Medical Condo Near Dayton
8940 Kingsridge Dr Dayton, OH
8940 Kingsridge Dr, Dayton, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Medical condo for sale near Dayton Mall with tenant.
Property Size1,185 SF
Lot Size0.03 Acres
Price / SF$118.06
Days on Market401
Property Features for 8940 Kingsridge Dr
General Information
- Standard status
- Active
- Size
- 1,185 SF
- Lot size
- 0.03 Acres
- Property subtype
- OFFICE
Listing Agency
Howard Hanna | South Dayton
(937) 477-1106
Listed by
David P Nianouris
(937) 477-1106
Source
Moodyscre
Added: Jun 12, 2025 Checked: Jul 17 at 3:18 am
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 Howard Hanna | South Dayton
Investment Insights
Based on property information with market context.
Located in Miami Township, which has no local earnings tax, the property at 8940 Kingsridge Rd. includes a 1,185 square foot condominium unit (Suite 105) within a 12,000 square foot building comprised of four medical condominiums. The unit shares a 273 square foot waiting room. The suite contains 6 offices, with 4 to 5 offices having plumbing in the walls, allowing for conversion back into wet exam rooms. The condominium has a private entrance from the outside and from a common area waiting room with two additional restrooms. Ample parking is available in the on-site lot. The property is in a prime location adjacent to the Dayton Mall and offers convenient access to the expressway. The current tenant, a mental health practitioner, occupies two of the building’s condos and is scheduled to expand into this one in early 2025. The current lease for Suite 105 is in effect through early 2028. The property offers an 9% cap rate. Showings will only be scheduled after an accepted offer, subject to viewing the building, due to HIPAA regulations.
Key Highlights
- High 9% Cap Rate
- Prime Location adjacent to Dayton Mall with convenient expressway access
- Existing lease in place through early 2028 providing immediate income
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 | $20.6k | $17.40 |
| − Vacancy | −$4.5k | −$3.83 |
| EGI | $16.1k | $13.57 |
| − OpEx | −$4.0k | −$3.39 |
| NOI | $12.1k | $10.18 |
1,185 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$197.5K
$172.8K – $230.4K
NOI $13,822 @ 7.0% cap · market cap 9.88%
Second Best
Office B
$172.3K
$150.8K – $201.0K
NOI $12,062 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jayson Keener, PA-C
Physician
Stephanie Johnson
Psychotherapist
Dr. Michael Davis
Alternative Medicine Practice
Murray Cotter, MD, ...
Physician
Jennifer Bryant, ARNP
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Pets In Stitches — 8265 N Springboro Pike, Miamisburg, OH 45342
- Raymond M. Fournier, DVM — 8926 kingsridge dr, dayton, oh 45458
- Shaffer Lesley DVM — 8926 Kingsridge Dr, Dayton, OH 45458
- Dr. Sara Wells — 3646 Watertower Ln, West Carrollton, OH 45449
- Kim Burkhardt — 3646 Watertower Ln, West Carrollton, OH 45449
FAQs
What type of property is this?
Medical Office Space - Medical condo for sale near Dayton Mall with tenant.
Where is this medical office space located?
The property is located at 8940 Kingsridge Dr Dayton, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: High 9% Cap Rate; Prime Location adjacent to Dayton Mall with convenient expressway access; Existing lease in place through early 2028 providing immediate income
