Medical/Office Condo For
8039 Washington Village Dr Dayton, OH 45458
For Sale
Contact for pricing
Free-standing medical/office condominium in South Dayton submarket.
Property Size3,716 SF
Price / SF$297.09
Days on Market138
Property Features for 8039 Washington Village Dr
General Information
- Standard status
- Active
- Size
- 3,716 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency:
Crest Commercial Realty
(937) 609-8071
Listed By:
Tim Albro · License #OH 0000349883
Source:
Crexi
Added: Mar 11
Changed: Jul 10
Last Checked: Jul 25 at 10:34AM
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.
A free-standing medical/office condominium is available for sale within the Pavilion Professional Suites Condominiums, a complex comprising 60,000 square feet of Class A office and medical office space. Constructed in 2005, the one-story office condominium spans 3,716 square feet. The building features brick construction and includes parking at the front, providing convenient access from Yankee Street. The property is currently occupied by a long-term tenant, who is in the fifth year of a ten-year lease, with options to renew for two additional five-year terms. Located in Washington Township, the office condominium is situated one mile east of the I-675/I-75 Interchange, near a busy commercial district, in the South Dayton Submarket. The property benefits from attractive landscaping, ample surface parking, and curb appeal.
Key Highlights
- Long‑term tenant in place with 5 years remaining on initial lease and two 5‑year renewal options.
- Located in Washington Township, near I‑675/I‑75 interchange and a busy commercial district.
- Class A office/medical condominium within Pavilion Professional Suites Condominiums.
Financial Insights For Healthcare Medical
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 | $80.3k | $21.60 |
| − Vacancy | −$8.0k | −$2.16 |
| EGI | $72.2k | $19.44 |
| − OpEx | −$28.9k | −$7.78 |
| NOI | $43.3k | $11.66 |
3,716 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$619.2K
$541.8K – $722.4K
NOI $43,343 @ 7.0% cap · market cap 3.93%
Second Best
Office B
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$792.0K
$693.0K – $924.0K
NOI $55,437 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Charles W. ...
Pediatrician
Bonnin Arturo MD
Physician
Vercher Jeffrey T
Physician
Moncrief Terri M ...
Physician
Dr. Dawn M. ...
Physician
Similar Off Market Nearby
- SICSA Pet Adoption and Wellness Center Veterinary Clinic — 8172 Washington Church Rd, Washington Township, OH 45458
- Banfield Pet Hospital — 2028 Miamisburg Centerville Rd, Dayton, OH 45459
- SICSA Pet Adoption and Wellness Center — 8172 Washington Church Rd, Washington Township, OH 45458
FAQs
What type of property is this?
Medical Office Space - Free-standing medical/office condominium in South Dayton submarket.
Where is this medical office space located?
The property is located at 8039 Washington Village Dr Dayton, OH.
What is the asking price?
The asking price for this property is $1,104,000.
What are key features of this property?
This property features: Long‑term tenant in place with 5 years remaining on initial lease and two 5‑year renewal options.; Located in Washington Township, near I‑675/I‑75 interchange and a busy commercial district.; Class A office/medical condominium within Pavilion Professional Suites Condominiums.
