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    5114 Salem Ave Dayton, OH 45426-2042

    • Community centers
    • 146,363 SF
    • 16.86 lot acres
    OFF-MARKET
    Value Estimation
    $1,200,000
    Location Intelligence
    Property ID
    US66-2378249
    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

    • Community centers

    Property Details for 5114 Salem Ave

    Year built
    1969
    Lot size
    16.86 lot acres
    Property size
    146,363 SF
    Property type
    Community centers
    APN
    H33 02111 0050
    APU
    H33021110050

    Description

    This exceptional 141,616-square-foot vacant shopping center presents a significant redevelopment opportunity in Dayton, Ohio. Located on a substantial 16.86-acre lot, this single-story, 1968-built property underwent renovations in 1996. Previously anchored by Burlington, it offers a compelling investment at $2,300,000, significantly below replacement cost, translating to $16.24 per square foot of land value. The property boasts excellent freeway access, situated just 3 miles south of I-70 and 4.5 miles west of I-75, ensuring high visibility and convenient access. The large parcel size allows for diverse development options, including potential outdoor storage or further land monetization. Annual real estate taxes are $40,378. This prime location in Montgomery County, at 5114 Salem Ave, Dayton, OH 45426, offers unparalleled potential for investors seeking a high-impact project. The property's size and strategic location make it ideal for a variety of retail or redevelopment projects. Don't miss this chance to acquire a substantial asset in a thriving market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2775
    Latitude
    39.8157
    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
    $34,532
    $294,000
    $73,500
    $367,500
    -
    $840,000
    $210,000
    $1,050,000

    Comparable in this City

    • Value Estimation by Request
      51,750 SF

      836 Main St

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    • Value Estimation by Request
      141,616 SF

      5120 Salem Ave

      Lifestyle centers • 141,616 SF
      5120 Salem Ave, Dayton, OH 45426
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    • Value Estimation by Request
      144,067 SF

      5116-5120 Salem Ave

      Lifestyle centers • 144,067 SF
      5116-5120 Salem Ave, Dayton, OH 45426
      View Details
    • Value Estimation
      $800,000
      126,358 SF

      5252 Salem Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 126,358 SF
      5252 Salem Ave, Dayton, OH 45426-1702
      View Details
    • Value Estimation
      $1,400,000
      72,800 SF

      1866 Shiloh Spgs Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 72,800 SF
      1866 Shiloh Spgs Rd, Dayton, OH 45426-2024
      View Details
    • Value Estimation by Request
      120,819 SF

      5300 Salem Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 120,819 SF
      5300 Salem Ave, Dayton, OH 45426-1626
      View Details

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    5114 Salem Ave
    Dayton, OH 45426-2042
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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
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