Professional Office
860 E Franklin Street, Centerville, OH 45459
For Sale
$169,000
Commercial Sale, Centerville, OH
Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$140.83
Days on Market220
Property Features for 860 E Franklin Street
General Information
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Property subtype
Zoning description
Subdivision
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Standard status
APN
Size
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Taxes and HOA fees
Tax Year
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Sewer type
Heating system
Building Details
Year built
Building materials
Listing Agency:
CENTURY 21 The Gene Group
Listed By:
Kim McAndrew
(937) 203-8180
Added: Apr 5
Changed: Oct 19
Last Checked: Nov 10 at 5:06PM
MLS# 1044750
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot office condo is arranged for professional use with a reception area, multiple private offices or treatment rooms, and a kitchenette with counter space and storage. Wood-trimmed windows provide natural light, while built-in cabinetry, recessed lighting, carpeted floors, and interior wood details create a consistent finished environment. The unit also includes an open porch entry and dedicated parking.
Constructed in 1997, the property is part of Franklin Street Woods Office Condominium at 860 E Franklin Street in Centerville, Ohio. The brick building is served by natural gas heat and public sewer. Condo association responsibilities include exterior maintenance, providing a defined ownership structure for the office unit. Its existing configuration can accommodate a range of professional office operations, including treatment-oriented layouts where private rooms are useful.
Constructed in 1997, the property is part of Franklin Street Woods Office Condominium at 860 E Franklin Street in Centerville, Ohio. The brick building is served by natural gas heat and public sewer. Condo association responsibilities include exterior maintenance, providing a defined ownership structure for the office unit. Its existing configuration can accommodate a range of professional office operations, including treatment-oriented layouts where private rooms are useful.
Key Highlights
- Approximately 1,200 square feet of office space
- Multiple private offices or treatment rooms
- Reception area with recessed lighting and carpeted flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,107
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,140
$202.1K
Cap Rate 7%
$144,386
$144.4K
Cap Rate 9%
$112,300
$112.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.6K $17.16/SF
− Vacancy
−$3.7K −$3.12/SF
EGI
$16.8K $14.04/SF
− OpEx
−$6.7K −$5.61/SF
NOI
$10.1K $8.42/SF
Area
Montgomery County, OH
Vacancy
18.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,140
Cap Rate 7%
$144,386
Cap Rate 9%
$112,300
Alternative Uses
Best Use
Healthcare Medical
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$141.3K
$123.6K – $164.9K
NOI $9,891 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Montgomery County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office layout with private rooms, a kitchenette, dedicated parking, and a finished reception area.
Where is this office unit located?
The property is located at 860 E Franklin Street Centerville, OH.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Approximately 1,200 square feet of office space; Multiple private offices or treatment rooms; Reception area with recessed lighting and carpeted flooring
