Royal Bourbon Chicken
For Sale
Contact for pricing
6020 Old Troy Pike, Dayton, OH 45424
Built in 1977, this retail property provides a dedicated storefront setting for commercial use.
Property Size2,309 SF
Price / SF$212.21
Days on Market44
Property Features for 6020 Old Troy Pike
General Information
Standard status
Active
Size
2,309 SF
Total Parking Spaces
34
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Stabilized
Net Operating Income
$39,253
Additional Details
Cap Rate
8%
Building Details
Year Built
1977
Year Renovated
2015
Units
1
Tenancy
Single
Listing Agency:
Quantum Real Estate Advisors
Listed By:
Daniel Waszak · License #IL 475153121
Source:
Crexi
Added: Jul 19
Changed: Aug 30
Last Checked: Aug 30 at 3:07PM
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 Quantum Real Estate Advisors
Investment Insights
Based on property information with market context.
Royal Bourbon Chicken is a 2,309-square-foot storefront property at 6020 Old Troy Pike in Dayton, Ohio. Constructed in 1977, the building is classified within the storefront and retail property categories.
The offering is presented with an 8.00% cap rate and is identified as a for-sale retail asset. Its established building footprint and storefront configuration support continued commercial retail use.
The offering is presented with an 8.00% cap rate and is identified as a for-sale retail asset. Its established building footprint and storefront configuration support continued commercial retail use.
Key Highlights
- 2,309‑square‑foot storefront property
- 8.00% cap rate
- Built in 1977
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
$21,785
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
4.45%
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%
$435,700
$435.7K
Cap Rate 7%
$311,214
$311.2K
Cap Rate 9%
$242,056
$242.1K
Market Conditions
NOI Build-Up for 2,309 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
$33.2K $14.40/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$31.1K $13.48/SF
− OpEx
−$9.3K −$4.04/SF
NOI
$21.8K $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%
$435,700
Cap Rate 7%
$311,214
Cap Rate 9%
$242,056
Alternative Uses
Best Use
Retail
$311.2K
$272.3K – $363.1K
NOI $21,785 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.1K
$430.6K – $574.1K
NOI $34,447 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45424, OH
50,920
Population
21,557
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
31.5 sq mi
ZIP Area
1,617
Density / Sq Mi
$78,566
Median Household Income
$45,827
Median Earnings
$1,096
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1977, this retail property provides a dedicated storefront setting for commercial use.
Where is this storefront property located?
The property is located at 6020 Old Troy Pike Dayton, OH.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2,309‑square‑foot storefront property; 8.00% cap rate; Built in 1977
