Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8 Prestige Plaza Dr Miamisburg, OH 45342
    Back to Search
    Property profile & analytics

    8 Prestige Plaza Dr, Miamisburg, OH 45342

    View on Map
    • Retail properties & Spaces
    • 22,198 SF
    • 1.91 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pink Power Clean / Hardware & Home Improvement
    • Miamisburg WIC / Public Health Department
    • Prestige Chiropractic & Injury / Alternative Medicine Practice
    • Premier Occupational Health in Miamisburg / Occupational Health Service
    • Prestige Chiropractic and Injury, Dr. Derek Ketchum DC / Alternative Medicine Practice

    Property Details for 8 Prestige Plaza Dr

    Year built
    1985
    Lot size
    1.91 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional commercial property, Prestige 5 Plaza, presents a unique investment opportunity in Miamisburg, Ohio. Located at 8 Prestige Plaza Drive, this single-story, 22,198 square foot building sits on 1.91 acres of land and boasts a prime location just off I-75, facing Centerville Miamisburg Road with convenient access from Prestige Plaza Drive. The property, built in 1985 and extensively renovated in 2021, is classified as Class B and features a mix of medical, traditional, and creative office spaces across four suites. Currently, 6,200 square feet is available for lease. One notable suite, a former urgent care facility (Unit 107), offers approximately 4,000 square feet of space, featuring a dedicated entrance, open reception area, high-end finishes, and attached flex space for additional storage. The building's zoning is Office/Retail, allowing for diverse occupancy. The property offers prominent signage, excellent visibility, and ample parking. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The lease rate is $18 per square foot, plus $3 per square foot in NNN charges.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miamisburg
    County
    Warren
    State
    Ohio
    Longitude
    -84.2276
    Latitude
    39.6384

    Comparable in this City

    • Value Estimation by Request

      Innovation Dr

      Office Units
      0 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Value Estimation by Request
      10,000 SF

      8 Prestige Plaza Dr

      Medical Office Space
      8 Prestige Plaza Dr, Miamisburg, OH 45342
      View Details
    • Value Estimation by Request
      625 SF

      4000 Miamisburg Centerville Rd

      MEDICAL BUILDING
      4000 Miamisburg Centerville Rd, Miamisburg, OH 45342-3842
      View Details
    • Value Estimation by Request
      625 SF

      4000 Miamisburg Centerville Rd

      MEDICAL BUILDING
      4000 Miamisburg Centerville Rd, Miamisburg, OH 45342-3842
      View Details
    • Value Estimation by Request
      4,065 SF

      9200 Marketplace Dr

      MEDICAL BUILDING
      9200 Marketplace Dr, Miamisburg, OH 45342-4478
      View Details
    • Value Estimation by Request
      5,582 SF

      4000 Miamisburg Centerville Rd

      MEDICAL BUILDING
      4000 Miamisburg Centerville Rd, Miamisburg, OH 45342-3842
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Versatile Building in Prime Location

      9942 SF building suitable for medical, office, daycare, elderly care.
      2570 Technical Dr, Miamisburg, OH 45342
      View Details
    • $275,000

      Miamisburg Freestanding Commercial Building

      Versatile 5,688 SF building suitable for various business uses.
      1003 North Main St, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      1,643 SF

      Office/Retail Space with Storage

      Spacious office/retail space featuring storage, new flooring, and fresh paint.
      46-50 S 1St St, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      5,000 SF

      Miamisburg Business Flex Space

      5,000 SF flex space in Miami Township for lease.
      8555 Gander Creek Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      93,560 SF

      Versatile Office Building in Mound Park

      92,000 sq ft office building suitable for multiple tenants.
      480 Vantage Pt, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      3,622 SF

      Medical Condo Near Dayton Mall

      Medical condo for sale near Dayton Mall with tenant.
      8940 Kingsridge Dr, Dayton, OH 45342
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Miamisburg, Ohio.
      10170 Penny Ln, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      2,838 SF

      Dayton Office Space For Rent

      Office space near Dayton Mall suitable for various businesses.
      8934 Kingsridge Dr, Dayton, OH 45342
      View Details
    • Contact for pricing

      Miamisburg Commercial Space For Lease

      Retail and office spaces available for lease in Miamisburg.
      10050 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      3,000 SF

      Mixed-Use Center Retail Opportunity

      Retail, restaurant, and office space in a dynamic mixed-use center.
      10635 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing

      Class A Headquarters Space Available

      60,000 SF Class A office space in Austin Landing.
      Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      219,019 SF

      Available Office Space Sublease

      Sublease opportunity with flexible terms and furniture available.
      9797 Springboro Pike, Miamisburg, OH 45342
      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.
    8 Prestige Plaza Dr
    Miamisburg, OH 45342
    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
    8 Prestige Plaza Dr, Miamisburg, OH, 45342
    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!