Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Innovation Drive Miamisburg, OH 45342

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    60,000 SF Class A office space for rent.

    Type:Office
    Property size:
    60,000 SF
    Added:
    Oct 11, 2024
    Days on Market:
    553
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for Innovation Drive

    General Information

    Standard status
    Active
    Size
    60,000 SF
    Property subtype
    Office

    Spaces For Lease

    at Innovation Drive Contact us

    We can help!

    Listing Contact
    Patrick Hewitt

    Listing agent Patrick Hewitt License #OH

    Listing office CBRE - Cincinnati

    Listing date Oct 11, 2024

    Source Crexi

    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 CBRE - Cincinnati

    Overview

    Class A Headquarters Space Available

    Available for rent is a 60,000 SF Class A headquarters space located in Austin Landing, which is Dayton’s central hub for entertainment, dining and Class A office space. Building signage and naming rights are available. Office tenants are not subject to local income tax. Ample parking is provided with 396 surface spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Miamisburg
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2336441
    Latitude
    39.5985426

    Nearby Similar for Lease

    • $7/mo

      Miamisburg Flex Space Available

      Flex building with office and warehouse space near Austin Landing.
      3000 S Tech Blvd, Miamisburg, OH
      View Details
    • Contact for pricing

      Miamisburg Office Suite For Rent

      Professional office suite with functional layout, convenient location, available May 2026.
      2835 Miami Village Drive, Miamisburg, OH 45342
      View Details
    • $10/mo

      Miamisburg Office Building For Lease

      Two-story office building with elevator and ample parking.
      Enterprise Ct, Miamisburg, OH
      View Details
    • $17/mo

      Miamisburg Office Space For Lease

      3,471 SF office space in Miami Township for lease.
      9080 Springboro Pike, Miamisburg, OH
      View Details
    • $14/mo

      Retail Space in Miamisburg Plaza

      Retail space available in a busy Miamisburg shopping center.
      209-217 Byers Rd, Miamisburg, OH
      View Details
    • $9/mo

      Miamisburg Warehouse Space For Lease

      11,200 SF Miamisburg warehouse space with easy highway access.
      1027 Byers Rd, Miamisburg, OH
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space with professional finishes, convenient highway access.
      3385 Newmark Drive, Miami TWP, OH 45342
      View Details
    • $22/mo

      Class A Office Space Available

      Class A office space for rent in Austin Landing.
      3601 Rigby Rd, Miamisburg, OH
      View Details
    • Contact for pricing

      Class A Headquarters Space Available

      60,000 SF Class A office space in Austin Landing.
      Innovation Drive, Miamisburg, OH, 45342
      View Details
    • Contact for pricing

      Miamisburg Warehouse with Ample Parking

      286,480 SF warehouse with parking near Dayton and Cincinnati.
      Austin Boulevard, Miamisburg, OH, 45342
      View Details
    • $6/mo

      Miamisburg Industrial Property Near I-75

      Industrial property with HVAC and expansion capabilities near I-75.
      3303 W Tech Blvd, Miamisburg, OH
      View Details
    • Contact for pricing

      Retail Space with Highway Visibility

      Retail space available with easy highway access and visibility.
      2859 Miamisburg Centerville Rd, Miamisburg, OH
      View Details

    FAQs

    What type of property is this?
    Office building - 60,000 SF Class A office space for rent.
    Where is this office building located?
    The property is located at Innovation Drive Miamisburg, OH.
    What are key features of this property?
    This property features: Rare, 60,000 SF Class A Headquarters Space; Located in Austin Landing: Central Hub for entertainment, dining & Class A office space; Building signage/ naming rights available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Hewitt
    Real Estate License ID: OH
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!