Two-Story Office
New
For Sale
$195,000
848 E Franklin Street, Centerville, OH 45459
COMMERCIAL - Centerville, OH
Property Size1,365 SF
Lot Size0.02 Acres
Price / SF$142.86
Days on Market1
Property Features for 848 E Franklin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Franklin Street Woods Office Condo
Directions
Exit the parking lot toward W Franklin St, turn left onto W Franklin St, then turn right and left into the destination. Destination will be on the left at 848 E Franklin St, Dayton, OH 45459.
Standard status
Active
APN
O68509170003
Size
1,365 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1989
Building materials
Aluminum Siding, Brick
Listing Agency:
CENTURY 21 The Gene Group
(937) 203-8180
Listed By:
Kim McAndrew
(937) 203-8180
Added: Aug 5
Last Checked: Aug 5 at 3:06PM
MLS# 1047530
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Investment Insights
Based on property information with market context.
This 1,365-square-foot office property occupies two levels within a 1989 building finished with brick and aluminum siding. The interior includes multiple private offices, a half bath, and an upper-level room with vaulted ceilings and substantial natural light. Additional rooms can accommodate office, consultation, conference, treatment, or storage functions based on the occupant’s needs. Updated flooring, neutral paint, and contemporary finishes are present throughout the space.
Building systems include central air conditioning and natural-gas heat, with service provided by a public sewer connection. The 0.02-acre parcel features landscaped surroundings and a maintained exterior, supporting a professional presentation for visitors and occupants. Its combination of enclosed rooms and larger flexible areas provides a varied office configuration within a compact commercial property.
Building systems include central air conditioning and natural-gas heat, with service provided by a public sewer connection. The 0.02-acre parcel features landscaped surroundings and a maintained exterior, supporting a professional presentation for visitors and occupants. Its combination of enclosed rooms and larger flexible areas provides a varied office configuration within a compact commercial property.
Key Highlights
- 1,365 square feet across two levels
- Multiple private offices plus additional flexible rooms
- Upper‑level room with vaulted ceilings and abundant natural light
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 | $23.4k | $17.16 |
| − Vacancy | −$4.3k | −$3.12 |
| EGI | $19.2k | $14.04 |
| − OpEx | −$7.7k | −$5.61 |
| NOI | $11.5k | $8.42 |
1,365 SF · lease $17.16/SF/yr · vacancy 18.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$164.2K
$143.7K – $191.6K
NOI $11,496 @ 7.0% cap · market cap 5.90%
Second Best
Office B
$160.7K
$140.7K – $187.5K
NOI $11,252 @ 7.0% cap · market cap 5.77%
Theoretical Best
Multifamily LT 5
$12.91M
$11.30M – $15.06M
NOI $903,721 @ 7.0% cap · market cap 463.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 45459, OH
28,344
Population
13,988
Households
2
Avg Household Size
50
Median Age
50%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
1,996
Density / Sq Mi
$89,144
Median Household Income
$54,044
Median Earnings
$1,187
Median Rent
$276,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout includes private rooms, a half bath, and a vaulted upper-level workspace with natural light.
Where is this office units located?
The property is located at 848 E Franklin Street Centerville, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,365 square feet across two levels; Multiple private offices plus additional flexible rooms; Upper‑level room with vaulted ceilings and abundant natural light
