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    Property profile & analytics

    Dayton, OH 45342

    • Land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Property type
    Land

    Description

    This exceptional 5.45-acre commercial land parcel presents a unique investment opportunity in Miamisburg, Ohio. Strategically located on N Springboro Pike at Newmark Drive in Montgomery County (zip code 45342), this property boasts high visibility and accessibility due to its placement at a traffic light intersection. Springboro Pike experiences a significant daily traffic count of 24,900 vehicles, ensuring substantial exposure for any development. The site itself features a picturesque 1.8-acre lake, adding to its aesthetic appeal and potential for unique design integration. Zoning permits a variety of uses, including office space (business, medical, and nursing care facilities), banking institutions, and hotels (subject to conditional approval). The absence of a local earnings tax further enhances the financial attractiveness of this location for businesses and investors. This property offers developers a blank canvas to create a thriving commercial venture in a high-demand area with excellent infrastructure and accessibility. The latitude and longitude coordinates are 39.6444741 and -84.2245297 respectively. This is a rare opportunity to acquire a substantial commercial land parcel in a prime Dayton location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2245
    Latitude
    39.6445

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      Springboro Pike Frontage Rd

      Land • 1.35 Acres
      0 Springboro Pike Frontage Rd, Dayton, OH 45342
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    • Value Estimation by Request
      10,000 SF

      741 & Smt Pt Dr

      Restaurants • 10,000 SF
      741 & Smt Pt Dr, Miamisburg, OH 45342
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    • Value Estimation by Request
      0.18 Acres

      63-65 1st St

      COMMERCIAL (GENERAL) • 0.18 Acres
      63-65 1st St, Miamisburg, OH 45342
      View Details
    • Value Estimation by Request
      2,248 SF

      16 2nd St

      COMMERCIAL (GENERAL) • 2,248 SF
      16 2nd St, Miamisburg, OH 45342-2835
      View Details
    • Value Estimation by Request
      200 SF

      Off Uppr Riv Rd Rd Rd

      COMMERCIAL (GENERAL) • 200 SF
      Off Uppr Riv Rd Rd Rd, Miamisburg, OH 45342
      View Details
    • Value Estimation by Request
      448 SF

      723 11th St

      COMMERCIAL (GENERAL) • 448 SF
      723 11th St, Miamisburg, OH 45342-1921
      View Details

    Similar Nearby for Sale

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      South Dayton Commercial Land - 38 Acres

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      Prime Dayton Commercial Land

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    Similar Nearby for Lease

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      1 SF

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      Land for Lease or Build

      Outlots available in dominant mixed-use center off Interstate 75.
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      Commercial Land for Lease

      4.4 acres of divisible commercial land available for lease.
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      72,357 SF

      Prime Miamisburg Industrial Space

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      460,515 SF

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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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