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    1488 Forrer Blvd Kettering, OH 45420
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    Property profile & analytics

    1488 Forrer Blvd Kettering, OH 45420

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    • Strip malls
    • 9,248 SF
    • 1.44 lot acres
    For Lease
    $1,395,000
    View Listing →
    Kettering Retail Space Available For Lease
    $1,395,000
    2,500 SF

    Kettering Retail Space Available

    Retail space available in Kettering, Ohio, spanning 2,500 SqFt.

    1488 Forrer Blvd, Kettering, OH 45420
    View Listing
    Property ID
    US66-1101408
    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
    $1,395,000
    Cap Rate Potential
    7.4%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1488 Forrer Blvd

    Year built
    1958
    Construction
    FRAME
    Lot size
    1.44 lot acres
    Property size
    9,248 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    N64 04018 0009
    APU
    N64040180009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,395,000
      ML approach
      $1,395,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,725,000
      6.5%
      $1,595,000
      7%
      $1,480,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,235,000
      MEDICAL BUILDING
      $1,545,000
      APARTMENT HOUSE (5+ UNITS)
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kettering
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1393
    Latitude
    39.7157
    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
    $53,977
    $83,290
    $455,180
    $538,470
    -
    $237,980
    $1,300,500
    $1,538,480

    Comparable in this City

    • Value Estimation by Request
      5,598 SF

      2515 Smithville Rd, Unit 2525

      SHOPPING CENTER, STRIP CENTER • 5,598 SF
      2515 Smithville Rd, Dayton, OH 45420-2639
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    • Value Estimation
      $550,000
      40,268 SF

      2250 Patterson Rd, Unit 2290

      SHOPPING CENTER, STRIP CENTER • 40,268 SF
      2250 Patterson Rd, Dayton, OH 45420-3061
      View Details
    • Value Estimation by Request
      9,450 SF

      2035 Dorothy Ln, Unit 2049

      SHOPPING CENTER, STRIP CENTER • 9,450 SF
      2035 Dorothy Ln, Dayton, OH 45420-1111
      View Details
    • Value Estimation
      $925,000
      51,013 SF

      2270 Dorothy Ln, Unit 2320

      SHOPPING CENTER, STRIP CENTER • 51,013 SF
      2270 Dorothy Ln, Dayton, OH 45420-1146
      View Details
    • Value Estimation
      $1,670,000
      21,730 SF

      2234 Smithville Rd, Unit 2286

      SHOPPING CENTER, STRIP CENTER • 21,730 SF
      2234 Smithville Rd, Kettering, OH 45420-1462
      View Details
    • Value Estimation
      $1,810,000
      9,978 SF

      1300 Wilmington Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,978 SF
      1300 Wilmington Ave, Dayton, OH 45420-1541
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,017 SF

      Retail Space on Dorothy Lane

      Retail space with high visibility and traffic in Kettering, OH.
      2110 E Dorothy Ln, Kettering, OH 45420
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    • Contact for pricing
      9,373 SF

      Family Dollar NNN Investment Opportunity

      NNN leased Family Dollar store for sale.
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    • $499,000

      Dayton Retail/Office Space For Sale

      7,320 SF retail/office space in thriving business district.
      716 Watervliet Ave, Dayton, OH 45420
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    • Contact for pricing

      Land Near I-675, Dayton

      Land in Dayton's growth corridor with easy highway access.
      Founderd Dr, Dayton, OH 45420
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    • $199,000

      Kettering Commercial Land For Sale

      Approximately 1.3 acres of commercial land in Kettering, Ohio.
      Woodman Center Ct, Kettering, OH 45420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Retail Spaces in Kettering Location

      Retail spaces available in well-established Kettering shopping center.
      2270 E Dorothy Ln, Dayton, OH 45420
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space in Kettering Corridor

      Retail spaces available in growing Kettering retail trade corridor.
      3050-3120 Woodman Dr, Dayton, OH 45420
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space in Shopping Center

      Retail space available in a Dayton shopping center.
      1054-1074 Patterson Rd, Dayton, OH 45420
      View Details
    • $16 SF/Yr
      2,277 SF

      Retail Space Near University

      Retail space in high-traffic corridor near University of Dayton.
      541 Wilmington Ave, Dayton, OH 45420
      View Details
    • Contact for pricing

      Watervliet Retail/Office Space Available

      7,320 sq ft retail or office space for rent.
      716 Watervliet Ave, Dayton, OH 45420
      View Details
    • $25 SF/Yr
      920 SF

      Former Restaurant Space Available

      Former Subway restaurant space available for lease.
      528 Wilmington Ave, Dayton, OH 45420
      View Details
    View Listing
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    1488 Forrer Blvd
    Kettering, OH 45420
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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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