Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    343 5Th St Dayton, OH 45402
    Back to Search
    Property profile & analytics

    343 5Th St, Dayton, OH 45402

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dayton Gutter cleaning Co. / Hardware & Home Improvement / General Contractor

    Property Details for 343 5Th St

    Year built
    1900
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 6,600 square foot building at 341-343 E. 5th St., Dayton, OH 45402, presents a unique investment opportunity. Situated on a 0.08-acre lot in the vibrant Oregon District, this two-story, 1900-built structure offers versatile space ideal for a variety of uses. Currently awaiting renovation, the property is zoned to accommodate restaurant, retail, office, or residential tenants. The building's single-tenant configuration provides flexibility for a single large user or the potential for division into smaller spaces. Its central location offers unparalleled access to the Dayton Convention Center, Day Air Ballpark, and numerous hotels, including the AC Hotel and Fairfield Inn & Suites. Furthermore, the property benefits from its proximity to over 3,750 residential units, ensuring a robust customer base. An attractive feature is the planned exterior patio area, perfect for outdoor seating or entertainment, situated between the building and Lilly's Bistro. A liquor license is readily available, adding further appeal for restaurant or bar concepts. The property's address is 343 E 5th St, with a cross street of Brown, and APN R72 00607 0031. This is a rare chance to acquire a historic building in a thriving urban district with significant redevelopment potential. No elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1854
    Latitude
    39.7572

    Comparable in this City

    • Value Estimation by Request

      52 Jefferson St

      Restaurants
      52 Jefferson St, Dayton, OH 45402
      View Details
    • Value Estimation by Request
      267,583 SF

      15 4Th St

      Restaurants
      15 4Th St, Dayton, OH 45402
      View Details
    • Value Estimation by Request
      59,000 SF

      211 Wayne Ave

      Office Units
      211 Wayne Ave, Dayton, OH 45402
      View Details
    • Value Estimation by Request
      6,600 SF

      341 5Th St

      Restaurants
      341 5Th St, Dayton, OH 45402
      View Details
    • Value Estimation by Request

      221 Ludlow St

      Restaurants
      221 Ludlow St, Dayton, OH 45402
      View Details
    • Value Estimation by Request
      182,160 SF

      111 1St St

      Office Units
      111 1St 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
      27,135 SF

      Retail Building with Patio Spaces

      27,135 SF retail building on 2.668 acres for sale.
      32 Webster St, 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
    • $995,000
      14,800 SF

      Turnkey Restaurant & Event Space

      Freestanding 14,800 SF restaurant and event space in Dayton.
      135 E 2Nd 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
      25,268 SF

      Free-Standing Light Industrial Building

      Light industrial building with showroom, office, and flexible space.
      115 N Keowee St, Dayton, OH 45402
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Oregon District Renovation Opportunity

      Prime location for restaurant, retail, office, or residential development.
      343 E 5Th St, Dayton, OH 45402
      View Details
    • Contact for pricing

      Downtown Dayton Office Space Available

      Office space for rent in Downtown Dayton with amenities.
      130 W 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

      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

      Newly Renovated Commercial Space Available

      Newly renovated commercial space in whitebox condition available for rent.
      221 S Ludlow St, 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.
    343 5Th 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
    343 5Th 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!