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Property profile & analytics
FOR LEASE
Outlet malls
1927 Needmore Rd, Dayton, OH 45414
Individually Owned
11-yr Hold
Free & Clear
Property ID
US66-2382513
For Lease
1 / 2
$1,855,000
1927 Needmore Rd, Dayton, OH 45414
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1963
Total area
90,207 SF
Lot
7.18 ac (312,587 SF)
APN
E21 01004 0127
UPID
US66-2382513
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.86M
Owner & transaction history
Board Of Cnty Commissioners & Montg · 11 yrs held
Board Of Cnty Commissioners & Montg
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±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
$21 / 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
$96,700
Tax year 2023
Assessed value
$790,990
Assessed 2023
Previous assessed
$719,080
+10.0% YoY
Effective rate
12.23%
On assessed value
Assessed land
$194,220
Assessed improvement
$596,770
Land market value
$554,920
Improvement market value
$1,705,050
Total market value
$2,259,970
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1963
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
90,207 SF
Lot
7.18 ac (312,587 SF)
APN
E21 01004 0127
UPID
US66-2382513
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Heating
YES
Cooling
Yes
Stories
1
Lot
7.18 ac
Current owner
From public records · entity-resolved
Board Of Cnty Commissioners & Montg
Individual
Free & Clear · 11 yrs held
Mailing address
181 S FRANKLIN AVE STE #607, VALLEY STREAM, NY 11581-1145
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2014
$12,166
Board Of Cnty Commissioners & Montg
Wiener Louis Living Trust
Grant Deed
—
Jul 10, 2014
—
Wiener,louis Living Trust
—
Grant Deed
related
$1,400,000 · Cheviot Svgs Bk
Nov 7, 2011
—
Wiener Louis Living Trust
Wiener,louis
Quit Claim Deed
related
—
Feb 25, 2011
$1,840,000
Louis Wiener
Dimitrouleas,george
Warranty Deed
—
Aug 31, 2009
—
George Dimitrouleas
Dimitrouleas,laverne
Quit Claim Deed
related
—
Jun 11, 2002
—
George K Dimitrouleas
—
Grant Deed
related
$1,165,368 · Bank One NA
Feb 25, 2002
—
George Dimitrouleas
—
Trustees Deed
related
$250,000 · First National Bank Zanesville
—
—
George Dimitrouleas
—
Deed Of Trust
related
$250,000 · Citizens National Bank Sw Ohio
—
—
George K Dimitrouleas
—
Deed Of Trust
related
$141,580 · Bank One NA
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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