Freestanding Conventional
For Sale
$1,200,000
8870 Kingsridge Dr, Dayton, OH 45458
Former branded restaurant with an updated commercial kitchen, dining areas, restrooms, and on-site parking.
Property Size10,060 SF
Price / SF$119.28
Days on Market48
Property Features for 8870 Kingsridge Dr
General Information
Standard status
Active
Size
10,060 SF
Building Details
Year Built
2000
Listing Agency:
Keller Williams Advisors
Listed By:
Xiaojie X Zavon
(513) 259-3058
Source:
Lovdalgroup
Added: Sep 6
Changed: Oct 5
Last Checked: Oct 7 at 4:21PM
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 Keller Williams Advisors
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Investment Insights
Based on property information with market context.
This 10,060-square-foot freestanding restaurant property includes a recently updated commercial kitchen, dedicated food-preparation and service areas, dining rooms, restrooms, and supporting back-of-house space. The building was formerly operated as a Golden Corral restaurant and retains a layout designed for substantial food-service operations.
The property includes on-site parking and is located at 8870 Kingsridge Dr. in Dayton, Ohio. Its existing configuration may also support entertainment, specialty retail, banquet or event space, grocery or food market concepts, medical, fitness, or other commercial uses, subject to zoning and required approvals. Furniture, fixtures, and equipment are negotiable, and lease availability is also offered.
The property includes on-site parking and is located at 8870 Kingsridge Dr. in Dayton, Ohio. Its existing configuration may also support entertainment, specialty retail, banquet or event space, grocery or food market concepts, medical, fitness, or other commercial uses, subject to zoning and required approvals. Furniture, fixtures, and equipment are negotiable, and lease availability is also offered.
Key Highlights
- 10,060‑square‑foot freestanding restaurant building
- Recently updated commercial kitchen with food‑preparation and service areas
- Dining rooms, restrooms, and back‑of‑house support space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,701
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,020
$1.8M
Cap Rate 7%
$1,281,443
$1.3M
Cap Rate 9%
$996,678
$996.7K
Market Conditions
NOI Build-Up for 10,060 SF
Gross rent
$132.8K $13.20/SF
− Vacancy
−$4.6K −$0.46/SF
EGI
$128.1K $12.74/SF
− OpEx
−$38.4K −$3.82/SF
NOI
$89.7K $8.92/SF
Area
Dayton, OH
Vacancy
3.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,020
Cap Rate 7%
$1,281,443
Cap Rate 9%
$996,678
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,641 @ 7.0% cap · market cap 9.39%
Second Best
Industrial
$1.28M
$1.12M – $1.50M
NOI $89,701 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,079 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Dayton, OH
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former branded restaurant with an updated commercial kitchen, dining areas, restrooms, and on-site parking.
Where is this conventional restaurant located?
The property is located at 8870 Kingsridge Dr Dayton, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,060‑square‑foot freestanding restaurant building; Recently updated commercial kitchen with food‑preparation and service areas; Dining rooms, restrooms, and back‑of‑house support space
