OH 45342
      View Details
    • $650,000
      5,800 SF

      Unique Industrial Property with History

      Unique commercial/industrial building with historical significance on 5.5 acres.
      790 Enterprise Ct, Miamisburg, OH
      View Details
    • $675,000

      Miamisburg Office Building For Sale

      Office building in Miamisburg with 11 offices and 28 parking spaces.
      24 E Linden Ave, Miamisburg, OH
      View Details
    • $1,999,000
      31,200 SF

      Miamisburg Flex Space For Sale

      31,200 SF flex space in Miamisburg, Ohio.
      521 Byers Rd, Miamisburg, OH
      View Details
    • $12,950,000
      117,410 SF

      Miamisburg Retail Property for Sale

      Retail property available for purchase in Miamisburg, Ohio.
      8341 N Springboro Pike, Miamisburg, OH
      View Details

    FAQs

    What type of property is this?
    Office building - 6.78-acre lot with ample parking and professional office finishes.
    Where is this office building located?
    The property is located at 3385 Newmark Dr Miamisburg, OH.
    What are key features of this property?
    This property features: Oversized 6.78 Acre Lot; Ample Parking available for staff and visitors.; Excellent visibility from Newmark Drive
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stewart Devitt
    Real Estate License ID: OH SAL.0000351035
    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
    3385 Newmark Dr, Miamisburg, OH 45342
    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!