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    Centerville Freestanding Fully Leased Building Title is generated by Realmo AI

    78 E Franklin St, Dayton, OH

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    Two-story office building in historic downtown Centerville, fully leased.

    Type:OFFICE
    Property size:
    2,410 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $155/SF
    Added:
    Apr 4, 2024
    Days on Market:
    801
    Last Refresh:
    May 20 at 9:06 pm

    Property Features for 78 E Franklin St

    General Information

    Standard status
    Active
    Size
    2,410 SF
    Lot size
    0.13 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Tim Albro
    Tim Albro

    Listing agent Tim Albro License #0000349883

    Listing office Crest Commercial Realty

    Listing date Apr 4, 2024

    Source Moodyscre

    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

    HighLights

    • FULLY LEASED Free‑Standing Building
    • Located in historic downtown Centerville
    • On‑site parking with 8 spaces
    • Great visibility and street signage
    • Easy access to amenities and close to Kettering, Miamisburg, and Beavercreek
    • Minutes from I‑675 and I‑75

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $35,953 @ 7.0% cap · market cap 9.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigeration Control Company, ... HVAC Service ASAP Screen Printing (Bike/Boat/Book/etc) Store Refrigeration Control Co ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.1562
    Latitude
    39.6283

    FAQs

    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
    (937) 609-8071 Call to check price and availability
    More about this property
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