Updated Flex Space with
New
For Sale
$499,986
3404 Successful Way, Dayton, OH 45414
Flexible commercial layout combines private offices, presentation space, and secured parking for a range of business operations.
Property Size2,456 SF
Days on Market2
Property Features for 3404 Successful Way
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Other Industrial
Amenities
5 offices
kitchenette
workroom/garage area
lobby
conference room
Building Details
Building Size
2,456 SF
Year Built
1979
Listing Agency:
RIOsource Group
(937) 206-1925
Listed By:
Douglas Klang
(937) 206-1925
Source:
Thebrokerlist
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 7:07AM
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 RIOsource Group
Investment Insights
Based on property information with market context.
This flex property at 3404 Successful Way in Dayton, Ohio, was built in 1979 and has been updated for immediate occupancy. The interior includes five offices, a lobby, conference room, kitchenette, and workroom with garage area, creating a combination of administrative and functional space within one building.
Parking includes secured spaces on the property along with additional public parking spaces. The configuration supports office, showroom, and light industrial uses as described, with separate areas for meetings, daily administration, and work-related activities.
Parking includes secured spaces on the property along with additional public parking spaces. The configuration supports office, showroom, and light industrial uses as described, with separate areas for meetings, daily administration, and work-related activities.
Key Highlights
- Five offices with lobby and conference room
- Workroom includes a garage area
- Kitchenette supports daily workplace operations
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
$25,479
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
5.10%
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%
$509,580
$509.6K
Cap Rate 7%
$363,986
$364.0K
Cap Rate 9%
$283,100
$283.1K
Market Conditions
NOI Build-Up for 2,456 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
$41.3K $16.80/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$39.2K $15.96/SF
− OpEx
−$13.7K −$5.59/SF
NOI
$25.5K $10.37/SF
Area
Dayton, OH
Vacancy
5.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$509,580
Cap Rate 7%
$363,986
Cap Rate 9%
$283,100
Alternative Uses
Best Use
Flex RnD
$364.0K
$318.5K – $424.7K
NOI $25,479 @ 7.0% cap · market cap 5.10%
Second Best
Office B
$357.1K
$312.5K – $416.7K
NOI $25,000 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$523.4K
$458.0K – $610.7K
NOI $36,640 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45414, OH
20,693
Population
10,283
Households
2
Avg Household Size
42
Median Age
26%
College-Educated
88%
High-School Grad
21.8 sq mi
ZIP Area
949
Density / Sq Mi
$53,824
Median Household Income
$40,629
Median Earnings
$867
Median Rent
$163,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout combines private offices, presentation space, and secured parking for a range of business operations.
Where is this flex space located?
The property is located at 3404 Successful Way Dayton, OH.
What is the asking price?
The asking price for this property is $499,986.
What are key features of this property?
This property features: Five offices with lobby and conference room; Workroom includes a garage area; Kitchenette supports daily workplace operations
