Former Bar & Lounge
For Sale
Contact for pricing
6028 North Dixie Drive, Dayton, OH 45414
Former bar and lounge property located in Dayton, Ohio.
Property Size1,928 SF
Price / SF$251.56
Days on Market47
Property Features for 6028 North Dixie Drive
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Equity LLC Dayton
(937) 228-0155
Listed By:
Tracey Herron · License #OH SAL.0000446465
Source:
Crexi
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 1:43PM
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 LLC Dayton
Investment Insights
Based on property information with market context.
This 1,928-square-foot commercial property at 6028 North Dixie Drive in Dayton, Ohio, was formerly operated as a bar and lounge. The asset is positioned within an established commercial setting and is offered for sale.
Key Highlights
- 1,928 square feet of commercial property
- Former bar and lounge use
- 6028 North Dixie Drive, Dayton, OH 45414
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
$21,588
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%
$431,760
$431.8K
Cap Rate 7%
$308,400
$308.4K
Cap Rate 9%
$239,867
$239.9K
Market Conditions
NOI Build-Up for 1,928 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
$30.1K $15.60/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$28.8K $14.93/SF
− OpEx
−$7.2K −$3.73/SF
NOI
$21.6K $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%
$431,760
Cap Rate 7%
$308,400
Cap Rate 9%
$239,867
Alternative Uses
Best Use
Specialty Retail
$308.4K
$269.9K – $359.8K
NOI $21,588 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.9K
$359.5K – $479.4K
NOI $28,763 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Food For The Soul, Sports Bar & Grill — 2021 republic dr, dayton, oh 45414
- Whisky Barn — 2100 Needmore Rd, Dayton, OH 45414
- Ready To Go Food & Beverage — 6640 N Dixie Dr, Dayton, OH 45414
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former bar and lounge property located in Dayton, Ohio.
Where is this bar & pub located?
The property is located at 6028 North Dixie Drive Dayton, OH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,928 square feet of commercial property; Former bar and lounge use; 6028 North Dixie Drive, Dayton, OH 45414
