Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    150 Robert M Davis Pkwy Piqua, OH 45356-8338
    Back to Search
    Property profile & analytics

    150 Robert M Davis Pkwy, Piqua, OH 45356-8338

    View on Map
    • Parking lots & garages
    • 7,726 SF
    • 6.97 lot acres
    Off-Market
    Property ID
    US66-2107976
    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
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dick Lumpkin Auto Body, Inc. / Auto Repair Shop

    Property Details for 150 Robert M Davis Pkwy

    Year built
    1999
    Lot size
    6.97 lot acres
    Property type
    Parking lots & garages
    APN
    N44-100682
    APU
    N44100682

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2025 $500,000 Mtl Real Estate LLC Key Equity Partners LLC Warranty Deed $690k · First Bank Richmond NA
    Mar 5, 2025 — Mtl Real Estate LLC — Deed · related $690k · First Bank Richmond NA
    Apr 26, 2024 — Mtl Real Estate LLC — Deed · related $215k · First Bank Richmond NA
    Oct 12, 2023 $128,000 Key Equity Partners LLC James C Koehler Warranty Deed $90k · The Farmers & Merchants State Bank
    Feb 3, 2023 — Mtl Real Estate LLC — Deed · related $150k · First Bank Richmond NA
    Jun 13, 2019 — Mtl Real Estate LLC Lumpkin,michael T & Lucinda Warranty Deed $280k · Mutual Fed'l
    Jan 22, 2015 — Jose M Lopez Lumpkin,richard J Affidavit Of Death · related —
    — — Lumpkin Richard J Living Trust — Deed Of Trust · related $116k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $861,000
      Market price range: $339k - $861k
      AI Estimate
      $1,012,000
      Market price range: $491k - $1.01M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $595,000
      Current use
      COMMERCIAL (GENERAL)
      $730,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $660,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.2816
    Latitude
    40.1409
    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
    $14,972
    $46,480
    $208,500
    $254,980
    -
    $132,800
    $595,700
    $728,500

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Garnsey St

      PARKING GARAGE, PARKING STRUCTURE
      Garnsey St, Piqua, OH 45356
      View Details
    • Value Estimation by Request
      0.13 Acres

      336 Main St

      PARKING GARAGE, PARKING STRUCTURE
      336 Main St, Piqua, OH 45356-3511
      View Details
    • Value Estimation by Request
      3,564 SF

      118 Ss St

      PARKING GARAGE, PARKING STRUCTURE
      118 Ss St, Piqua, OH 45356-3852
      View Details
    • Value Estimation by Request
      1,350 SF

      1402 Ss St, Unit 4

      PARKING GARAGE, PARKING STRUCTURE
      1402 Ss St, Piqua, OH 45356-2901
      View Details
    • Value Estimation by Request
      2,210 SF

      212-214 Ash St

      PARKING LOT
      212-214 Ash St, Piqua, OH 45356
      View Details
    • Value Estimation by Request
      1,836 SF

      514 Greene St

      PARKING GARAGE, PARKING STRUCTURE
      514 Greene St, Piqua, OH 45356
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Gas Station with Lottery Business

      Gas station with real estate and established lottery business.
      200 N Sunset Dr, Piqua, OH 45356
      View Details
    • Contact for pricing
      4,970 SF

      Versatile Commercial Building in Piqua

      Almost 6000 SF commercial building with multiple possibilities.
      608 W High St, Piqua, OH 45356
      View Details
    • Contact for pricing
      4,348 SF

      Renovated Retail Property with Showroom

      Retail property featuring a showroom, renovated building, and fenced lot.
      5290 N County Road 25A, Piqua, OH 45356
      View Details
    • $235,000
      Pending

      Historic Edison-Era Building in Piqua

      Historic commercial building in downtown Piqua, ideal for redevelopment.
      114 E Water St, Piqua, OH 45356
      View Details
    • $395,000
      10,030 SF

      Downtown Piqua Multi-Tenant Building

      Turn-key investment opportunity in downtown Piqua with flexible usage.
      326 N Wayne St, Piqua, OH 45356
      View Details
    • $169,900
      5.29 Acres

      Piqua, OH Commercial Land

      5.287 acres of commercial land in Piqua, Ohio.
      R M Davis Pkwy, Piqua, OH 45356
      View Details

    Similar Nearby for Lease

    • 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
      7,500 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.
      319 N Wayne St, Piqua, OH 45356
      View Details
    • Contact for pricing
      10,480 SF

      Former Moose Lodge For Lease

      Commercial space suitable for bar, restaurant, or retail.
      8575 N County Road 25A, Piqua, OH 45356
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      Renovated space near US-36 with ample parking.
      301 Kienle Dr, Piqua, OH 45356
      View Details
    • $1,200 /Mo
      2,592 SF

      Downtown Piqua Commercial Space

      Commercial space for lease in downtown Piqua with great visibility.
      116 W Ash St, Piqua, OH 45356
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150 Robert M Davis Pkwy
    Piqua, OH 45356-8338
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    150 Robert M Davis Pkwy, Piqua, OH, 45356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!