1555 Wayne Ave Dayton, OH 45410-1734
Property profile & analytics
1555 Wayne Ave, Dayton, OH 45410-1734
- Grocery and convenience stores
- 26,806 SF
- 2.89 lot acres
Property ID
US66-2257676
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.
Location Intelligence
Current Use by Public Records
- Cardtronics ATM / Atm
- Kroger Bakery / Bakery / Specialty Food Shop
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Kroger Deli / Food Market / Restaurant
- Kroger Money Services / Bank / Credit Union
Property Details for 1555 Wayne Ave
- Year built
- 1959
- Lot size
- 2.89 lot acres
- Property type
- Grocery and convenience stores
- APN
- R72 02811 0024
- APU
- R72028110024
Description
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant Kroger grocery store located at 1555 Wayne Ave, Dayton, OH 45410. The property boasts a 28,748 square foot building situated on a 3.2-acre lot, enjoying a prime location less than one mile from the University of Dayton. Built in 1959 and featuring a new roof installed in 2024 with a 20-year transferable warranty, this property benefits from a long-term lease with Kroger, a credit-rated tenant with a corporate guarantee. The current lease, commencing June 11, 1957, extends to June 30, 2029, offering a remaining term of approximately 4.6 years. The lease includes attractive 2% annual rent bumps, providing a hedge against inflation. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $170,988 and a 7.00% cap rate. The asking price is $2,442,685. Kroger's consistent success at this location is highlighted by annual sales exceeding $15,000,000 since 2020, with sales reaching $15,856,095 for the year ending June 30, 2023. This high-traffic area benefits from proximity to major roadways (US Highway 35 and Interstate 75), public transportation, and a dense population with strong demographics. The surrounding area includes numerous complementary retailers, further enhancing the property's appeal and potential for continued success. This is a rare opportunity to acquire a well-established, high-performing retail asset with a strong tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,955,000
- ML approach
- $1,835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,729,000
- AI Estimate
- $2,880,000
Market price range: $779k - $2.73MMarket price range: $706k - $2.88M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,625,000 Current use
- OFFICE BUILDING
- $1,770,000 Change: +9% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,680,000 Change: +3% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,420,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1718
- Latitude
- 39.746
- 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
$66,638
$78,370
$516,620
$594,990
-
$223,900
$1,476,060
$1,699,960
