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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20 Wenger Rd Englewood, OH 45322-2744

    • Medical offices
    • 10,176 SF
    • 1.95 lot acres
    OFF-MARKET
    Last Sale
    Jul 11, 2023
    $1,425,000
    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    7.3%
    Medical offices
    Location Intelligence
    Property ID
    US66-1992160
    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.

    Current Use by Public Records

    • HWC Women’s Research Center / Medical Laboratory
    • Donald A. Pelsor, MD, FAAP / Pediatrician
    • Jill Goff / Nurse Practitioner
    • Lisa Mcgarry / Nurse Practitioner
    • Dr. Seema Sharma, MD / Obstetrician-Gynecologist

    Property Details for 20 Wenger Rd

    Year built
    2007
    Lot size
    1.95 lot acres
    Property size
    10,176 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    M57 00805 0002
    APU
    M57008050002

    Description

    This exceptional 2,456 square foot medical office space is situated within a larger 11,718 square foot building located at 20 W Wenger Rd, Montgomery County. Built in 2007, this single-story building features an attractive vestibule entrance and a shared waiting area, creating a welcoming atmosphere for patients. The space includes light-filled exterior offices and private exam rooms, designed for optimal functionality and patient privacy. Ample on-site parking ensures convenient access for both staff and patients. The property boasts a desirable location, conveniently positioned between Taywood Road and State Route 48, offering excellent visibility and accessibility. The zoning is C4. The property sits on 1.32 acres of land (APN: M57-00805-0002) and includes a total of 11,718 square feet, with 2,456 square feet currently vacant and available for lease. The lease rate is $12 per square foot, modified gross, and a tenant improvement allowance is negotiable. The building does not have elevators. This is a multi-tenant building. This property presents a fantastic opportunity for medical professionals seeking a well-appointed and conveniently located office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,170,000
      ML approach
      $990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $845,000
      OFFICE BUILDING
      $730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2878
    Latitude
    39.8617
    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
    $32,031
    $69,910
    $296,080
    $365,990
    -
    $199,750
    $845,950
    $1,045,700

    Comparable in this City

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      $250,000
      2,070 SF

      314 Main St

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    • Value Estimation
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      Hillside Ct

      MEDICAL BUILDING • 0.72 Acres
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    • Value Estimation
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      3,413 SF

      110 Wenger Rd

      MEDICAL BUILDING • 3,413 SF
      110 Wenger Rd, Englewood, OH 45322-2725
      View Details
    • Value Estimation
      $280,000
      4,356 SF

      500 Un Blvd

      MEDICAL BUILDING • 4,356 SF
      500 Un Blvd, Englewood, OH 45322-2100
      View Details
    • Value Estimation
      $860,000
      56,270 SF

      590 National Rd, Unit 600

      HOMES (RETIRED, NURSING) • 56,270 SF
      590 National Rd, Englewood, OH 45322-1151
      View Details
    • Value Estimation
      $460,000
      23,360 SF

      350 Un Blvd

      HOMES (RETIRED, NURSING) • 23,360 SF
      350 Un Blvd, Englewood, OH 45322-2196
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      132,276 SF

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    Englewood, OH 45322-2744
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    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
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