Single-Tenant Bank
For Sale
Contact for pricing
4490 N MAIN ST, Dayton, OH 45405
Net-leased banking facility with drive-through service and an established operating history.
Property Size3,568 SF
Lot Size1.62 Acres
Price / SF$344.45
Days on Market11
Property Features for 4490 N MAIN ST
General Information
Standard status
Active
Size
3,568 SF
Lot size
1.62 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$92,176
Site & Location
Drive-Thru
Yes
Traffic Count
24,000 vehicles/day
Building Details
Year Built
1983
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 17 at 2:13PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This single-tenant bank property contains a 3,568-square-foot branch on a 1.618-acre parcel in Dayton, Ohio. The facility was built in 1983 and includes five drive-thru lanes. PNC Bank has operated at the site since 2005 and has extended its lease multiple times. One 5-year renewal option remains, with a 7.5% rental escalation. PNC Bank carries an investment grade A credit rating from Standard and Poor’s.
The property fronts North Main Street, a north-south commercial corridor with reported traffic of 24,000 VPD. Interstate 75 is approximately 2 miles east and carries more than 109,000 vehicles per day. Approximately 151,500 residents live within a five-mile radius, and nearby retailers include Kroger, Ace Hardware, McDonald’s, AutoZone, CVS, Walgreens, Hibbett Sports, KFC, and Taco Bell.
The property fronts North Main Street, a north-south commercial corridor with reported traffic of 24,000 VPD. Interstate 75 is approximately 2 miles east and carries more than 109,000 vehicles per day. Approximately 151,500 residents live within a five-mile radius, and nearby retailers include Kroger, Ace Hardware, McDonald’s, AutoZone, CVS, Walgreens, Hibbett Sports, KFC, and Taco Bell.
Key Highlights
- 3,568‑square‑foot bank branch on a 1.618‑acre parcel
- Five drive‑thru lanes
- PNC Bank operating at the site since 2005
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
$39,951
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
3.25%
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%
$799,020
$799.0K
Cap Rate 7%
$570,729
$570.7K
Cap Rate 9%
$443,900
$443.9K
Market Conditions
NOI Build-Up for 3,568 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
$55.7K $15.60/SF
− Vacancy
−$2.4K −$0.67/SF
EGI
$53.3K $14.93/SF
− OpEx
−$13.3K −$3.73/SF
NOI
$40.0K $11.20/SF
Area
Dayton, OH
Vacancy
4.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$799,020
Cap Rate 7%
$570,729
Cap Rate 9%
$443,900
Alternative Uses
Best Use
Specialty Retail
$570.7K
$499.4K – $665.9K
NOI $39,951 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$480.9K
$420.8K – $561.1K
NOI $33,664 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$760.4K
$665.4K – $887.2K
NOI $53,229 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 45405, OH
18,124
Population
11,773
Households
1.5
Avg Household Size
37
Median Age
19%
College-Educated
91%
High-School Grad
4.0 sq mi
ZIP Area
4,531
Density / Sq Mi
$41,901
Median Household Income
$32,263
Median Earnings
$858
Median Rent
$74,100
Median Home Value
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Net-leased banking facility with drive-through service and an established operating history.
Where is this bank located?
The property is located at 4490 N MAIN ST Dayton, OH.
What is the asking price?
The asking price for this property is $1,229,013.
What are key features of this property?
This property features: 3,568‑square‑foot bank branch on a 1.618‑acre parcel; Five drive‑thru lanes; PNC Bank operating at the site since 2005
