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    251 Alex Bell Rd Centerville, OH 45459

    Sponsored
    For Lease
    Contact for pricing

    Dayton-area retail center, strong anchors, high-income trade area.

    Lot size:
    125,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents Cross Pointe Shopping Center, a 125,058-square-foot retail center strategically located in the southeast quadrant of I-675 and State Route 48 in Montgomery County. The property boasts a strong tenant mix, anchored by established and reputable businesses including The Tile Shop, Rocky's Ace Hardware, and Home 2 Home, ensuring consistent cash flow and attracting a high volume of shoppers. Currently, there are two available spaces totaling 9,100 square feet, offering flexible options for expansion or new tenants. The center serves a highly desirable trade area encompassing affluent Dayton suburbs such as Centerville, Bellbrook, and Oakwood. This demographic boasts a substantial population of 104,300 residents with an impressive average household income of $117,474, indicating significant consumer spending power and a robust market for retail businesses. The property's prime location and strong anchor tenants create a compelling investment opportunity with significant potential for growth and return. The available spaces present a unique chance to capitalize on the thriving retail landscape in this affluent Dayton community. This is a rare opportunity to acquire a well-established, high-performing retail center in a prime location.

    Property Features for 251 Alex Bell Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,058 SF

    Unit(s) available at that property

    Space
    Available Space 5
    Size
    30,420 SF
    Space
    Available space
    Size
    9,100 SF

    HighLights

    • 125,058 SF shopping center at I‑675 & SR 48 SE quadrant.
    • Anchored by The Tile Shop, Rocky's Ace Hardware, and Home 2 Home.
    • Serves affluent Dayton suburbs: Centerville, Bellbrook, and Oakwood.
    • 104,300 residents in the trade area, $117,474 average household income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rocky's Ace Hardware Hardware Store Resharp Sharpening Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1499853
    Latitude
    39.6458473

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    FAQs

    What type of property is this?
    Lifestyle center - Dayton-area retail center, strong anchors, high-income trade area.
    Where is this lifestyle center located?
    The property is located at 251 Alex Bell Rd Centerville, OH.
    What are key features of this property?
    This property features: 125,058 SF shopping center at I-675 & SR 48 SE quadrant.; Anchored by The Tile Shop, Rocky's Ace Hardware, and Home 2 Home.; Serves affluent Dayton suburbs: Centerville, Bellbrook, and Oakwood.
    Request Owner's contact information
    251 Alex Bell Rd Centerville, OH 45459
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    Centerville, OH 45459
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    Realmo Value Estimation

    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.

    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.

    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
    251 Alex Bell Rd Centerville, OH 45459
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