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Updated Flex Space with Garage
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 Market47

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
Listed By: Douglas Klang
Source: Thebrokerlist
Added: Aug 21 Changed: Oct 4 Last Checked: Oct 5 at 3:09PM

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.

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 / Yr
$25,479
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $25,479 @ 7.0% cap · market cap 5.10%
Second Best
Office B
$357.1K
$312.5K – $416.7K (±1% cap)
NOI $25,000 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$523.4K
$458.0K – $610.7K (±1% cap)
NOI $36,640 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

100
Businesses Nearby
Balanced
Demand for This Use

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
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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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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
More about this property
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