Professional Office
7385 Far Hills Ave, Dayton, OH 45459
For Sale
$409,000
Office condominium with on-site parking along Far Hills Avenue in Washington Township.
Property Size2,944 SF
Price / SF$138.93
Days on Market48
Property Features for 7385 Far Hills Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
eXp Realty
Listed By:
Anthony Vanjohnson
(937) 510-0690
Source:
Finn-team
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 3:08PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This professional office condominium contains 2,944 square feet and was built in 1954. The property offers on-site parking and a commercial setting suited to office occupancy.
Located at 7385 Far Hills Ave in Washington Township, the property sits along the South Dayton corridor with access to nearby restaurants, retail, surrounding amenities, and major transportation routes. Its location supports convenient access for office users and visitors.
Located at 7385 Far Hills Ave in Washington Township, the property sits along the South Dayton corridor with access to nearby restaurants, retail, surrounding amenities, and major transportation routes. Its location supports convenient access for office users and visitors.
Key Highlights
- 2,944‑square‑foot office condominium
- Built in 1954
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,967
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,340
$599.3K
Cap Rate 7%
$428,100
$428.1K
Cap Rate 9%
$332,967
$333.0K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$51.2K $17.40/SF
− Vacancy
−$11.3K −$3.83/SF
EGI
$40.0K $13.57/SF
− OpEx
−$10.0K −$3.39/SF
NOI
$30.0K $10.18/SF
Area
Dayton, OH
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,340
Cap Rate 7%
$428,100
Cap Rate 9%
$332,967
Alternative Uses
Best Use
Office B
$428.1K
$374.6K – $499.5K
NOI $29,967 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,920 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
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Business Placement
Demographics for 45459, OH
28,344
Population
13,988
Households
2
Avg Household Size
50
Median Age
50%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
1,996
Density / Sq Mi
$89,144
Median Household Income
$54,044
Median Earnings
$1,187
Median Rent
$276,100
Median Home Value
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Market
Properties on Market for Office Units in Dayton
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium with on-site parking along Far Hills Avenue in Washington Township.
Where is this office unit located?
The property is located at 7385 Far Hills Ave Dayton, OH.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 2,944‑square‑foot office condominium; Built in 1954; On‑site parking
