Building Details

Year Built 1961

Listing Agency: Kaufman Realty & Auction, LLC

Listed By: Eli Troyer Show Phone

Source: Theacclaimedrealty

Added: Jul 20 Changed: Oct 17 Last Checked: Oct 7 at 2:14PM

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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 Kaufman Realty & Auction, LLC

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Investment Insights

Based on property information with market context.

This fully leased commercial investment property features three established tenants: the United States Postal Service with a lease through 2031, Kidron Pizza, and Kidron Chiropractic. The building includes a second-floor space that could be converted into an apartment or office. Recent improvements include a newer roof and updated air conditioning.

Located at 4692 Kidron Rd in Kidron, Ohio, the property is positioned for immediate income as reflected by an approximate 8% cap rate in the seller’s materials. With operating history already in place across multiple tenants, it offers a turnkey ownership structure in Wayne County’s growing commercial market.

Key Highlights

• Fully leased commercial building in Kidron with three tenants: USPS, Kidron Pizza, and Kidron Chiropractic
• USPS lease extends through 2031
• Recent improvements include a newer roof and updated air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,639

Cap Rate

6.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$872,780 $872.8K

Cap Rate 7%

$623,414 $623.4K

Cap Rate 9%

$484,878 $484.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,684 SF

Gross rent

$79.6K $21.60/SF

− Vacancy

−$6.8K −$1.86/SF

EGI

$72.7K $19.74/SF

− OpEx

−$29.1K −$7.90/SF

NOI

$43.6K $11.85/SF

Area

Wayne County, OH

Vacancy

8.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$872,780

Cap Rate 7%

$623,414

Cap Rate 9%

$484,878

Alternative Uses

Best Use

Healthcare Medical

$623.4K

$545.5K – $727.3K (±1% cap)

NOI $43,639 @ 7.0% cap · market cap 6.02%

Second Best

Office B

$521.0K

$455.9K – $607.9K (±1% cap)

NOI $36,472 @ 7.0% cap · market cap 5.03%

Theoretical Best

Multifamily LT 5

$2.69M

$2.36M – $3.14M (±1% cap)

NOI $188,479 @ 7.0% cap · market cap 26.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Building Supply Pharmacy Real Estate Agency Big Box & Wholesale Store Computer & Electronic Repair

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

89

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44618, OH

7,159

Population

2,751

Households

2.6

Avg Household Size

39

Median Age

26%

College-Educated

82%

High-School Grad

42.1 sq mi

ZIP Area

170

Density / Sq Mi

$69,282

Median Household Income

$37,733

Median Earnings

$842

Median Rent

$221,200

Median Home Value

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?

Medical Office Space - Fully leased building with three tenants, newer roof, and updated air conditioning, plus second-floor conversion potential.

Where is this medical office space located?

The property is located at 4692 Kidron Rd Dalton, OH.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Fully leased commercial building in Kidron with three tenants: USPS, Kidron Pizza, and Kidron Chiropractic; USPS lease extends through 2031; Recent improvements include a newer roof and updated air conditioning