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Property profile & analytics
OFF-MARKET
Land

1900 Progress Dr Xenia, OH 45385

1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a prime development opportunity in Xenia, Ohio. Strategically located at 1900 Progress Dr, this outlot enjoys exceptional visibility and accessibility, situated near a high-traffic intersection of West Main Street and Progress Drive, experiencing approximately 35,000 vehicles daily. The property benefits from a robust and affluent surrounding community. A population exceeding 525,000 resides within a 15-mile radius, boasting average household incomes surpassing $80,000. Furthermore, a significant daytime population of 266,000 employees is within a 15-mile radius, largely attributed to the presence of Wright-Patterson Air Force Base, Ohio's largest single-site employer. The area's high daytime population is further amplified by the substantial student population drawn to the 20 colleges and universities located within a 25-mile radius. This outlot is ideally positioned alongside established businesses including Rural King, Kroger, Harbor Freight, Sally Beauty, Snap Fitness, Chipotle, and Wright-Patt Credit Union, ensuring high visibility and foot traffic. This presents a unique chance to establish a thriving commercial venture in a thriving and densely populated area. The property is zoned for commercial use (verification required by buyer). This 1.5-acre parcel offers significant potential for various commercial developments.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rural King Tractors Agricultural Supply
  • Rural King Guns Gun Shop
  • Rural King Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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