Holiday Inn Express & Suites
For Sale
Contact for pricing
Pending
95 Parkview Dr N, Brookville, OH 45309
Interior-corridor lodging property with adjoining commercial land and recent renovations.
Property Size40,498 SF
Days on Market145
Property Features for 95 Parkview Dr N
General Information
Standard status
Pending
Size
40,498 SF
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Buildings
1
Stories
3
Listing Agency:
JDS Real Estate Services, Inc.
(213) 446-5366
Listed By:
Jennifer Stein · License #01507135
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 10:41AM
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 JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
The Holiday Inn Express & Suites Dayton West-Brookville is a 70-room, IHG-branded hotel with interior-corridor access. The 40,498-square-foot property was built in 2001 and has undergone recent renovations, with an ongoing capital improvement plan. The offering also includes an adjoining 0.593+/- acre commercial land parcel.
The hotel is located at 95 Parkview Dr N in Brookville, Ohio, along Interstate 70. Downtown Dayton is approximately 12 miles away, while Dayton International Airport is approximately 10 miles from the property. The surrounding Dayton market includes manufacturing, logistics, healthcare, government, education, corporate, and leisure demand drivers. Regional destinations identified in the property information include Wright-Patterson Air Force Base, the University of Dayton, Wright State University, the National Museum of the United States Air Force, and the Dayton Aviation Heritage National Historical Park.
The hotel is located at 95 Parkview Dr N in Brookville, Ohio, along Interstate 70. Downtown Dayton is approximately 12 miles away, while Dayton International Airport is approximately 10 miles from the property. The surrounding Dayton market includes manufacturing, logistics, healthcare, government, education, corporate, and leisure demand drivers. Regional destinations identified in the property information include Wright-Patterson Air Force Base, the University of Dayton, Wright State University, the National Museum of the United States Air Force, and the Dayton Aviation Heritage National Historical Park.
Key Highlights
- 70‑room IHG‑branded hotel with interior‑corridor access
- 40,498‑square‑foot hotel built in 2001
- Adjoining 0.593+/- acre commercial land parcel included
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
$269,691
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
4.15%
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%
$5,393,820
$5.4M
Cap Rate 7%
$3,852,729
$3.9M
Cap Rate 9%
$2,996,567
$3.0M
Market Conditions
NOI Build-Up for 40,498 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
$694.9K $17.16/SF
− Vacancy
−$127.2K −$3.14/SF
EGI
$567.8K $14.02/SF
− OpEx
−$298.1K −$7.36/SF
NOI
$269.7K $6.66/SF
Area
Montgomery County, OH
Vacancy
18.30%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
52.50%
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%
$5,393,820
Cap Rate 7%
$3,852,729
Cap Rate 9%
$2,996,567
Alternative Uses
Best Use
Hotel Hospitality
$3.85M
$3.37M – $4.49M
NOI $269,691 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$383.03M
$335.15M – $446.87M
NOI $26,812,389 @ 7.0% cap · market cap 412.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 45309, OH
12,050
Population
4,849
Households
2.5
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
65.9 sq mi
ZIP Area
183
Density / Sq Mi
$72,570
Median Household Income
$39,630
Median Earnings
$905
Median Rent
$197,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Interior-corridor lodging property with adjoining commercial land and recent renovations.
Where is this hotel located?
The property is located at 95 Parkview Dr N Brookville, OH.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 70‑room IHG‑branded hotel with interior‑corridor access; 40,498‑square‑foot hotel built in 2001; Adjoining 0.593+/- acre commercial land parcel included
