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

    11180 Dixie Dr Vandalia, OH 45377-9318

    • Investment properties
    • 846 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1821345
    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

    • Fiber and Fusion Studio / (Bike/Boat/Book/etc) Store
    • Boboige & Company Cpa Inc / Accounting Firm / Tax Preparation
    • Bowden's Tax Services / Tax Preparation

    Property Details for 11180 Dixie Dr

    Year built
    1960
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    846 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    A01 00202 0076
    APU
    A01002020076

    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
    Vandalia
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1985
    Latitude
    39.9107
    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
    $7,972
    $10,970
    $85,800
    $96,770
    -
    $31,350
    $245,130
    $276,480

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      326 Dellsing Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,250 SF
      326 Dellsing Dr, Vandalia, OH 45377-1345
      View Details
    • Value Estimation by Request
      4,238 SF

      42 National Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,238 SF
      42 National Rd, Vandalia, OH 45377-2130
      View Details
    • Value Estimation by Request
      2,928 SF

      415 Dixie Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,928 SF
      415 Dixie Dr, Vandalia, OH 45377-2556
      View Details
    • Value Estimation
      $585,000
      10,900 SF

      17 Perry St, Unit 27

      OFFICE/RESIDENTIAL (MIXED USE) • 10,900 SF
      17 Perry St, Vandalia, OH 45377-2120
      View Details
    • Value Estimation by Request
      2,709 SF

      34 Dixie Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,709 SF
      34 Dixie Dr, Vandalia, OH 45377-2122
      View Details
    • Value Estimation by Request
      3,205 SF

      8994 Peters Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 3,205 SF
      8994 Peters Pike, Vandalia, OH 45377-9710
      View Details

    Similar Nearby for Sale

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      Vandalia Mixed-Use Property Available

      Mixed-use property in Vandalia, OH, totaling 4,410 square feet.
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    • Contact for pricing

      Land Near Dayton Airport

      Commercial land available near Dayton International Airport.
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    • $395,000

      Commercial Land in Busy Center

      Graded lot with utilities in front of Kroger.
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    • $325,000
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      Standalone Office Building For Sale

      2,120 SF office building with high visibility, easy highway access.
      725 S Dixie Dr, Vandalia, OH 45377
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    • $475,000

      Highway Business Zoned Corner Lot

      Approximately 1 acre corner lot zoned for highway business.
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    • $1,000,000
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      Retail Property on National Road

      Retail property available for sale in Vandalia, Ohio.
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    Similar Nearby for Lease

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      Shoppes at Northwoods Retail Space

      Vandalia, OH Retail Center - 1,600 SF Available
      780-796 Northwoods Blvd, Vandalia, OH 45377
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    • Contact for pricing
      99,000 SF

      99,000 SF Industrial Space Available

      99,000 SF industrial space for lease in Vandalia, OH.
      875 Center Dr, Vandalia, OH 45377
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    • $7 SF/Yr
      4,160 SF

      Vandalia Warehouse Space Available

      4,160 SF warehouse space for lease in Vandalia, Ohio.
      743-787 Crossroads Ct, Vandalia, OH 45377
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    • $2,950 /Mo
      4,000 SF

      Vandalia Commercial Space For Lease

      4,000 sq ft commercial space with garage and office.
      346 N Dixie Dr, Vandalia, OH 45377
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    • $2,500 /Mo
      1,500 SF

      Vandalia Office Space For Lease

      Office space for lease in Vandalia, Ohio.
      1 E National Rd, Vandalia, OH 45377
      View Details
    • $20 SF/Yr
      3,115 SF

      Freestanding Retail Building For Rent

      3,115 SF freestanding building suitable for professional services.
      805 S Dixie Dr, Vandalia, OH 45377
      View Details
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    Vandalia, OH 45377-9318
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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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