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    Property profile & analytics

    8163 Old Yankee St Dayton, OH 45458-1867

    • Office buildings
    • 20,230 SF
    • 2.18 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2021
    $1,500,000
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1313713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Surdyk Dowd & Turner Co. / Law Firm
    • Bluemark Capital, LLC / Mortgage Lender / Commercial Real Estate Agency
    • AssuredPartners / Insurance Agency / Insurance Broker
    • Kairos Research / Research And Product Development
    • Surdyk Dowd Turner / Insurance Attorney

    Property Details for 8163 Old Yankee St

    Year built
    1986
    Construction
    WOOD
    Lot size
    2.18 lot acres
    Property size
    20,230 SF
    Property type
    Office buildings
    APN
    O67 03607 0035
    APU
    O67036070035

    Description

    This exceptional 19,910-square-foot, single-story office building, constructed in 1986, presents a fantastic investment opportunity. Located at 8163 Old Yankee St, Washington Township, OH 45458, this multi-tenant property boasts 8,103 square feet of immediately available space, with individual suites ranging from 1,400 to 6,703 square feet. Situated on a 2.18-acre lot (APN: O67-03607-0035), the building is well-maintained, featuring recently upgraded common areas and convenient card key after-hours access. Its prime location offers unparalleled convenience, with nearby amenities including restaurants, shopping centers, hotels, daycare facilities, and banking institutions. The property benefits from its location in an unincorporated municipality, resulting in no city income tax. This presents a unique opportunity for businesses seeking a functional, well-located office space in a thriving community. The building's single-story design and ample parking provide easy accessibility for tenants and visitors. The available space is ideal for a variety of businesses seeking a flexible and convenient workspace. Don't miss this chance to secure your presence in this desirable Washington Township location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,075,000
      ML approach
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,544,000
      Market price range: $994k - $3.30M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2009
    Latitude
    39.6294
    CBSA code
    19430
    CBSA name
    DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,628
    $221,790
    $334,710
    $556,500
    -
    $633,680
    $956,320
    $1,590,000

    Comparable in this City

    • Value Estimation
      $660,000
      39,404 SF

      10510 Springboro Pike

      OFFICE BUILDING • 39,404 SF
      10510 Springboro Pike, Dayton, OH 45458
      View Details
    • Value Estimation
      $60,000
      5,124 SF

      1452 Yankee Park Pl

      OFFICE BUILDING • 5,124 SF
      1452 Yankee Park Pl, Dayton, OH 45458-1958
      View Details
    • Value Estimation
      $990,000
      4,418 SF

      8073 Washington Vlg Drb

      OFFICE BUILDING • 4,418 SF
      8073 Washington Vlg Drb, Dayton, OH 45458-1967
      View Details
    • Value Estimation
      $205,000
      0.50 Acres

      Mdws Mnr

      OFFICE BUILDING • 0.50 Acres
      Mdws Mnr, Dayton, OH 45458
      View Details
    • Value Estimation
      $300,000
      6,000 SF

      10560-1056 Success Ln

      OFFICE BUILDING • 6,000 SF
      10560-1056 Success Ln, Dayton, OH 45458
      View Details
    • Value Estimation
      $345,000
      10,528 SF

      210 Spg Vly Pike

      OFFICE BUILDING • 10,528 SF
      210 Spg Vly Pike, Dayton, OH 45458-2653
      View Details

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    Similar Nearby for Lease

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      View Details
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      Lyons Business Park: Flex Space Available

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      Kingsridge Plaza Retail Space

      Dayton Mall Area Retail Opportunity: 4,025 SF Available
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      View Details
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    Dayton, OH 45458-1867
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    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
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