Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5351 Salem Avenue Dayton, OH 45426

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    40,000+ sqft retail space with docks and drive-in doors.

    Type:Retail, Special Purpose
    Property size:
    40,101 SF
    Added:
    Sep 19, 2024
    Days on Market:
    573
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 5351 Salem Avenue

    General Information

    Standard status
    Active
    Size
    40,101 SF
    Property subtype
    Retail, Special Purpose

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Nathaniel D Nester

    Listing agent Nathaniel D Nester License #2012000245

    Listing office RE/MAX Town Center Commercial

    Listing date Sep 19, 2024

    Source Crexi

    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 RE/MAX Town Center Commercial

    Overview

    Large Retail Space Near Lowe's

    This is a 40,101 square foot retail space. The property shares a parking lot with Lowe's and is located less than a half mile from major intersections. The wide-open space includes two docks and two drive-in doors. Additional floor space is available upstairs for a second showroom or storage area. The property is situated beside McDonald's and other food establishments. The property is intended for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grandview Building & Supply Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.290216
    Latitude
    39.819553

    Nearby Similar for Sale

    • $1,300,000
      14,800 SF

      Turnkey Restaurant and Event Space

      Freestanding restaurant and event space in Downtown Dayton.
      135 E Second Street, Dayton, OH 45402
      View Details
    • $475,000
      8,000 SF

      Dayton Commercial Garage with Bays

      8000 SF commercial building with multiple bays and lifts.
      2547 Valley, Dayton, OH 45404
      View Details
    • $300,000

      High-Traffic Commercial Opportunity in Dayton

      Well-located commercial property with high visibility and strong traffic counts.
      7846 N Main Street, Dayton, OH 45415
      View Details
    • $550,000

      Dayton Industrial Building For Sale

      Industrial building with offices, workshop, and crane potential.
      1889 Radio Road, Dayton, OH 45431
      View Details
    • $399,900
      2,432 SF

      Kettering Quadplex with Rental Upside

      Stabilized Kettering quadplex with significant rent increase potential.
      1554 Willamet Road, Dayton, OH 45429
      View Details
    • $125,000
      2,436 SF

      Dayton Duplex with Income Potential

      Solid duplex with opportunity to increase rents.
      466 Allwen Drive, Dayton, OH 45406
      View Details
    • $499,000
      7,320 SF

      Dayton Retail/Office Space For Sale

      7,320 SF retail/office space in thriving business district.
      716 Watervliet Ave., Dayton, OH 45420
      View Details
    • $139,900
      1,242 SF

      Dayton Auto Repair Garage

      Vacant auto repair garage on a corner lot.
      501 E Trotwood Boulevard, Dayton, OH 45426
      View Details
    • $297,900
      3,392 SF

      Stately Duplex in South Park

      Charming duplex in Dayton's historic South Park district.
      229-227 James Street, Dayton, OH 45410
      View Details
    • $425,000
      24,000 SF

      Dayton Office/Warehouse Space For Sale

      24,000 SF office/warehouse with updates in Dayton's industrial district.
      1240 Stanley Ave, Dayton, OH
      View Details
    • $475,000
      2,124 SF

      Dayton Retail/Office Building For Lease

      Retail/office building with flexible layout and detached storage.
      3230 Dayton Xenia Rd, Dayton, OH
      View Details
    • $4,900,000
      17,381 SF

      Dayton Commercial Property with Parking

      Commercial space with fenced parking and visibility from Route 4.
      1602 Valley Street, Dayton, OH 45404
      View Details

    FAQs

    What type of property is this?
    Retail space - 40,000+ sqft retail space with docks and drive-in doors.
    Where is this retail space located?
    The property is located at 5351 Salem Avenue Dayton, OH.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 40,000 sqft of retail space.; Shares parking lot with Lowe's.; High traffic location near major intersections and McDonald's.
    (614) 578-0260 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nathaniel D Nester
    Real Estate License ID: 2012000245
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!