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Property profile & analytics
FOR LEASE
Office buildings
1890 Commerce Center Blvd, Fairborn, OH 45324
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US66-1644938
For Lease
1 / 52
$12 SF/Yr
1890 Commerce Center Blvd, Fairborn, OH 45324
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Property summary
AI-generated overview
This exceptional Class A office building, located at 1890 Commerce Center Blvd in Fairborn, Ohio, offers 8,889 square feet of immediately available executive office space. Built in 2000 and extensively renovated in 2017, the property boasts a modern aesthetic and high-quality finishes. The building is situated on a generous 2.3-acre lot, providing ample parking that has recently been sealed and restriped. The space is currently entirely vacant and divisible to a minimum of 1,873 square feet, with one suite currently marketed at 1,340-1,873 square feet. Convenient amenities include shared restrooms, a break room, and a kitchenette. The owner is open to discussing build-outs to customize the space to meet specific tenant requirements. This property is ideally suited for businesses seeking a prestigious and functional office environment in Greene County, Ohio, with easy access to major transportation routes. The property's address is 1890 Commerce Center Blvd, Fairborn, OH 45324. The building is classified as a Multiple Tenancy property.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Total area
14,163 SF
Lot
2.31 ac (100,536 SF)
Zoning code
PD-4
APN
A02-0002-0047.0-0008.00
UPID
US66-1644938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Affinity Apparel (Bike/Boat/Book/etc) Store
-
United Training Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$595k
Owner & transaction history
Commerce Park LLC · 26 yrs held
Commerce Park LLC
since 2000
1 recorded transaction
Zoning & alternative use
PD-4 · Fairborn, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$970,000
+1.1%
Commercial (general)
$965,000
+0.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Current use
MEDICAL BUILDING
$970,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$965,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$835,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$42 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,266
Tax year 2023
Assessed value
$313,220
Assessed 2023
Previous assessed
$313,220
+0.0% YoY
Effective rate
5.83%
On assessed value
Assessed land
$36,350
Assessed improvement
$276,870
Land market value
$103,870
Improvement market value
$791,060
Total market value
$894,930
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2000
Heating
NONE
Total area
14,163 SF
Lot
2.31 ac (100,536 SF)
Zoning code
PD-4
APN
A02-0002-0047.0-0008.00
UPID
US66-1644938
Jurisdiction
GREENE
Zoning & alternative use
PD-4 · Fairborn, OH
Zoning PD-4 · permitted uses
PD-4 · Fairborn, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairborn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$835,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
2.31 ac
Current owner
From public records · entity-resolved
Commerce Park LLC
Entity
Mailing address
4695 LK FRST DR STE #100, BLUE ASH, OH 45242-3745
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2000
$181,300
Commerce Park LLC
Oberer Development Co
Grant Deed
$1,366,845 · National City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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