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    Retail Center in Trotwood, Ohio Title is generated by Realmo AI

    Salem Ave, Trotwood, OH 45426

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    274,625 SF shopping center with strong tenant mix.

    Type:Retail, Office, Restaurant
    Property size:
    274,625 SF
    Added:
    Feb 7, 2024
    Days on Market:
    844
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for Salem Ave

    General Information

    Standard status
    Active
    Size
    274,625 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1988

    Spaces For Lease

    at Salem Ave Contact us

    5471 $6/Mo

    Size
    5,400 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5495 $3/Mo

    Size
    62,400 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5571 $4/Mo

    Size
    3,750 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5575 $4/Mo

    Size
    3,600 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5597 $8/Mo

    Size
    9,620 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5477 $6/Mo

    Size
    3,500 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5555 $4/Mo

    Size
    4,466 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5551 $4/Mo

    Size
    2,400 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5589 $8/Mo

    Size
    6,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5479 $6/Mo

    Size
    4,130 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5475 $6/Mo

    Size
    2,300 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5537 $4/Mo

    Size
    7,600 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5425 $4/Mo

    Size
    26,725 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5553 $4/Mo

    Size
    2,400 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5581 $4/Mo

    Size
    4,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5557 $6/Mo

    Size
    1,258 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5519 $16/Mo

    Size
    1,640 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5567 $3/Mo

    Size
    11,415 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5529 $10/Mo

    Size
    1,316 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5411 $6/Mo

    Size
    4,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5541 $4/Mo

    Size
    3,840 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5585 $4/Mo

    Size
    6,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5439 $4/Mo

    Size
    25,052 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5401 $4/Mo

    Size
    17,500 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5549 $4/Mo

    Size
    6,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5457 $6/Mo

    Size
    8,000 SF
    Type
    Retail, Office, Restaurant
    Contact us

    5579 $4/Mo

    Size
    2,400 SF
    Type
    Retail, Office, Restaurant
    Contact us
    Show more

    We can help!

    Listing Contact
    Mike Zhang

    Listing agent Mike Zhang License #CA

    Listing office National Eagle LLC

    Listing date Feb 7, 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 National Eagle LLC

    HighLights

    • High‑visibility location on State Highway 49 (Salem Pike) in a heavy retail corridor.
    • Located on Trotwood's retail thoroughfare, Salem Ave (Rt. 49).
    • 274,625 square foot shopping center.
    • Strong tenant mix including Check$mart Financial, The Honey Baked, and Sherwin Williams.
    • Surrounded by national and regional tenants like Lowe’s, Grandview Home Center Outlet, and Home Depot.
    • Located approximately seven miles northwest of the Dayton CBD.

    Overview

    Salem Consumer Square Shopping Center is a 274,625 square foot retail center located in Trotwood, Ohio, approximately seven miles northwest of the Dayton CBD. The property is positioned in a heavy retail corridor with frontage along State Highway 49 (Salem Pike), offering visibility on Salem Ave (Rt. 49), Trotwood’s retail thoroughfare. The center is surrounded by national and regional tenants, including Lowe’s Home Improvement Center, Grandview Home Center Outlet and Home Depot. The center is home to a variety of tenants, including Check$mart Financial, The Honey Baked, and Sherwin Williams.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Shiloh Springs Plaza — Trotwood, OH 45426
    • Salem Center — 5278 Salem Ave, Trotwood, OH 45426
    • Salem Plaza — Trotwood, OH 45426

    Map

    City
    Trotwood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.205635
    Latitude
    39.762405

    FAQs

    What type of property is this?
    Shopping center - 274,625 SF shopping center with strong tenant mix.
    Where is this shopping center located?
    The property is located at Salem Ave Trotwood, OH.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on State Highway 49 (Salem Pike) in a heavy retail corridor.; Located on Trotwood's retail thoroughfare, Salem Ave (Rt. 49).; 274,625 square foot shopping center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Zhang
    Real Estate License ID: CA
    Learn More
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    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
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