Unique Industrial Property with
For Sale
Contact for pricing
790 Enterprise Ct, Miamisburg, OH
Unique commercial/industrial building with historical significance on 5.5 acres.
Property Size5,800 SF
Lot Size5.53 Acres
Price / SF$112.07
Days on Market848
Property Features for 790 Enterprise Ct
General Information
Standard status
Active
Size
5,800 SF
Lot size
5.53 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sibcy Cline, REALTORS
(937) 323-2200
Listed By:
Mike Embree
(937) 443-7499
Source:
Moodyscre
Added: Jul 2, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:20PM
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 Sibcy Cline, REALTORS
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Investment Insights
Based on property information with market context.
This unique commercial/industrial property, situated on over 5.5 wooded acres at the end of a cul-de-sac, offers a piece of U.S. and world history. Originally constructed as a bunker and secret government laboratory, it was the last building added to a larger site of former laboratories. This facility contributed to research and manufacturing during the Nuclear Age, with components used by NASA in missions to the moon, Mars, Jupiter, Saturn, Uranus, Neptune, and the sun. The property later housed Rob Dyrdek's Alien Workshop. Significant updates have been made, including to the mechanics, roof, kitchen, and paint. The property features multiple rooms, abundant storage, and ample parking. The building size is 5,800 square feet. The property's location offers various opportunities.
Key Highlights
- Unique historical significance: Formerly a secret government laboratory involved in nuclear age research and NASA space missions.
- Substantial size and storage: Multiple rooms and abundant storage space.
- Secluded privacy: Situated on over 5.5 wooded acres at the end of a cul‑de‑sac.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,100
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
$742.0K
Cap Rate 7%
$530,000
$530.0K
Cap Rate 9%
$412,222
$412.2K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$46.6K $8.04/SF
− Vacancy
−$3.0K −$0.51/SF
EGI
$43.6K $7.53/SF
− OpEx
−$6.5K −$1.13/SF
NOI
$37.1K $6.40/SF
Area
Montgomery County, OH
Vacancy
6.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
Cap Rate 7%
$530,000
Cap Rate 9%
$412,222
Alternative Uses
Best Use
Warehouse
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$436.5K
$381.9K – $509.2K
NOI $30,553 @ 7.0% cap · market cap 4.70%
Theoretical Best
Multifamily LT 5
$54.86M
$48.00M – $64.00M
NOI $3,839,989 @ 7.0% cap · market cap 590.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
537
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Unique commercial/industrial building with historical significance on 5.5 acres.
Where is this manufacturing property located?
The property is located at 790 Enterprise Ct Miamisburg, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Unique historical significance: Formerly a secret government laboratory involved in nuclear age research and NASA space missions.; Substantial size and storage: Multiple rooms and abundant storage space.; Secluded privacy: Situated on over 5.5 wooded acres at the end of a cul‑de‑sac.
