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
    Property profile & analytics

    2900 Presidential Dr Fairborn, OH 45324

    • Office buildings
    • 61,746 SF
    • 3.95 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Feb 05, 2021
    $3,438,750
    Value Estimations
    $3,050,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2012077
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bankers Life / Financial Planner / Health Insurance Agency
    • Harold Bischoff, Bankers Life Agent / Insurance Agency
    • Taunita Daniels, Bankers Life Agent / Insurance Agency
    • Elizabeth Ayler, Bankers Life Agent / Insurance Agency
    • Rodrea Smith, Bankers Life Agent / Insurance Agency

    Property Details for 2900 Presidential Dr

    Year built
    1987
    Lot size
    3.95 lot acres
    Property size
    61,746 SF
    Zone code
    PD-2
    Property type
    Office buildings
    APN
    B41-0002-0038.0-0007.00
    APU
    B41000200380000700

    Description

    The Wright Executive Center offers exceptional office space for lease in Fairborn, Ohio. This Class B property, built in 1987, comprises two three-story buildings totaling 61,746 square feet. Currently, 2,825 square feet of office space is available for lease. The minimum leasable space is 1,362 square feet, with a maximum contiguous space of 1,463 square feet. The property sits on a 3.95-acre lot and is zoned PD-2. The address is 2900 Presidential Drive, Fairborn, OH 45324. Its convenient location offers easy access to numerous amenities within walking distance, and it's directly across the street from Wright State University and near Wright Patterson Air Force Base. This multi-tenant building provides a variety of office suite options, ideal for businesses seeking a flexible and well-situated workspace. The property features a total of 61,746 square feet across two buildings. The APN numbers are B41-0002-0037-0-0013-00 and B41-0002-0038-0-0007-00.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,525,000
      ML approach
      $2,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,999,000
      Market price range: $2.52M - $8.04M
      AI Estimate
      $2,315,000
      Market price range: $1.85M - $3.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,185,000
      Current use
      RETAIL STORES
      $4,685,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $4,230,000
      Change: +1% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,205,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,645,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beavercreek
    County
    Greene
    State
    Ohio
    Longitude
    -84.0598
    Latitude
    39.7757
    CBSA code
    19430
    CBSA name
    DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $85,235
    $227,210
    $1,085,830
    $1,313,040
    -
    $649,170
    $3,102,370
    $3,751,540

    Comparable in this City

    • Value Estimation by Request
      10,400 SF

      16 Broad St

      PROFESSIONAL BUILDING • 10,400 SF
      16 Broad St, Fairborn, OH 45324-4672
      View Details
    • Value Estimation
      $3,165,000
      76,912 SF

      2600 Paramount Pl

      PROFESSIONAL BUILDING (MULTI-STORY) • 76,912 SF
      2600 Paramount Pl, Fairborn, OH 45324-6819
      View Details
    • Value Estimation by Request
      8,240 SF

      16 Broad St

      PROFESSIONAL BUILDING • 8,240 SF
      16 Broad St, Fairborn, OH 45324-4672
      View Details
    • Value Estimation by Request
      4,246 SF

      440 Main St

      PROFESSIONAL BUILDING • 4,246 SF
      440 Main St, Fairborn, OH 45324-4817
      View Details
    • Value Estimation
      $1,070,000
      35,868 SF

      3100 Presidential Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 35,868 SF
      3100 Presidential Dr, Beavercreek, OH 45324-9039
      View Details
    • Value Estimation by Request
      4,626 SF

      21 Broad St

      PROFESSIONAL BUILDING • 4,626 SF
      21 Broad St, Fairborn, OH 45324-4658
      View Details

    Similar Nearby for Sale

    • $694,998
      9,600 SF

      Fairborn Office Building For Sale

      Office building with convenient access and ample parking.
      1860 Successful Dr, Fairborn, OH 45324
      View Details
    • $1,560,000
      15,600 SF

      Fairborn Two-Story Building For Sale

      15,600 SF building on 1.3 acres near I-675.
      600 E Dayton Yellow Springs Rd, Fairborn, OH 45324
      View Details
    • Contact for pricing
      4,091 SF

      Fairborn Office Space Available

      Office space for sale in Fairborn, Ohio, 4091 square feet.
      1045 Channingway Dr, Fairborn, OH 45324
      View Details
    • $1,940,000
      13,638 SF

      Successful Drive Office Building

      13,638 SF Office, Fairborn, OH
      1810 Successful Dr, Fairborn, OH 45324
      View Details
    • $4,650,420
      6.00 Acres

      Fairborn Industrial Land - 94 Acres

      Prime Ohio industrial land, divisible parcels.
      0 Oh-444, Fairborn, OH 45324
      View Details
    • $1,500,000

      Corner Land Near Menard's

      Commercial land with traffic light access near Menard's.
      E Dayton Yellow Springs Rd, Fairborn, OH 45324
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      13,638 SF

      Fairborn Office Space For Rent

      Professional office building near Wright Patterson Air Force Base.
      1810 Successful Dr, Fairborn, OH 45324
      View Details
    • $12 SF/Yr
      31,219 SF

      Skyway Plaza: Fairborn Office Space

      Prime Fairborn Office, 873 sq ft available.
      1148 Kauffman Ave, Fairborn, OH 45324
      View Details
    • $20 SF/Yr
      1,538 SF

      Fairborn Office Space For Lease

      Three-story office building with ample parking and multiple suites.
      2970 Presidential Dr, Fairborn, OH 45324
      View Details
    • $18 SF/Yr
      63,849 SF

      2555 University Drive

      Office Properties & Spaces • 63,849 SF
      2555 University Blvd, Fairborn, OH 45324
      View Details
    • $18 SF/Yr
      37,351 SF

      Wright Executive Center: Premier Office Space

      Modern Offices, Flexible Suites, I-675 Visibility
      3000 Presidential Dr, Fairborn, OH 45324
      View Details
    • $6 SF/Yr
      230,233 SF

      Fairborn Office Space: 11,236 SF Available

      Prime Fairborn office space, ideal for multiple tenants. Excellent location & amenities.
      678 Yellow Springs-Fairfield Rd, Fairborn, OH 45324
      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.
    2900 Presidential Dr
    Fairborn, OH 45324
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.