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121 Progress Dr Xenia, OH 45385-2673

OFF-MARKET Commercial land Google Maps
4,837 SF 0.56 ac lot Built 2002
Entity Owned ~ Est. High Equity
Estimated value (blended)
$455k
Range $410k – $501k (±10%)
Property ID US66-0834679

Property summary

AI-generated overview

This exceptional 4,837 square foot commercial building in Xenia, Ohio, is available for $725,000. Located at 121 Progress Dr, this Class B property sits on a 0.56-acre lot (APN: M40000100230023700) and boasts a highly visible location across from Walmart and Lowe's, ensuring excellent exposure. Built in 2002 and renovated in 2019, the building features attractive all-brick exterior and updated interiors including luxury vinyl plank flooring and fresh paint. The versatile floor plan includes five exam rooms (each with sinks and storage), a lead-shielded room, multiple offices, a dedicated records room, a spacious waiting area, three public restrooms, and a convenient breakroom. The property is zoned Commercial - PUD and is ideally suited for a variety of uses, including medical practices (such as counseling, dermatology, orthopedics, podiatry, or chiropractic), wellness centers, or a daycare. Ample parking is available. The building is currently vacant and ready for immediate occupancy on October 18, 2024. This is a prime opportunity to establish a thriving business in a high-traffic retail area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2002
Total area 4,837 SF
Lot 0.56 ac (24,568 SF)
APN M40-0001-0023.0-0237.00
UPID US66-0834679

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Employment Agency
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2026
7 recorded transactions
2026
$675,000
2020
Price N/A
2019
Price N/A
2010
$525,000
2002
$600,000
2001
$77,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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