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

    10 Rockridge Rd Englewood, OH 45322-2710

    • Hotels
    • 53,492 SF
    • 4.75 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2022
    $4,450,000
    Value Estimations
    $4,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2389989
    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

    • Quality Inn Dayton Airport / Hotel & Motel
    • FedEx Drop Box / Postal Service / Courier Service
    • Humpty's / Bar & Pub / Restaurant

    Property Details for 10 Rockridge Rd

    Year built
    1974
    Lot size
    4.75 lot acres
    Property size
    53,492 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    M57 00501 0059
    APU
    M57005010059

    Description

    This exceptional 88,882 square-foot, four-story hotel presents a compelling investment opportunity. Located in Englewood, Ohio, near the Dayton airport, this Quality Inn boasts 148 keys and underwent a complete renovation in 2024, maintaining Quality Inn brand standards. Originally built in 1974, the property sits on a 4.75-4.76 acre lot and is zoned C - Motels, offering versatile usage potential. The property features a strong pro-forma NOI of $520,000, representing a 10% cap rate on the $5,200,000 asking price. This translates to a price per key of $35,135.14 and a price per square foot of $58.50. Financial records indicate positive revenue trends with significant upside potential for increased occupancy and average daily rate (ADR). The property's prime location near major transportation routes and its established presence in a thriving commercial market contribute to its strong investment potential. Minimal property improvement plan (PIP) is anticipated if the Quality Inn franchise affiliation is continued. Ample parking is available for guests and visitors. The well-maintained interior and attractive exterior enhance the property's appeal. This fee-simple acquisition offers diverse opportunities for alternative utilization, making it an attractive investment for both experienced and emerging investors seeking a strong return in the Dayton, Ohio market. The property's APN is M57 00501 0059.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,270,000
      ML approach
      $3,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,935,000
      6.5%
      $5,480,000
      7%
      $5,090,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,924,000
      Market price range: $3.43M - $8.00M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,780,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2828
    Latitude
    39.8587
    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
    $118,414
    $129,130
    $1,276,950
    $1,406,080
    -
    $368,940
    $3,648,440
    $4,017,380

    Comparable in this City

    • Value Estimation
      $1,550,000
      29,136 SF

      20 Rockridge Rd

      HOTEL/MOTEL • 29,136 SF
      20 Rockridge Rd, Englewood, OH 45322-2710
      View Details
    • Value Estimation
      $2,065,000
      28,846 SF

      180 Rockridge Rd

      HOTEL/MOTEL • 28,846 SF
      180 Rockridge Rd, Englewood, OH 45322-2737
      View Details
    • Value Estimation by Request
      0.07 Acres

      State Rte 48

      VACANT COMMERCIAL LAND • 0.07 Acres
      State Rte 48, Englewood, OH 45322
      View Details
    • Value Estimation by Request
      2.01 Acres

      Taywood Rd

      VACANT COMMERCIAL LAND • 2.01 Acres
      Taywood Rd, Englewood, OH 45322
      View Details
    • Value Estimation by Request
      0.20 Acres

      703 Taywood Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.20 Acres
      703 Taywood Rd, Englewood, OH 45322-1822
      View Details
    • Value Estimation by Request
      0.74 Acres

      714 Taywood Rd

      VACANT COMMERCIAL LAND • 0.74 Acres
      714 Taywood Rd, Englewood, OH 45322-1821
      View Details

    Similar Nearby for Sale

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      Retail property for sale with high traffic visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      132,276 SF

      Englewood Commercial Land Opportunity

      Prime 0.52-acre commercial lot, single tenant.
      602 Taywood Rd, Englewood, OH 45322
      View Details
    • Contact for pricing
      10,004 SF

      Englewood Retail Space For Rent

      Retail space available across from Kroger-anchored center in Englewood, OH.
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      View Details
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      1,580 SF

      Retail Outlot Opportunity

      Half-acre outlot suitable for single-tenant retail or office.
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      View Details
    • Contact for pricing

      Land For Rent Clayton

      Land available for rent in Clayton, Ohio.
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      View Details
    • $13 SF/Yr
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      Single-story office, 50 parking spaces, available October 1, 2024.
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      Englewood Retail Center Space Available

      Retail space available in a 132,276 SF shopping center.
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      View Details
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    10 Rockridge Rd
    Englewood, OH 45322-2710
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    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
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