Entity Owned Property summary
This exceptional redevelopment opportunity presents a 60-unit apartment building situated on a generous 3.75-acre lot at 1384 N Monroe Dr., Xenia, OH 45385. Currently vacant, the 31,177 square foot building, built in 1968 and renovated in 1998, offers significant potential. The property is zoned for multifamily use and boasts a pro-forma NOI of $354,936. The asking price is $400,000, representing a price per unit of $33,333. This represents a 50% interest in a Tenants-In-Common (TIC)… ownership structure. The seller requires a 1031 exchange and is not offering seller financing. The property features ample parking and extensive grounds, ideal for creating park-like amenities. It is conveniently located near the new $4.4 billion Honda/LG Battery plant, creating approximately 2,200 new jobs. A 1994 tax abatement is in place, offering substantial tax savings for twelve years. While the building requires updates to HVAC, electrical, plumbing, and windows (roof is newer, circa 2015), a construction estimate of $2 million is available. The property is ADA compliant and currently configured with 42 rooms with private restrooms and 74 beds. Additional features include laundry facilities, a commercial kitchen, dining and living rooms, reception area, administrative offices, and four wings with separate common areas. Pro forma details are available to qualified prospects with proof of funds and a signed non-disclosure agreement. This property is ideally suited for management companies in the Cincinnati, Dayton, or Columbus areas. Local lenders with CRA requirements and HUD conduit capabilities can facilitate construction-permanent financing.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 5 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 30,887 SF
- Lot area
- 3.03 ac
- Year built
- 1963
- Stories
- 1
- APN
- M40-0002-0001.0-0090.00
- Assessed value · 2023
- $100,230
- Annual tax · 2023
- $5,539
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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