Professional Office
New
For Sale
$409,000
7385 Far Hills Avenue, Dayton, OH 45459
Commercial Sale, Washington Twp, OH
Property Size2,944 SF
Lot Size0.43 Acres
Price / SF$138.93
Days on Market4
Property Features for 7385 Far Hills Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Corner of N Main St and Williamsburg Ln
Subdivision
Montgomery-E30
Standard status
Active
APN
O67-03707-0040
Size
2,944 SF
Lot size
0.43 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1954
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Anthony Vanjohnson
(866) 212-4991
Added: Sep 12
Changed: Sep 14
Last Checked: Sep 15 at 8:06AM
MLS# 1893753
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional office condominium contains 2,944 square feet within a brick building constructed in 1954. Interior features include vinyl flooring, while forced-air heating and natural gas service support the property. A shingle roof and on-site parking add to the functional office configuration.
The property is positioned along Far Hills Avenue in Washington Twp, with access to nearby restaurants, retail, amenities, and major transportation routes. Its established South Dayton corridor setting supports convenient access for clients and employees. The office format may suit an owner-user or an investor seeking professional office space.
The property is positioned along Far Hills Avenue in Washington Twp, with access to nearby restaurants, retail, amenities, and major transportation routes. Its established South Dayton corridor setting supports convenient access for clients and employees. The office format may suit an owner-user or an investor seeking professional office space.
Key Highlights
- 2,944‑square‑foot office condominium
- Brick construction with a shingle roof
- Built in 1954
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
$29,967
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
7.33%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brick office condominium with on-site parking, vinyl flooring, forced-air heating, and natural gas service.
Where is this office units located?
The property is located at 7385 Far Hills Avenue 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; Brick construction with a shingle roof; Built in 1954
