Centerville Freestanding Fully Leased
78 E Franklin St Dayton, OH
For Sale
Contact for pricing
Two-story office building in historic downtown Centerville, fully leased.
Property Size2,410 SF
Lot Size0.13 Acres
Price / SF$155.60
Days on Market847
Property Features for 78 E Franklin St
General Information
Standard status
Active
Size
2,410 SF
Lot size
0.13 Acres
Property subtype
OFFICE
Listing Agency:
Crest Commercial Realty
(937) 609-8071
Listed By:
Tim Albro · License #0000349883
(937) 609-8071
Source:
Moodyscre
Added: Apr 4, 2024
Changed: Jul 6
Last Checked: Jul 21 at 8:36AM
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 Crest Commercial Realty
Investment Insights
Based on property information with market context.
Located in the historic downtown area of Centerville, this free-standing, two-story wood frame building offers a mix of private offices and flexible space. The property features an updated bathroom and kitchenette. On-site parking is available with 8 spaces. The building benefits from great visibility and street signage, with easy access and proximity to many amenities. It is also conveniently located close to Kettering, Miamisburg, and Beavercreek, and just minutes from I-675 and I-75. The property size is 2,410 square feet, according to the County Auditor. The building is fully leased.
Key Highlights
- FULLY LEASED Free‑Standing Building
- Located in historic downtown Centerville
- On‑site parking with 8 spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $17.40 |
| − Vacancy | −$9.2k | −$3.83 |
| EGI | $32.7k | $13.57 |
| − OpEx | −$8.2k | −$3.39 |
| NOI | $24.5k | $10.18 |
2,410 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$350.4K
$306.6K – $408.9K
NOI $24,531 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.6K
$449.4K – $599.2K
NOI $35,953 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in historic downtown Centerville, fully leased.
Where is this office building located?
The property is located at 78 E Franklin St Dayton, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: FULLY LEASED Free‑Standing Building; Located in historic downtown Centerville; On‑site parking with 8 spaces
