Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29-37 Ludlow St Dayton, OH 45402
    Back to Search
    Property profile & analytics

    29-37 Ludlow St, Dayton, OH 45402

    View on Map
    • Office Spaces
    • 18,000 SF
    • 0.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 29-37 Ludlow St

    Lot size
    0.07 lot acres
    Property type
    Office Spaces

    Description

    This exceptional 18,000-square-foot executive office building, located at 29-37 Ludlow Street in Dayton, Ohio's historic downtown, presents a unique investment opportunity. Priced at $1,200,000, the property sits on a 0.07-acre lot and offers 10 parking spaces. The building, formerly occupied by Cox Enterprises, is a prominent structure with significant frontage—15 feet on both the north and west sides. While currently lacking functional utilities and containing some remnants of previous occupants, the building is free of known environmental issues. The remainder of the Dayton Daily News buildings have been removed from the site, creating a clean slate for redevelopment or adaptive reuse. This presents a rare chance to acquire a substantial piece of Dayton's history and revitalize a key downtown location. The property's size and prominent location offer considerable potential for a variety of commercial uses. The existing structure provides a solid foundation for a future project, offering significant square footage and ample parking. The address is 29-37 Ludlow St, Dayton, OH 45402, within Montgomery County.

    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
    -84.1937
    Latitude
    39.7587

    Comparable in this City

    • Value Estimation by Request

      52 Jefferson St

      Restaurants
      52 Jefferson St, Dayton, OH 45402
      View Details
    • Value Estimation by Request
      880 SF

      22 Saint Clair St

      CONDOMINIUM OFFICES
      22 Saint Clair St, Dayton, OH 45402-2113
      View Details
    • Value Estimation
      $820,000
      1.67 Acres

      369 1st St

      CONDOMINIUM OFFICES
      369 1st St, Dayton, OH 45402-3005
      View Details
    • Value Estimation by Request
      2,202 SF

      300 Monument Ave Ste, Unit 100

      CONDOMINIUM OFFICES
      300 Monument Ave Ste, Dayton, OH 45402-3035
      View Details
    • Value Estimation
      $3,245,000
      208,709 SF

      340 1st St

      CONDOMINIUM OFFICES
      340 1st St, Dayton, OH 45402-1250
      View Details
    • Value Estimation by Request
      197,000 SF

      125 Ludlow St

      Office Units
      125 Ludlow St, Dayton, OH 45402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,962 SF

      Downtown Medical/Office Space For Sale

      6,962 SF downtown medical/office space available for purchase.
      301 W 1St St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Medical Office Building Near Hospital

      Four-story medical office building near Miami Valley Hospital.
      1222 South Patterson Blvd, Dayton, OH 45402
      View Details
    • Contact for pricing
      14,800 SF

      Downtown Dayton Restaurant & Event Space

      Turnkey restaurant and event space in Dayton's Central Business District.
      135 E 2Nd St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Dayton Industrial Property for Sale

      Industrial property available for purchase in Dayton, Ohio.
      120 Sears St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Luxury Condo with River Views

      Renovated two-bedroom condo with upscale amenities and panoramic balcony.
      109 N Main St, Dayton, OH 45402
      View Details
    • Contact for pricing
      28,000 SF

      Mixed-Use Property Available

      Mixed-use property for sale with significant square footage.
      33 E 2Nd St, Dayton, OH 45402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Dayton Arcade Mixed-Use Space

      Mixed-use property in downtown Dayton's central business district.
      15 W 4Th St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Dayton, Ohio.
      40 W 2Nd St, Dayton, OH 45402
      View Details
    • $12 SF/Yr
      135,338 SF

      Dayton Office Building For Rent

      Office building with 135,338 square feet available for lease.
      130 West 2Nd St, Dayton, OH 45402
      View Details
    • Contact for pricing
      12,605 SF

      Dayton Co-Working Space For Rent

      Co-working space available with flexible memberships in Dayton, Ohio.
      15 Mcdonough St, Dayton, OH 45402
      View Details
    • Contact for pricing
      2,187 SF

      Dayton Office Space Available

      Office space available for rent in Dayton, Ohio.
      111-129 E 3Rd St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Multiple retail and office spaces available for lease.
      312 N Patterson Blvd, Dayton, OH 45402
      View Details
    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.
    29-37 Ludlow St
    Dayton, OH 45402
    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

    Thank You for Inquiry
    29-37 Ludlow St, Dayton, OH, 45402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!