Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2859 Miamisburg Centerville Rd Woodbourne-Hyde Park, OH 45459
    Back to Search
    Property profile & analytics

    2859 Miamisburg Centerville Rd, Woodbourne-Hyde Park, OH 45459

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bob's Discount Furniture and Mattress Store / Furniture & Home Goods / Home Decor Store

    Property Details for 2859 Miamisburg Centerville Rd

    Property type
    Land
    Property subtype
    Retail space

    Description

    This exceptional 3,500 square foot commercial pad site presents a remarkable opportunity for businesses seeking a strategic location in Miamisburg, Ohio. Situated at 2859 Miamisburg Centerville Road, this single-tenant property offers unparalleled visibility and accessibility. The lot is ideally suited for a variety of commercial uses, providing ample space for development. Located in Montgomery County, the property boasts a convenient address within the Woodbourne-Hyde Park area, offering easy access to major transportation routes and a thriving local community. The 3,500 square foot lot size provides flexibility for building plans, allowing for customized development to meet specific business needs. This is a rare opportunity to secure a prime commercial land parcel in a high-demand area. The property is zoned for commercial use (specific zoning information should be independently verified). Prospective tenants should conduct their own due diligence to ensure the property meets their specific requirements. This is a single-tenant property, offering exclusive use of the entire lot. The property's location in Miamisburg, Ohio, offers access to a strong local economy and a diverse customer base. The address is 2859 Miamisburg Centerville Rd, Miamisburg, OH 45459. This is a land-only offering

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodbourne-Hyde Park
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1752
    Latitude
    39.6401

    Comparable in this City

    • Value Estimation by Request
      1.87 Acres

      Paragon Rd

      Specialty properties
      0 Paragon Rd, Dayton, OH 45459
      View Details
    • Value Estimation by Request
      3.36 Acres

      Vienna Pkwy

      Land
      0 Vienna Pkwy, Dayton, OH 45459
      View Details
    • Value Estimation by Request
      2.02 Acres

      8950 Mall Ring Rd

      Land
      8950 Mall Ring Rd, Dayton, OH 45459
      View Details
    • Value Estimation by Request
      1.70 Acres

      Centerville Business Pkwy

      Land
      0 Centerville Business Pkwy, Centerville, OH 45459
      View Details
    • Value Estimation by Request
      0.06 Acres

      Main St

      RETAIL STORES (PERSONAL SERVICES)
      Main St, Dayton, OH 45459
      View Details
    • Value Estimation by Request
      2,024 SF

      30 Main St

      RETAIL STORES (PERSONAL SERVICES)
      30 Main St, Centerville, OH 45459-4671
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in South Dayton Location

      Commercial land in a desirable, mature South Dayton market.
      Center Point Dr, Dayton, OH 45459
      View Details
    • Contact for pricing

      Commercial Land Near Dayton Mall

      1.2 acres of commercial land near the Dayton Mall.
      1 Kingsridge Dr, Dayton, OH 45459
      View Details
    • Contact for pricing

      Washington Township Development Opportunity

      4.84± acres of commercial land for development.
      615 Miamisburg Centerville Rd, Dayton, OH 45459
      View Details
    • Contact for pricing
      3,139 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru and prominent signage opportunities.
      2948 Miamisburg Centerville Rd, Miamisburg, OH 45459
      View Details
    • Contact for pricing
      2,325 SF

      Chipotle with Drive-Thru For Sale

      New 15-year lease with corporate guaranty in Dayton, Ohio.
      5850 N Springboro Pike, Dayton, OH 45459
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Renovated Center

      Retail space available in newly renovated shopping center.
      6000-6124 Wilmington Pike, Bellbrook, OH 45459
      View Details
    • Contact for pricing
      1,001 SF

      Retail Space Near Cornerstone Centerville

      Retail space conveniently located off I-675 and Wilmington Pike.
      5800 Wilmington Pike, Dayton, OH 45459
      View Details
    • Contact for pricing
      800 SF

      Retail Space on Alex Bell

      Retail space available on E Alex Bell Rd, Dayton, OH.
      199 E Alex Bell Rd, Dayton, OH 45459
      View Details
    • Contact for pricing
      3,553 SF

      Dayton Retail Space Available

      Retail space available for lease in Dayton, Ohio.
      5 W Whipp Rd, Dayton, OH 45459
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 6242 Wilmington Pike, Dayton, OH.
      6242 Wilmington Pike, Dayton, OH 45459
      View Details
    • Contact for pricing

      Retail Property for Lease

      Retail property available for lease in Sugarcreek Township, OH.
      6124 Wilmington, Dayton, OH 45459
      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.
    2859 Miamisburg Centerville Rd
    Woodbourne-Hyde Park, OH 45459
    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
    2859 Miamisburg Centerville Rd, Woodbourne-Hyde Park, OH, 45459
    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!