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Property profile & analytics
OFF-MARKET
Estimated value
$5,885,000
Medical Office Space
1222 Patterson Blvd, Dayton, OH 45402-2684
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-6255704
Property summary
AI-generated overview
This exceptional Class A medical office building, the Wright Health Building, offers 75,120 square feet of space in a single, four-story building located at 1222 S Patterson Blvd, Dayton, OH 45402. Constructed in 1993, the building boasts two passenger elevators and ample on-site parking. Currently, there is 6,631 square feet of vacant space available for lease within this multi-tenant building. The building features an electronic directory for easy navigation. Its strategic location in Dayton's desirable submarket offers convenient access to major thoroughfares, including I-75, and is situated near prominent institutions such as Miami Valley Hospital and the University of Dayton. This property presents a unique opportunity for medical practices seeking a well-maintained, conveniently located, and highly visible space in a thriving area of Montgomery County. The building's prime location and modern amenities make it an attractive option for businesses seeking a professional and efficient workspace. Lease terms are competitive.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
76,769 SF
Lot
4.43 ac (193,145 SF)
APN
R72 03007 0006
UPID
US66-6255704
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
Current use
Occupant on record · Public records
-
The Wright Health building Medical Clinic
-
Steve A. Sato, DDS Dental Office
-
Equitas Health Dayton Medical Center Medical Clinic
-
Premier Infectious Diseases Medical Clinic
-
Cropper James R Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.15M
Blend (final)
Blend
$5.89M
Owner & transaction history
Cmk2 Dayton LLC · 8 yrs held
Cmk2 Dayton LLC
since 2018
5 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
Blend value · Realmo final
$5.89M
Range $5.30M – $6.47M · ±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
$77 / 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
Assessed value
$1,469,000
Assessed 2023
Previous assessed
$2,862,060
-48.7% YoY
Assessed land
$5,080
Assessed improvement
$1,463,920
Land market value
$14,510
Improvement market value
$4,182,620
Total market value
$4,197,130
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
YES
Cooling
CENTRAL
Stories
4
Total area
76,769 SF
Lot
4.43 ac (193,145 SF)
APN
R72 03007 0006
UPID
US66-6255704
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
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Stories
4
Lot
4.43 ac
Current owner
From public records · entity-resolved
Cmk2 Dayton LLC
Entity
Free & Clear · 8 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
$10,500,000
Cmk2 Dayton LLC
Dayton Medical Properties LLC
Grant Deed
related
—
Jan 6, 2016
—
Dayton Medical Properties LLC
Hcp Crs2 Wright Health Oh LLC
Quit Claim Deed
related
$407,176,000 · Capital One NA
Mar 2, 2007
$10,000,000
Hcp Crs2 Wright Health Oh LLC
Wright Dayton Property
Grant Deed
related
—
May 26, 2005
$8,200,000
Dayton Property Wright
Wright Health Associates
Warranty Deed
$8,000,000 · State Farm Bank Fsb
—
—
Wright Health Associates
—
Deed Of Trust
related
$4,800,000 · Bank One NA
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.
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