Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4302 Dixie Dr Dayton, OH 45414

    • Specialty properties
    • 10,468 SF
    • 1.30 lot acres
    For Sale
    View listing
    $799,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 4302 Dixie Dr

    Year built
    1950
    Lot size
    1.30 lot acres
    Property size
    10,468 SF
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 10,468 square foot property, located at 4302 N Dixie Dr, Dayton, OH 45414, presents a unique investment opportunity. Originally built in 1950 and extensively renovated in 2021 and 2022, this single-story building sits on a 1.3-acre lot and is zoned for Commercial Service District. The property features a large open event space with a vaulted ceiling and state-of-the-art acoustics, capable of seating 180 for dinner or 386 for an orchestra. Amenities include a bar, elevated stage constructed from repurposed bowling lanes, a green room with a makeup station, full bathroom, and kitchen, a production room, and a sound room with an easy control station. A partially finished adjacent space offers potential for additional seating and is connected to a full kitchen. Recent upgrades include a new 3-phase electrical service, new HVAC systems, new flooring, wall treatments, and acoustical enhancements. The stage curtain is a unique feature, originally from the Grammy Awards. The property's APN is E21-17405-0022, E21-17405-0042, E21-17405-0043, E21-17405-0044, E21-17405-0045, E21-17405-0067. The asking price is $799,000, with a price per square foot of $76.33. Ideal for special events, stage productions, or streaming concerts. The property was last occupied on November 10, 2022. This versatile space offers numerous possibilities for a variety of uses.

    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
    -84.196
    Latitude
    39.8057

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      4917 Webster St

      Churches & religious facilities • 5,000 SF
      4917 Webster St, Dayton, OH 45414
      View Details
    • Value Estimation by Request
      20,075 SF

      6205 Miller Ln

      Churches & religious facilities • 20,075 SF
      6205 Miller Ln, Dayton, OH 45414
      View Details
    • Value Estimation by Request
      0.30 Acres

      Obell Ct

      CHARITABLE ORGANIZATION • 0.30 Acres
      Obell Ct, Dayton, OH 45414
      View Details
    • Value Estimation by Request
      38.66 Acres

      Brantford Rd

      CHARITABLE ORGANIZATION • 38.66 Acres
      Brantford Rd, Dayton, OH 45414
      View Details
    • Value Estimation by Request
      2,186 SF

      6638-6640 Walnut Rdg Rd

      CHARITABLE ORGANIZATION • 2,186 SF
      6638-6640 Walnut Rdg Rd, Dayton, OH 45414
      View Details
    • Value Estimation by Request
      2,451 SF

      7579 Gardenside Dr

      CHARITABLE ORGANIZATION • 2,451 SF
      7579 Gardenside Dr, Dayton, OH 45414-2219
      View Details

    Similar Nearby for Sale

    • $799,000
      10,468 SF

      Dayton Multi-Use Venue

      Unique 10,468 sq ft event space.
      4302 Dixie Dr, Dayton, OH 45414
      View Details
    • Contact for pricing
      1.44 Acres

      Prime Dayton Commercial Land

      1.44 Acres, I-75 Exposure, High Traffic
      6300 Miller Ln, Dayton, OH 45414
      View Details
    • Contact for pricing
      1.94 Acres

      Dayton Commercial Land - I-75 Access

      1.94 Acres, Highway Business Zoning, Prime Location
      3310 Benchwood Rd, Dayton, OH 45414
      View Details
    • $450,000
      5.89 Acres

      Dayton Industrial Land - 5.89 Acres

      Prime Dayton location, I-75 access, OSI-2 zoning.
      6101 Webster St, Dayton, OH 45414
      View Details
    • Contact for pricing
      4.18 Acres

      Lancaster County Warehouse Space

      10,000 SF Warehouse, Prime Location
      86 Paddock Rd, Dayton, OH 45414
      View Details
    • $200,000
      1 SF

      Prime Land Parcel Near I-75

      1.11-acre parcel with high visibility near I-75 and I-70.
      3616 Maxton Ave, Dayton, OH 45414
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      54,636 SF

      Dayton Industrial Space for Lease

      Versatile Office & Warehouse, I-75 Access
      2554 Needmore Rd, Dayton, OH 45414
      View Details
    • $20 SF/Yr
      7,839 SF

      Unique Office Space with Atrium

      Five-story office building with atrium, fitness center, and parking.
      6450 Poe Ave, Dayton, OH 45414
      View Details
    • $9 SF/Yr
      10,695 SF

      Dayton Warehouse - 5,000 SF Available

      Industrial warehouse space for lease in Dayton, Ohio.
      3739 Inpark Cir, Dayton, OH 45414
      View Details
    • $5 SF/Yr
      5,520 SF

      Dayton Warehouse with Drive-in Door

      5,520 SF warehouse with 12' ceilings and I-75 access.
      3904-3982 Image Dr, Dayton, OH 45414
      View Details
    • $2,499,999
      20,013 SF

      Freestanding Retail Space in Dayton

      Well-positioned retail space in the Miller Lane retail corridor.
      3498 York Commons Blvd, Dayton, OH 45414
      View Details
    • $5,000 /Mo
      1,350 SF

      Renovated Office Building with Garage

      Renovated office building featuring a garage, kitchen, and fenced patio.
      2520-2524 Nordic Rd, Dayton, OH 45414
      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.
    4302 Dixie Dr
    Dayton, OH 45414
    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

    Google sign-in failed. Please try again or use another login method.