Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Salem Ave Trotwood, OH 45426
    Back to Search
    Property profile & analytics

    Salem Ave Trotwood, OH 45426

    View on Map
    • Land
    • 161,631 SF
    • 1.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Salem Ave

    Lot size
    1.24 lot acres
    Property size
    161,631 SF
    Property type
    Land

    Description

    This exceptional 1.24-acre commercial land parcel presents a remarkable investment opportunity in Trotwood, Ohio. Located within the bustling Shiloh Springs Plaza, this outlot boasts 216 feet of frontage on Salem Avenue and benefits from its strategic position within a thriving shopping center anchored by a new Gordon Food Service Store. The property is zoned G-B, encouraging development and offering flexibility for a variety of retail uses. High traffic counts and excellent visibility ensure strong potential for any business. Easy access to major roadways, including Salem Avenue, Shiloh Springs Road, and Denlinger Road, further enhances its appeal. The existing 161,631 square foot shopping center provides ample parking, soon to be enhanced with resurfacing and new landscaping. The signalized intersection ensures optimal visibility and accessibility. Ideal uses include restaurants (with or without drive-thrus), bars, coffee shops, pharmacies, and other retail establishments. This outlot is available for sale or ground lease, presenting a unique opportunity to capitalize on a prime location within a dynamic retail environment. The property's size and location make it an attractive prospect for developers and businesses seeking high visibility and strong foot traffic.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Trotwood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2622
    Latitude
    39.8088

    Comparable in this City

    • Value Estimation by Request
      1.49 Acres

      Shiloh Spg Rd & Olive Rd

      Land • 1.49 Acres
      0 Shiloh Spg Rd & Olive Rd, Trotwood, OH 45426
      View Details
    • Value Estimation by Request

      Northwest Pkwy

      Distribution properties
      0 Northwest Pkwy, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      6.20 Acres

      735 Main St

      COMMERCIAL (GENERAL) • 6.20 Acres
      735 Main St, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      4,200 SF

      912 Main St

      COMMERCIAL (GENERAL) • 4,200 SF
      912 Main St, Dayton, OH 45426-2913
      View Details
    • Value Estimation by Request
      2.63 Acres

      Broadway St

      COMMERCIAL (GENERAL) • 2.63 Acres
      Broadway St, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      0.47 Acres

      Salem Ave

      COMMERCIAL (GENERAL) • 0.47 Acres
      Salem Ave, Dayton, OH 45426
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Trotwood Land Investment Opportunity

      Land for sale in Trotwood, near State Route 49.
      Shiloh Spg Rd & Olive Rd, Trotwood, OH 45426
      View Details
    • Contact for pricing

      Prime Outparcel Land Available

      1.24 acre outparcel ideal for QSR and retail.
      5111 Salem Ave, Dayton, OH 45426
      View Details
    • $169,900
      Pending

      Residential Land in Dayton, OH

      9.5+ acre residential land parcel in Dayton, OH.
      Elgin Roof Rd, Dayton, OH 45426
      View Details
    • Contact for pricing

      Commercial Land Adjacent to Home Depot

      Commercial land for sale, located next to The Home Depot.
      5200 Salem Ave, Trotwood, OH 45426
      View Details
    • Contact for pricing
      0.18 Acres

      Buildable Lot in Sycamore Woods

      Buildable 0.18 acre lot in desirable Sycamore Woods community.
      4010 Laguna Rd, Dayton, OH 45426
      View Details
    • $895,000
      40,101 SF

      Large Retail Space Near Lowe's

      40,000+ sqft retail space with docks and drive-in doors.
      5351 Salem Ave, Dayton, OH 45426
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Shopping Center in Trotwood

      51,740 SF shopping center serving the Trotwood community.
      836 E Main St, Trotwood, OH 45426
      View Details
    • Contact for pricing
      27,794 SF

      Dayton Retail Opportunity on SR-49

      Retail space available off State Route 49 in Dayton, Ohio.
      5116-5120 Salem Ave, Dayton, OH 45426
      View Details
    • $5 SF/Yr
      13,500 SF

      Renovated Industrial Space in Trotwood

      6,000 SF renovated industrial space with easy freeway access.
      5851-5885 Wolf Creek Pike, Dayton, OH 45426
      View Details
    • Contact for pricing
      2,109 SF

      Visible Office Space on Main

      Two-story office building with frontage on N. Main St.
      4505 N Main St, Dayton, OH 45426
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Dayton, Ohio.
      5120 Salem Ave, Dayton, OH 45426
      View Details
    • Contact for pricing

      Freestanding Building on Corner Lot

      Retail/office space available in a freestanding building.
      4301 N Main St, Dayton, OH 45426
      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.
    Salem Ave
    Trotwood, OH 45426
    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
    Salem Ave, Trotwood, OH, 45426
    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!