Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5692 Far Hills Ave Dayton, OH 45429
    Back to Search
    Property profile & analytics

    5692 Far Hills Ave, Dayton, OH 45429

    View on Map
    • Office Spaces
    • 19,024 SF
    • 2.61 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. David Evans / Physician
    • Quadri Nazneen M MD / Pediatrician / Medical Clinic
    • Pohl Kenneth P MD / Physician
    • Orthopedic Reconstructive Surgery / Physician
    • Orthopedic Reconstructive Sur / Physician

    Property Details for 5692 Far Hills Ave

    Year built
    1980
    Lot size
    2.61 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional medical office building, located at 5692 Far Hills Avenue in Dayton, Ohio, presents a unique investment opportunity. The property boasts a total of 19,024 square feet across two, two-story buildings situated on a generous 2.61-acre lot. Built in 1980 and renovated in 1992, the Class B building offers multiple tenancy options, with spaces ranging from a minimum of 1,623 square feet to a maximum contiguous space of 2,473 square feet. Currently, there are 6,356 square feet of vacant space available, ideal for expanding practices or new tenants seeking a prominent Dayton location. The property's address is 5692 Far Hills Ave, Dayton, OH 45429, and its Montgomery County location provides excellent access to major roadways and a thriving medical community. The property's APN is O67-03709-0222. This is an excellent opportunity to acquire a well-maintained medical office building with significant potential for growth and income generation. The property's size and layout offer flexibility for a variety of medical practices or office uses. Don't miss this chance to secure a prime location in a desirable market.

    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
    -84.1593
    Latitude
    39.6637

    Comparable in this City

    • Value Estimation by Request
      6,736 SF

      3550 Far Hills Ave

      Medical Office Space
      3550 Far Hills Ave, Kettering, OH 45429
      View Details
    • Value Estimation by Request
      1,674 SF

      4055 Far Hills Ave

      Medical Office Space
      4055 Far Hills Ave, Kettering, OH 45429
      View Details
    • Value Estimation by Request
      6,736 SF

      3550 Far Hills Ave

      Medical Office Space
      3550 Far Hills Ave, Kettering, OH 45429
      View Details
    • Value Estimation by Request
      26,690 SF

      5250 Far Hills Ave

      Medical Office Space
      5250 Far Hills Ave, Kettering, OH 45429
      View Details
    • Value Estimation
      $1,540,000
      13,601 SF

      33 Rahn Rd

      MEDICAL BUILDING
      33 Rahn Rd, Dayton, OH 45429-2219
      View Details
    • Value Estimation
      $5,160,000
      49,116 SF

      500 Lincoln Park Blvd

      MEDICAL BUILDING
      500 Lincoln Park Blvd, Dayton, OH 45429-3492
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,509 SF

      Move-in Ready Kettering Office Building

      Updated office building in prime location with ample parking.
      305 E Stroop Rd, Kettering, OH 45429
      View Details
    • Contact for pricing
      17,879 SF

      Dayton Office Building For Sale

      Office building with 17879 square feet of space.
      10 Southmoor Cir NW, Dayton, OH 45429
      View Details
    • Contact for pricing
      3,473 SF

      Freestanding Renovated Office Building

      Renovated office building with ample parking in Kettering.
      40 Southmoor Cir NE, Dayton, OH 45429
      View Details
    • Contact for pricing

      Land in Kettering Retail Corridor

      Land with high visibility and frontage on E Stroop Road.
      1301 E Stroop Rd, Dayton, OH 45429
      View Details
    • Contact for pricing
      3,075 SF

      Freestanding Retail Building on Dorothy

      Freestanding building with great signage and visibility on E Dorothy.
      504 E Dorothy Ln, Dayton, OH 45429
      View Details
    • Contact for pricing

      Land For Sale Dayton

      Approximately 2.93 acres of land available for sale.
      3915 Woodman Dr, Dayton, OH 45429
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Medical/Office Space

      Move-in ready suites in a park-like setting near hospitals.
      580 Lincoln Park Blvd, Dayton, OH 45429
      View Details
    • Contact for pricing
      1,060 SF

      Medical Office Space Available

      1,060 SF medical office space for lease.
      5250 Far Hills Ave, Dayton, OH 45429
      View Details
    • Contact for pricing
      1,500 SF

      Washington Township Office Space Available

      Office space for rent in a medical wellness center.
      30 W Rahn Rd, Dayton, OH 45429
      View Details
    • Contact for pricing
      7,500 SF

      Land for New Construction Office

      Land available for new office construction in Kettering location.
      111 W Dorothy Ln, Dayton, OH 45429
      View Details
    • Contact for pricing

      Class A Medical/Office Space

      Move-in ready suites in a park-like setting near amenities.
      540 Lincoln Park Blvd, Kettering, OH 45429
      View Details
    • Contact for pricing
      5,010 SF

      Class A Medical/Office Space

      Suites available from 500 to 4,500 SF for rent.
      540 Lincoln Park Blvd, Dayton, OH 45429
      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.
    5692 Far Hills Ave
    Dayton, OH 45429
    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
    5692 Far Hills Ave, Dayton, OH, 45429
    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!