Freestanding Retail Building on
For Sale
Contact for pricing
504 E Dorothy Ln, Dayton, OH
Freestanding building with great signage and visibility on E Dorothy.
Property Size3,075 SF
Lot Size0.13 Acres
Price / SF$143.09
Days on Market503
Property Features for 504 E Dorothy Ln
General Information
Standard status
Active
Size
3,075 SF
Lot size
0.13 Acres
Property subtype
RETAIL
Listing Agency:
Equity | Dayton
(937) 291-1179
Listed By:
Tracey Herron
(937) 216-4636
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Sep 8
Last Checked: Sep 13 at 10:09AM
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 Equity | Dayton
Investment Insights
Based on property information with market context.
This freestanding building, situated on E Dorothy Lane, offers a total of 3,075 square feet. The first floor provides 2,075 square feet of retail space, while the second floor offers an additional 1,000 square feet suitable for residential or office use. The property benefits from high visibility and signage opportunities due to its location at a traffic light on Shroyer Road.
Key Highlights
- Freestanding building on E Dorothy Lane
- Great signage and visibility from traffic light at Shroyer Road
- 3,075 sq ft total
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
$29,012
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
6.59%
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%
$580,240
$580.2K
Cap Rate 7%
$414,457
$414.5K
Cap Rate 9%
$322,356
$322.4K
Market Conditions
NOI Build-Up for 3,075 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
$44.3K $14.40/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$41.4K $13.48/SF
− OpEx
−$12.4K −$4.04/SF
NOI
$29.0K $9.43/SF
Area
Dayton, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$580,240
Cap Rate 7%
$414,457
Cap Rate 9%
$322,356
Alternative Uses
Best Use
Retail
$414.5K
$362.7K – $483.5K
NOI $29,012 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.3K
$573.4K – $764.6K
NOI $45,874 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
518
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Market
Vacancy Rate% for Retail in Dayton, OH
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building with great signage and visibility on E Dorothy.
Where is this retail space located?
The property is located at 504 E Dorothy Ln Dayton, OH.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Freestanding building on E Dorothy Lane; Great signage and visibility from traffic light at Shroyer Road; 3,075 sq ft total
