Technical
Financial
Distress signals
Property profile

2642 Indian Ripple Rd Dayton, OH 45440

OFF-MARKET
Industrial properties
Property ID
US66-1594889
4,992 SF 5.15 ac lot Built 1963
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Russ Technology and Innovation Center offers diverse office spaces for lease in Dayton, Ohio, at 2642 Indian Ripple Rd, 45440. This multi-building complex, totaling 194,534 square feet on 29 acres, features eight buildings and provides options ranging from 104 to 12,461 contiguous square feet. Currently, 28,105 square feet are available, with various suite sizes accommodating diverse business needs. The property boasts a Class C rating, built in 1965, and includes six loading docks and six drive-ins, reflecting its suitability for various business types. The zoning is PUD-RP. Available units range from small, efficient spaces ideal for startups or individual professionals, to larger suites suitable for expanding businesses. The property's amenities include heating, air conditioning, and utilities. Annual property taxes are $0.63 per square foot. The property is under new management and offers build-out and tenant improvement allowances for select larger spaces. Individual unit rental rates vary depending on size and location within the complex. This location offers excellent access to major transportation routes and is situated in a desirable area of Dayton. The property's diverse suite sizes and amenities make it an attractive option for a wide range of businesses. The APN is B03-0001-0023-0-0015-00.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1963
Total area 4,992 SF
Lot 5.15 ac (224,334 SF)
APN B03-0001-0023.0-0361.00
UPID US66-1594889

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Inspector Asbestos Testing Service
  • Conference Center Trade Show Venue

Location

2642 Indian Ripple Rd Dayton, OH 45440-3605
Dayton metro Census 210500 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.54M

Owner & transaction history

since 2023
Last sale
$4.5M
4 recorded transactions
2025
Price N/A
2023
$4.5M
2007
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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