Medical/Office Condo For
For Sale
Contact for pricing
8039 Washington Village Dr, Dayton, OH 45458
Free-standing medical/office condominium in South Dayton submarket.
Property Size3,716 SF
Price / SF$297.09
Days on Market184
Property Features for 8039 Washington Village Dr
General Information
Standard status
Active
Size
3,716 SF
Class
A
Property subtype
Office
Zoning
C
Occupancy
100%
Lease Type
NNN
Net Operating Income
$95,052
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Crest Commercial Realty
Listed By:
Tim Albro · License #OH 0000349883
(937) 609-8071
Source:
Crexi
Added: Mar 11
Changed: Sep 4
Last Checked: Sep 9 at 6:26AM
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
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
$43,343
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
3.93%
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%
$866,860
$866.9K
Cap Rate 7%
$619,186
$619.2K
Cap Rate 9%
$481,589
$481.6K
Market Conditions
NOI Build-Up for 3,716 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
$80.3K $21.60/SF
− Vacancy
−$8.0K −$2.16/SF
EGI
$72.2K $19.44/SF
− OpEx
−$28.9K −$7.78/SF
NOI
$43.3K $11.66/SF
Area
Dayton, OH
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$866,860
Cap Rate 7%
$619,186
Cap Rate 9%
$481,589
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45458, OH
36,474
Population
15,827
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,833
Density / Sq Mi
$110,682
Median Household Income
$69,620
Median Earnings
$1,286
Median Rent
$337,500
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
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Similar Off Market Nearby
- SICSA Pet Adoption and Wellness Center — 8172 Washington Church Rd, Washington Township, OH 45458
- 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
Frequently Asked Questions
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.
