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Property profile & analytics
FOR LEASE
Strip malls
1200 Brown St Dayton, OH 45409
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-3427592
For Lease
1 / 7
$28 SF/Yr
1200 Brown St, Dayton, OH 45409
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD
Total area
18,820 SF
Lot
0.43 ac (18,644 SF)
APN
R72 02809 0109
UPID
US66-3427592
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$575k
Owner & transaction history
East Aqua Dev II LLC · 8 yrs held
East Aqua Dev II LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,709
Tax year 2023
Assessed value
$494,620
Assessed 2023
Previous assessed
$449,650
+10.0% YoY
Effective rate
9.44%
On assessed value
Assessed land
$43,070
Assessed improvement
$451,550
Land market value
$123,050
Improvement market value
$1,290,150
Total market value
$1,413,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Units
14
Bathrooms
14
Total area
18,820 SF
Lot
0.43 ac (18,644 SF)
APN
R72 02809 0109
UPID
US66-3427592
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
14
Bathrooms
14
Lot
0.43 ac
Current owner
From public records · entity-resolved
East Aqua Dev II LLC
Entity
Mailing address
PO BOX 744, DAYTON, OH 45401-0744
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
—
Brown And Stewart Ltd
—
Deed
related
—
Apr 25, 2019
—
Brown & Stewart Ltd
—
Grant Deed
related
$7,500,000 · Peoples Bk
Jul 17, 2018
—
Brown & Stewart Ltd
—
Loan Modification
related
$9,095,000 · Fifth Third Bk
Oct 25, 2017
$1,325,000
East Aqua Dev II LLC
Anderson,catherine G
Trustees Deed
$1,192,500 · Catherine G Anderson
Jul 10, 2017
—
Brown & Stewart Ltd
—
Loan Modification
related
$7,432,610 · Fifth Third Bk
May 14, 2012
—
Universit Of Dayton
Gagel,frederic E
Warranty Deed
related
—
Dec 5, 2011
—
Brown & Stewart Ltd
—
Deed Of Trust
related
$8,799,269 · Fifth Third Bank
—
—
Brown & Stewart Ltd
—
Loan Modification
related
$9,695,000 · Fifth Third Bank
—
—
Brown & Stewart Ltd
—
Loan Modification
related
$7,946,615 · Fifth Third Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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