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    Property profile & analytics

    1106 State Rte 380 Xenia, OH 45385-9788

    • Retail space
    • 2,730 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2374498
    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

    • Retail space

    Property Details for 1106 State Rte 380

    Year built
    1957
    Lot size
    0.72 lot acres
    Property size
    2,730 SF
    Property type
    Retail space
    APN
    M36-0002-0033.2-0001.00
    APU
    M36000200332000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Xenia
    County
    Greene
    State
    Ohio
    Longitude
    -83.9365
    Latitude
    39.6528
    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
    $2,923
    $10,080
    $38,900
    $48,980
    -
    $28,800
    $111,150
    $139,950

    Comparable in this City

    • Value Estimation by Request
      1,004 SF

      299 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,004 SF
      299 2nd St, Xenia, OH 45385-3692
      View Details
    • Value Estimation by Request
      3,072 SF

      24 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      24 Hl St, Xenia, OH 45385-5614
      View Details
    • Value Estimation by Request
      1,804 SF

      78 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 1,804 SF
      78 2nd St, Xenia, OH 45385-3416
      View Details
    • Value Estimation by Request
      2,888 SF

      78 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,888 SF
      78 Main St, Xenia, OH 45385-3240
      View Details
    • Value Estimation by Request
      2,208 SF

      363 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,208 SF
      363 Main St, Xenia, OH 45385-3244
      View Details
    • Value Estimation by Request
      7,104 SF

      281 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,104 SF
      281 Main St, Xenia, OH 45385-3242
      View Details

    Similar Nearby for Sale

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      Downtown Xenia Two-Story Building

      Two-story, 8,776 SF building in the heart of Xenia.
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      Xenia Office Building - $725K

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      3,224 SF

      Retail Building on 1.25 Acres

      3,224 SF retail building on 1.25 AC lot.
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    • $499,000
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      Unique Flex Building in Xenia

      Versatile flex building suitable for showroom or office use.
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    • $475,000
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      Downtown Xenia Bank Building

      Prime Retail Space, High Traffic Area
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    • $427,000

      Renovated Retail Building in Xenia

      3,051 SF renovated retail building in Xenia, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing
      8,100 SF

      Retail Space in Xenia, Ohio

      Retail space available for lease in Xenia, Ohio.
      1944 Us Route 68 N, Xenia, OH 45385
      View Details
    • Contact for pricing
      1,438 SF

      Retail Space Near Wal-Mart, Lowe’s

      1,438 SF retail end cap available near major retailers.
      110 Hospitality Dr, Xenia, OH 45385
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Anchored by Kroger

      Retail space for lease with ample parking and visibility.
      1700-1872 W Park Sq, Xenia, OH 45385
      View Details
    • Contact for pricing
      10,800 SF

      Retail Space in Kroger-Anchored Center

      Retail space for lease in Xenia, OH shopping center.
      1700 West Park Sq, Xenia, OH 45385
      View Details
    • Contact for pricing
      8,000 SF

      Xenia Retail Building - Prime Location

      8,000 SF Freestanding Retail Space
      281 Main St, Xenia, OH 45385
      View Details
    • $22 SF/Yr
      4,000 SF

      Xenia Retail Center: Prime Space Available

      Restaurant space, 1,000 sq ft, Xenia, OH
      171 Hospitality Dr, Xenia, OH 45385
      View Details
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    1106 State Rte 380
    Xenia, OH 45385-9788
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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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