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

    10050 Innovation Dr Miamisburg, OH 45342

    • Office buildings
    • 91,758 SF
    • 4.10 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2919578
    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

    • Jason D. Fisher - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Jeremiah Rader - Ameriprise Financial Services, LLC / Investment Service / Financial Planner
    • Sam L. Rinehart - Private Wealth Advisor, Ameriprise Financial Services, LLC / Investment Service / Financial Planner
    • Karen Thompson - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Jeric Wisecup - Financial Advisor, Ameriprise Financial Services, LLC / Investment Service / Financial Planner

    Property Details for 10050 Innovation Dr

    Year built
    2010
    Lot size
    4.10 lot acres
    Property size
    91,758 SF
    Property type
    Office buildings
    APN
    K45 02605 0097
    APU
    K45026050097

    Description

    Austin Landing offers exceptional Class A executive office space in Miamisburg, Ohio. Located at 10050 Innovation Drive, this mixed-use development boasts a total of 460,515 square feet, encompassing retail, office, and restaurant spaces. Currently, there are 72,789 square feet of vacant, immediately available office space, perfect for businesses seeking flexible solutions. Tenants can choose from a range of sizes, with a minimum divisible space of 1,301 square feet and a maximum contiguous space of 25,000 square feet, catering to various business needs and expansion plans. The property is situated in the desirable Miamisburg submarket of Montgomery County, offering convenient access to amenities and major transportation routes. This prime location, combined with the high-quality construction and flexible lease options, makes Austin Landing an ideal choice for businesses seeking a prestigious and functional workspace. The building's "A" class designation reflects its superior construction, modern amenities, and overall quality. Multiple tenancy options are available, allowing for a customized approach to leasing. This opportunity presents a unique chance to establish a presence in a thriving commercial hub. Inquire today to explore the possibilities and secure your ideal office space within this dynamic development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,328,000
      Market price range: $1.33M - $7.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miamisburg
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2345
    Latitude
    39.6014
    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
    $343,194
    $26,250
    $0.00
    $26,250
    -
    $75,000
    $0.00
    $75,000

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      Miami Vlg Dr

      OFFICE BUILDING • 1.35 Acres
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      View Details
    • Value Estimation
      $4,605,000
      61,172 SF

      10000 Innovation Dr

      OFFICE BUILDING • 61,172 SF
      10000 Innovation Dr, Miamisburg, OH 45342-4927
      View Details
    • Value Estimation
      $765,000
      37,672 SF

      3601 Rigby Rd Ste, Unit 310

      OFFICE BUILDING • 37,672 SF
      3601 Rigby Rd Ste, Miamisburg, OH 45342-5040
      View Details
    • Value Estimation by Request
      1,023 SF

      119 5th Stst

      OFFICE BUILDING • 1,023 SF
      119 5th Stst, Miamisburg, OH 45342-2846
      View Details
    • Value Estimation
      $1,675,000
      1.09 Acres

      Technical Dr

      OFFICE BUILDING • 1.09 Acres
      Technical Dr, Miamisburg, OH 45342
      View Details
    • Value Estimation by Request
      1,253 SF

      8378 Byers Rd

      OFFICE BUILDING • 1,253 SF
      8378 Byers Rd, Miamisburg, OH 45342-3722
      View Details

    Similar Nearby for Sale

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    • $4,500,000
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      South Dayton Commercial Land - 38 Acres

      Prime South Dayton location, high traffic counts.
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      Miamisburg Retail Property for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Class A Headquarters Space

      60,000 SF Class A office space in Austin Landing.
      10000 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing

      Class A Headquarters Space Available

      60,000 SF Class A office space in Austin Landing.
      Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      186,000 SF

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      72,357 SF

      Prime Miamisburg Industrial Space

      72,357 SF Flex/Office/Warehouse
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    • Contact for pricing
      460,515 SF

      Austin Landing Executive Suites

      Premium Miamisburg Office Space Available
      10050 Innovation Dr, Miamisburg, OH 45342
      View Details
    • $12 SF/Yr
      41,960 SF

      Miamisburg Office Suite 203

      6,451 SF Office Space in Dayton South
      2835 Miami Village Dr, Miamisburg, OH 45342
      View Details
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    Miamisburg, OH 45342
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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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