2642 Indian Ripple Rd Dayton, OH 45440
- Industrial properties
- 4,992 SF
- 5.15 lot acres
Current Use by Public Records
- Dayton Environmental Testing, LLC - Asbestos and Mold Experts / Building Inspector / Asbestos Testing Service
- Russ Innovation Gateway / Conference Center
Property Details for 2642 Indian Ripple Rd
- Year built
- 1963
- Lot size
- 5.15 lot acres
- Property size
- 4,992 SF
- Property type
- Industrial properties
- APN
- B03-0001-0023.0-0361.00
- APU
- B03000100230036100
Description
The Russ Technology and Innovation Center offers diverse office spaces for lease in Dayton, Ohio, at 2642 Indian Ripple Rd, 45440. This multi-building complex, totaling 194,534 square feet on 29 acres, features eight buildings and provides options ranging from 104 to 12,461 contiguous square feet. Currently, 28,105 square feet are available, with various suite sizes accommodating diverse business needs. The property boasts a Class C rating, built in 1965, and includes six loading docks and six drive-ins, reflecting its suitability for various business types. The zoning is PUD-RP. Available units range from small, efficient spaces ideal for startups or individual professionals, to larger suites suitable for expanding businesses. The property's amenities include heating, air conditioning, and utilities. Annual property taxes are $0.63 per square foot. The property is under new management and offers build-out and tenant improvement allowances for select larger spaces. Individual unit rental rates vary depending on size and location within the complex. This location offers excellent access to major transportation routes and is situated in a desirable area of Dayton. The property's diverse suite sizes and amenities make it an attractive option for a wide range of businesses. The APN is B03-0001-0023-0-0015-00.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,575,000
- 6.5%
- $4,105,000
- 7%
- $4,735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,665,000
- Geo Method
- $4,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,185,000
- Retail
- $5,440,000
- Mixed-Use
- $4,165,000
- Hospitality
- $5,440,000
- Educational
- $5,340,000
- Residential Income
- $5,080,000
- Energy
- $4,350,000
- Income-Based Land
- $4,840,000
- Food Service
- $4,115,000
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Greene
- State
- Ohio
- Longitude
- -84.0345
- Latitude
- 39.6922
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
