Free-Standing Medical Office
For Sale
Contact for pricing
8039 Washington Village Dr, Dayton, OH 45458
Brick one-story office condominium with front parking and an in-place long-term tenant under a 10-year lease.
Property Size3,716 SF
Price / SF$297.09
Days on Market164
Property Features for 8039 Washington Village Dr
General Information
Standard status
Active
Size
3,716 SF
Class
A
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2005
Stories
1
Construction
brick
Tenancy
Single
Listing Agency:
Crest Commercial Realty
(937) 609-8071
Listed By:
Tim Albro · License #0000349883
(937) 609-8071
Source:
Moodyscre
Added: Mar 11
Changed: Aug 11
Last Checked: Aug 11 at 1:15AM
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.
Crest Commercial Realty is offering for sale the fee simple interest in a free-standing medical/office condominium within Pavilion Professional Suites Condominiums. The one-story unit totals 3,716 SF and was built in 2005. Brick construction supports a professional setting, with parking provided in front of the building.
The property is located in Washington Township, about 1 mile east of the I-675/I-75 interchange in the South Dayton submarket, near a busy commercial district. Easy access from Yankee St. supports convenient arrivals for employees and visitors.
An in-place tenant occupies the space and is in year 5 of a 10-year lease, with two additional 5-year renewal options.
The property is located in Washington Township, about 1 mile east of the I-675/I-75 interchange in the South Dayton submarket, near a busy commercial district. Easy access from Yankee St. supports convenient arrivals for employees and visitors.
An in-place tenant occupies the space and is in year 5 of a 10-year lease, with two additional 5-year renewal options.
Key Highlights
- Fee simple interest in a free‑standing medical/office condominium in Pavilion Professional Suites Condominiums
- One‑story brick office condo built in 2005 with 3,716 SF of space
- Front parking with easy access from Yankee St. and ample surface parking
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
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick one-story office condominium with front parking and an in-place long-term tenant under a 10-year lease.
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: Fee simple interest in a free‑standing medical/office condominium in Pavilion Professional Suites Condominiums; One‑story brick office condo built in 2005 with 3,716 SF of space; Front parking with easy access from Yankee St. and ample surface parking
