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

    24 Main St Englewood, OH 45322-1325

    • Investment properties
    • 1,895 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2022
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    7.7%
    Investment properties
    Location Intelligence
    Property ID
    US66-0338904
    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

    • Aur Apothecary & Collective / Herbalist
    • De Hair & Tanning / Beauty Salon

    Property Details for 24 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    1,895 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    M57 00107 0008
    APU
    M57001070008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.302
    Latitude
    39.8785
    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
    $2,132
    $9,470
    $12,780
    $22,250
    -
    $27,060
    $36,500
    $63,560

    Comparable in this City

    • Value Estimation
      $180,000
      4,043 SF

      107 National Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,043 SF
      107 National Rd, Englewood, OH 45322-1466
      View Details
    • Value Estimation
      $220,000
      1,414 SF

      713 Taywood Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,414 SF
      713 Taywood Rd, Englewood, OH 45322-1822
      View Details
    • Value Estimation
      $170,000
      4,500 SF

      705 Taywood Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      705 Taywood Rd, Englewood, OH 45322-1856
      View Details
    • Value Estimation
      $215,000
      3,412 SF

      128 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,412 SF
      128 Main St, Union, OH 45322-3340
      View Details
    • Value Estimation
      $145,000
      6,524 SF

      101 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,524 SF
      101 Main St, Union, OH 45322-3357
      View Details
    • Value Estimation
      $220,000
      3,200 SF

      14 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,200 SF
      14 Walnut St, Englewood, OH 45322-1421
      View Details

    Similar Nearby for Sale

    • $625,000
      4,410 SF

      Union Mixed-Use Property Available

      Mixed-use property in Union, OH, totaling 4,410 square feet.
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    • $3,083,300
      2,788 SF

      910 Main St

      Restaurants • 2,788 SF
      910 Main St, Englewood, OH 45322
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    • $179,000
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      Englewood Property Near I-70, I-75

      Property suitable for schools, churches, daycares, or home conversion.
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    • $695,000
      10,900 SF

      Englewood Office Building - 10,900 SF

      Prime medical/general office space in Englewood, OH.
      910 Taywood Rd, Englewood, OH 45322
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    • $400,000

      Englewood Auto Shop - Main Street

      Prime Retail Auto Shop, High Traffic Area
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    • $360,000
      2,200 SF

      Englewood Professional Office Opportunity

      Move-in ready office space in prime Englewood location.
      100 National Rd, Englewood, OH 45322
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    Similar Nearby for Lease

    • Contact for pricing
      132,276 SF

      Englewood Commercial Land Opportunity

      Prime 0.52-acre commercial lot, single tenant.
      602 Taywood Rd, Englewood, OH 45322
      View Details
    • $13 SF/Yr
      5,225 SF

      Englewood Office Building - 5,225 SF

      Single-story office, 50 parking spaces, available October 1, 2024.
      4001 Old Salem Rd, Englewood, OH 45322
      View Details
    • $8 SF/Yr
      4,320 SF

      Englewood Retail Center Space Available

      Retail space available in a 132,276 SF shopping center.
      606 Taywood Rd, Englewood, OH 45322
      View Details
    • $8 SF/Yr
      159,167 SF

      Northmont Plaza: Prime Retail Space

      High-traffic retail center; spaces available.
      604 Taywood Rd, Englewood, OH 45322
      View Details
    • $12 SF/Yr
      1,650 SF

      Retail Space in Englewood, OH

      1,650 sq ft end cap space available for rent.
      444-448 S Main St, Englewood, OH 45322
      View Details
    • $13 SF/Yr
      10,900 SF

      Englewood Office Building - 10,900 SF

      Medical & General Office Space Available. Flexible lease options.
      910 Taywood Rd, Englewood, OH 45322
      View Details
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    24 Main St
    Englewood, OH 45322-1325
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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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