Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1997 Miamisburg Centerville Rd Dayton, OH 45459-3811
    Back to Search
    Property profile & analytics

    1997 Miamisburg Centerville Rd, Dayton, OH 45459-3811

    View on Map
    • Medical Office Space
    • 22,082 SF
    • 23.28 lot acres
    Off-Market
    Property ID
    US66-2095410
    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
    $3,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kettering Health Washington Township / Hospital
    • Southview Radiology / Medical Clinic
    • Southview Hand & Ortho Center / Medical Clinic / Hospital
    • Dr. Richard A. Mckenzie, MD / Physician
    • Pan Yang MD / Physician

    Property Details for 1997 Miamisburg Centerville Rd

    Year built
    1900
    Lot size
    23.28 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    O67 03601 0079
    APU
    O67036010079

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,295,000
      6.5%
      $3,965,000
      7%
      $3,680,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,690,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,400,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.204
    Latitude
    39.6353
    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
    $1,397
    $586,660
    $20,658,870
    $21,245,530
    -
    $1,676,160
    $59,025,340
    $60,701,500

    Comparable in this City

    • Value Estimation
      $2,570,000
      22,420 SF

      6611 Clyo Rd

      MEDICAL BUILDING
      6611 Clyo Rd, Dayton, OH 45459-2786
      View Details
    • Value Estimation by Request
      5,074 SF

      55 Main St

      MEDICAL BUILDING
      55 Main St, Centerville, OH 45459-4658
      View Details
    • Value Estimation
      $3,600,000
      26,120 SF

      1975 Miamisburg Centerville Rd, Unit 1989

      MEDICAL BUILDING
      1975 Miamisburg Centerville Rd, Dayton, OH 45459-3811
      View Details
    • Value Estimation by Request
      0.03 Acres

      38 Whipp Rd

      MEDICAL BUILDING
      38 Whipp Rd, Dayton, OH 45459-1812
      View Details
    • Value Estimation
      $9,350,000
      109,964 SF

      2320 Miami Vly Dr, Unit 2400

      MEDICAL BUILDING
      2320 Miami Vly Dr, Dayton, OH 45459-4776
      View Details
    • Value Estimation
      $695,000
      5,007 SF

      6405 Clyo Rd

      MEDICAL BUILDING
      6405 Clyo Rd, Dayton, OH 45459-2763
      View Details

    Similar Nearby for Sale

    • $254,900

      Centerville Office Condo For Sale

      Turnkey office condo in Centerville's Franklin Woods Office Park.
      800 East Franklin St, Dayton, OH 45459
      View Details
    • Contact for pricing
      1,729 SF

      Centerville Office Condo Opportunity

      Office condo available for sale or lease in Centerville, OH.
      6842-6850 Loop Rd, Dayton, OH 45459
      View Details
    • Contact for pricing
      2,410 SF

      Centerville Freestanding Fully Leased Building

      Two-story office building in historic downtown Centerville, fully leased.
      78 E Franklin St, Dayton, OH 45459
      View Details
    • $173,000
      1,200 SF

      Professional Office Condo in Centerville

      Turnkey office condo with versatile workspace in a prime location.
      860 E Franklin St, Centerville, OH 45459
      View Details
    • Contact for pricing
      3,100 SF

      Office Condominium in Washington Township

      3,100+ SF office condo with easy highway access.
      320 Regency Ridge Dr, Dayton, OH 45459
      View Details
    • Contact for pricing
      3,456 SF

      Centerville Freestanding Office Building

      Office building with freestanding signage available for sale in Centerville.
      7345 Far Hills Ave, Centerville, OH 45459
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,102 SF

      Medical Space For Lease

      Freestanding medical building along I-675 corridor with ample parking.
      6621-6627 Centerville Business Pkwy, Dayton, OH 45459
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in Centerville with convenient highway access.
      6601 Centerville Business Pkwy, Dayton, OH 45459
      View Details
    • Contact for pricing
      1,725 SF

      Class A Office Space Available

      Three-story office building with suites for lease in Washington Township.
      7887 Washington Village Dr, Dayton, OH 45459
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space in Centerville, visible from I-675.
      7666 Mcewen Rd, Centerville, OH 45459
      View Details
    • Contact for pricing
      1,700 SF

      Professional Office Space Available

      Class B office space with versatile layout and ample parking.
      7056 Corporate Way, Dayton, OH 45459
      View Details
    • Contact for pricing
      11,585 SF

      Class A Office Space Available

      Three-story office building with excellent highway visibility.
      7777 Washington Village Dr, Dayton, OH 45459
      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.
    1997 Miamisburg Centerville Rd
    Dayton, OH 45459-3811
    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
    1997 Miamisburg Centerville Rd, Dayton, OH, 45459
    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!