Freestanding Conventional
New
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 Market2
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
Last Checked: Sep 2 at 7:04PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,701
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
