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    5116-5120 Salem Ave Dayton, OH 45426
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    5116-5120 Salem Ave Dayton, OH 45426

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    • Lifestyle centers
    • 144,067 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5116-5120 Salem Ave

    Property size
    144,067 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Salem Plaza, located at 5120 Salem Avenue in Dayton, Ohio's Montgomery County, presents a unique investment opportunity within the Dayton submarket. This shopping center offers multiple suites totaling 144,067 square feet, with three available spaces ranging from 14,528 to 99,294 square feet. The property boasts a highly visible location on State Route 49, experiencing traffic counts exceeding 21,000 vehicles daily. This prime location benefits from strong co-tenancy with established retailers such as Big Lots, Home Depot, Lowe's, JoAnn Fabrics, and Kroger, ensuring high foot traffic and brand recognition. The owner is motivated and open to creative reuse or redevelopment proposals, making this a rare value-add opportunity for prospective tenants seeking flexible and customizable spaces. Modern amenities and ample parking further enhance the appeal of this well-maintained property, providing an ideal environment for businesses to thrive and establish a strong presence in the Dayton market. The property's strategic positioning ensures easy access and excellent exposure, making it a desirable choice for businesses seeking a dynamic and accommodating environment to elevate their operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2781
    Latitude
    39.8164

    Comparable in this City

    • Value Estimation by Request
      141,616 SF

      5120 Salem Ave

      Lifestyle centers • 141,616 SF
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    • Value Estimation by Request
      161,631 SF

      5145 Salem Ave

      Neighborhood centers • 161,631 SF
      5145 Salem Ave, Dayton, OH 45426
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    • Value Estimation
      $1,435,000
      146,363 SF

      5114 Salem Ave

      MINI-MALL • 146,363 SF
      5114 Salem Ave, Dayton, OH 45426-2042
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    • Value Estimation
      $590,000
      51,750 SF

      836 Main St

      MINI-MALL • 51,750 SF
      836 Main St, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      10,251 SF

      706 Main St, Unit 716

      SHOPPING CENTER, STRIP CENTER • 10,251 SF
      706 Main St, Dayton, OH 45426-2909
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    • Value Estimation by Request
      9,789 SF

      728 Main St

      SHOPPING CENTER, STRIP CENTER • 9,789 SF
      728 Main St, Dayton, OH 45426-2909
      View Details

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      Former McDonald's Restaurant Opportunity

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      Retail Center in Trotwood, Ohio

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      Retail Space in Dayton Center

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      27,794 SF

      Dayton Retail Opportunity on SR-49

      Retail space available off State Route 49 in Dayton, Ohio.
      5116-5120 Salem Ave, Dayton, OH 45426
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      Multi-Reuse Opportunity with Drive-Thru

      Versatile space with drive-thru, suitable for restaurant or office.
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    Dayton, OH 45426
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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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