Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2824 Wilmington Pike Kettering, OH 45419

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2824 Wilmington Pike Kettering, OH 45419

    View on Map
    • Lifestyle centers
    • 117,845 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2824 Wilmington Pike

    Year built
    1964
    Property size
    117,845 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Wilmington Plaza, located at 2824 Wilmington Pike in Kettering, Ohio, presents a significant retail leasing opportunity. This single-tenant property boasts a total building size of 117,845 square feet, situated on a substantial 28.76-acre lot. Currently, 27,839 square feet of space is available for lease, offering considerable potential for a variety of retail businesses. Built in 1964, the property is well-established within the community and benefits from high visibility due to its prominent location. Ample parking is provided with 523 spaces available for customers and employees. The property is classified as a commercial shopping center and is located in Montgomery County, Ohio, with a zip code of 45419. This presents a unique chance to secure a large, well-located retail space in a thriving area. The property's size and parking capacity make it suitable for a wide range of retail concepts. The significant vacant space offers an opportunity for a business to establish a strong presence in the Kettering market. Interested parties are encouraged to inquire about lease terms and conditions. The property's location offers excellent access to major roadways and a dense population base, ensuring high foot traffic and visibility. This is an exceptional opportunity for a business seeking a substantial retail space in a prime location.

    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
    -84.1394
    Latitude
    39.7056

    Comparable in this City

    • Value Estimation by Request
      22,250 SF

      1000 Dorothy Ln

      SHOPPING CENTER, STRIP CENTER • 22,250 SF
      1000 Dorothy Ln, Dayton, OH 45419-2001
      View Details
    • Value Estimation by Request
      0.20 Acres

      35 Park Ave

      SHOPPING CENTER, STRIP CENTER • 0.20 Acres
      35 Park Ave, Oakwood, OH 45419-3427
      View Details
    • Value Estimation by Request
      15,068 SF

      2305 Far Hls Ave, Unit 2319

      SHOPPING CENTER, STRIP CENTER • 15,068 SF
      2305 Far Hls Ave, Oakwood, OH 45419-1514
      View Details
    • Value Estimation by Request
      4,870 SF

      1314 Dorothy Ln, Unit 1326

      SHOPPING CENTER, STRIP CENTER • 4,870 SF
      1314 Dorothy Ln, Dayton, OH 45419-2117
      View Details
    • Value Estimation by Request
      17,963 SF

      960 Dorothy Ln

      SHOPPING CENTER, STRIP CENTER • 17,963 SF
      960 Dorothy Ln, Dayton, OH 45419-2009
      View Details
    • Value Estimation by Request
      1.00 Acre

      Dorothy Ln

      SHOPPING CENTER, STRIP CENTER • 1.00 Acre
      Dorothy Ln, Dayton, OH 45419
      View Details

    Similar Nearby for Sale

    • $2,200,000
      4,550 SF

      Turnkey Restaurant with Outdoor Patio

      Freestanding 4,550 SF restaurant with full bar and patio.
      2505 Wilmington Pike, Dayton, OH 45419
      View Details
    • Contact for pricing
      5,502 SF

      Restaurant Property with Drive-Thru

      Second-generation restaurant with drive-thru and ample parking.
      2861 Wilmington Pike, Dayton, OH 45419
      View Details
    • Contact for pricing
      4,017 SF

      Retail Space on Dorothy Lane

      Retail space with high visibility and traffic in Kettering, OH.
      2110 E Dorothy Ln, Kettering, OH 45419
      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 45419
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,833 SF

      Wilmington Pike Retail Opportunity

      Ground lease or build-to-suit; high traffic.
      2900 Wilmington Pike, Kettering, OH 45419
      View Details
    • Contact for pricing
      5,833 SF

      Kettering Retail Opportunity: Prime Location

      Restaurant/Retail Land Lease or BTS
      2900 Wilmington Pike, Kettering, OH 45419
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Oakwood, Ohio.
      2515 Far Hills Ave, Oakwood, OH 45419
      View Details
    • $10 SF/Yr
      3,500 SF

      Retail Spaces in Kettering Location

      Retail spaces available in well-established Kettering shopping center.
      2270 E Dorothy Ln, Dayton, OH 45419
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Dorothy Lane

      Retail space for lease with drive-thru potential.
      1459 E Dorothy Ln, Dayton, OH 45419
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Kettering, Ohio.
      2824 Wilmington Pike, Kettering, OH 45419
      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.
    2824 Wilmington Pike
    Kettering, OH 45419
    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.
    Sign Up Successful!
    You now have access to more from Realmo!