For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Office Condo with Parking Title is generated by Realmo AI

    860 E Franklin Street, Centerville, OH 45459

    View on Map
    Claim this Listing
    For Sale
    $173,000

    COMMERCIAL - Centerville, OH

    Property size:
    1,200 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $144/SF
    Added:
    Apr 5, 2026
    Days on Market:
    94
    Last Refresh:
    Jul 7 at 4:06 am

    Property Features for 860 E Franklin Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    O68509170033
    Size
    1,200 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1997
    Building materials
    Brick

    We can help!

    Contact an agent
    Kim McAndrew
    Kim McAndrew

    Listing agent Kim McAndrew

    Listing office CENTURY 21 The Gene Group 65A W Franklin St., Centerville, OH

    Listing date Apr 5, 2026

    MLS# 1044750

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, move‑in ready office condo in a well‑maintained professional complex.
    • Versatile 1,200 sq ft space with multiple private offices/treatment rooms and a functional layout.
    • Convenient kitchenette, reception area, and dedicated parking.
    • Excellent visibility and easy access to major thoroughfares in a strategic Dayton location.
    • Professional‑grade finishes, including wood trim, quality carpeting, and a cohesive color palette.
    • Condo association provides exterior maintenance.

    Overview

    This turnkey office condo is located within the Franklin Street Woods Office Condominium and offers approximately 1,200 square feet of professionally finished workspace. The interior includes a welcoming reception area with recessed lighting, neutral paint tones, and carpeted flooring throughout. The layout also provides multiple private offices or treatment rooms with natural light from wood-trimmed windows, plus built-in cabinetry and functional room arrangements. A kitchenette area with countertop workspace and storage supports day-to-day operations. Wood-trim details, quality carpeting, and a cohesive interior palette contribute to an established, polished presentation. The unit features an open porch entrance and offers a practical, professional configuration suitable for a range of service-oriented uses.

    The property was built in 1997 and is situated in a professional complex described as offering visibility and easy access to major thoroughfares. Dedicated parking is available for tenants and visitors. The listing also notes proximity to dining, shopping, and services.

    This space is well suited for owner-occupants or tenant users who want a move-in ready professional office setting with a reception area, private offices, and an on-site kitchenette. With exterior maintenance provided by the condo association, day-to-day focus can remain on business operations rather than property upkeep.

    Local Financial Insights For Office B

    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 $16.8k $14.04
    − Vacancy −$3.7k −$3.05
    EGI $13.2k $10.99
    − OpEx −$3.3k −$2.75
    NOI $9.9k $8.24
    1,200 SF · lease $14.04/SF/yr · vacancy 21.72% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $141.3K
    $123.6K – $164.9K (±1% cap)
    NOI $9,891 @ 7.0% cap · market cap 5.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $11.35M
    $9.93M – $13.24M (±1% cap)
    NOI $794,480 @ 7.0% cap · market cap 459.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Centerville
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.142497
    Latitude
    39.627539

    FAQs

    What type of property is this?
    Office units - Move-in ready office condo with reception, multiple private offices, and dedicated parking for client and staff convenience.
    Where is this office units located?
    The property is located at 860 E Franklin Street Centerville, OH.
    What is the asking price?
    The asking price for this property is $173,000.
    What are key features of this property?
    This property features: Turnkey, move‑in ready office condo in a well‑maintained professional complex.; Versatile 1,200 sq ft space with multiple private offices/treatment rooms and a functional layout.; Convenient kitchenette, reception area, and dedicated parking.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message