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    2671 Dixie Hwy Kettering, OH 45409
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    2671 Dixie Hwy Kettering, OH 45409

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    • Retail properties & Spaces
    • 38,844 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2671 Dixie Hwy

    Property size
    38,844 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 38,844-square-foot storefront retail space, located at 2671 Dixie Highway in Kettering, Ohio (zip code 45409), presents a remarkable opportunity. Situated in the Esplanade Center, this B-Business zoned property boasts excellent visibility and high traffic counts due to its prime location on Dixie Highway, offering convenient access from downtown Dayton to the southern suburbs. The property benefits from its proximity to major thoroughfares, including the intersection of Dixie Highway and Dorothy Lane (less than 0.1 miles away), Downtown Dayton, the University of Dayton (UD), and I-75. This ensures significant exposure to a large customer base. The Esplanade Center is a thriving mixed-use development, with established tenants including Palermo's Italian, Dollar General, The Garaj, and Advanced Medical. Ample parking is available for customers and employees, enhancing the overall shopping experience. A significant advantage is its adjacency to a Super Walmart, further driving foot traffic and visibility. A drone video tour is available for a comprehensive view of the property and its surroundings. This property is ideal for a variety of retail uses and offers a unique opportunity to establish a strong presence in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kettering
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2
    Latitude
    39.714

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      Dixie Hwy, Dayton, OH 45409
      View Details
    • Value Estimation
      $750,000
      5,918 SF

      1315 Brown St

      RETAIL STORES (PERSONAL SERVICES) • 5,918 SF
      1315 Brown St, Dayton, OH 45409-2648
      View Details
    • Value Estimation by Request
      0.19 Acres

      Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      Dixie Hwy, Dayton, OH 45409
      View Details
    • Value Estimation
      $1,360,000
      17,750 SF

      2665 Dixie Dr, Unit 2675

      RETAIL STORES (PERSONAL SERVICES) • 17,750 SF
      2665 Dixie Dr, Dayton, OH 45409-1504
      View Details
    • Value Estimation
      $950,000
      36,400 SF

      2655 Dixie Dr

      RETAIL STORES (PERSONAL SERVICES) • 36,400 SF
      2655 Dixie Dr, Dayton, OH 45409-1504
      View Details
    • Value Estimation by Request
      2,250 SF

      1134 Brown St

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      1134 Brown St, Dayton, OH 45409-2601
      View Details

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      Retail Space on Dixie Highway

      Retail space available for sale, totaling 38,844 square feet.
      2671 Dixie Hwy, Kettering, OH 45409
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      7,036 SF

      Retail Strip in High-Traffic Corridor

      Multi-tenant retail strip with high visibility and established tenancy.
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    Similar Nearby for Lease

    • $4 SF/Yr
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      Flexible Combo Units For Lease

      Warehouse, storage, retail, and office combo units with high visibility.
      2655 South Dixie Dr, Dayton, OH 45409
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    • Contact for pricing

      Kettering Commercial Space Available

      Commercial space available for lease in Kettering, Ohio.
      2671 S Dixie Dr, Kettering, OH 45409
      View Details
    • Contact for pricing

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    • $12 SF/Yr
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      Prime Kettering Executive Office Space

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    Kettering, OH 45409
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    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
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