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    1243 Ash St Piqua, OH 45356-4107
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    Property profile & analytics

    1243 Ash St Piqua, OH 45356-4107

    View on Map
    • Retail properties & Spaces
    • 59,306 SF
    • 5.28 lot acres
    Off-Market
    Property ID
    US66-0154190
    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.
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 1243 Ash St

    Year built
    1970
    Lot size
    5.28 lot acres
    Property size
    59,306 SF
    Property type
    Retail properties & Spaces
    APN
    N44-078770
    APU
    N44078770

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,687,000
      Market price range: $1.69M - $3.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.2117
    Latitude
    40.1497
    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
    $15,610
    $83,930
    $181,930
    $265,860
    -
    $239,800
    $519,800
    $759,600

    Comparable in this City

    • Value Estimation by Request
      5,800 SF

      115 Staunton St

      Medical Office Space • 5,800 SF
      115 Staunton St, Piqua, OH 45356
      View Details
    • Value Estimation
      $9,000,000
      116,000 SF

      1200 Ash St

      DEPARTMENT STORE • 116,000 SF
      1200 Ash St, Piqua, OH 45356-4160
      View Details
    • Value Estimation
      $13,695,000
      189,009 SF

      1300 Ash St

      DEPARTMENT STORE • 189,009 SF
      1300 Ash St, Piqua, OH 45356-4100
      View Details
    • Value Estimation by Request
      5,800 SF

      115 Staunton St

      Medical space • 5,800 SF
      115 Staunton St, Piqua, OH 45356
      View Details
    • Value Estimation by Request
      9,600 SF

      1225 Ash St

      Neighborhood centers • 9,600 SF
      1225 Ash St, Piqua, OH 45356
      View Details
    • Value Estimation by Request
      9,167 SF

      607 Water St

      DEPARTMENT STORE • 9,167 SF
      607 Water St, Piqua, OH 45356-2157
      View Details

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    • Contact for pricing

      Land For Sale

      Land available for sale.
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    • $545,000
      4,348 SF

      Renovated Retail Property with Showroom

      Retail property featuring a showroom, renovated building, and fenced lot.
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    • New
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      Historic Edison-Era Building in Piqua

      Historic commercial building in downtown Piqua, ideal for redevelopment.
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      Versatile Commercial Building in Piqua

      Almost 6000 SF commercial building with multiple possibilities.
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    • $180,000

      Gas Station with Lottery Business

      Gas station with real estate and established lottery business.
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    • $169,000
      6,400 SF

      Prime Piqua Commercial Space

      6400 sq ft, Corner Lot, High Visibility
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      10,480 SF

      Former Moose Lodge For Lease

      Commercial space suitable for bar, restaurant, or retail.
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    • $6 SF/Yr
      5,800 SF

      Prime Piqua Medical Office Building

      5,800 SF Medical/Retail Office in Ohio
      115 Staunton St, Piqua, OH 45356
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    • Contact for pricing
      3,789 SF

      Neighborhood Retail Center Space Available

      Retail space for lease in a neighborhood shopping center.
      1555-1579 Covington Ave, Piqua, OH 45356
      View Details
    • Contact for pricing
      2,760 SF

      Retail Space in Miami Valley

      Retail space available in strategically located Miami Valley Crossing.
      1210-1256 E Ash St, Piqua, OH 45356
      View Details
    • Contact for pricing
      475 SF

      Downtown Piqua Studio Space

      Studio and coworking spaces in Piqua Arts & Innovation Center.
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      View Details
    • Contact for pricing

      Piqua, OH Land Lease Opportunity

      Four-acre development with pad sites available for ground lease.
      902 Scott Dr, Piqua, OH 45356
      View Details
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    Piqua, OH 45356-4107
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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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