Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    28-34 Fossway Troy, OH 45373

    • Strip malls
    • 4,563 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2023
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1867549
    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

    • Strip malls

    Property Details for 28-34 Fossway

    Year built
    1965
    Lot size
    0.52 lot acres
    Property size
    4,563 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    D08-103434
    APU
    D08103434

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.195
    Latitude
    40.0499
    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
    $2,091
    $11,730
    $19,990
    $31,720
    -
    $33,500
    $57,100
    $90,600

    Comparable in this City

    • Value Estimation
      $580,000
      14,494 SF

      761 Market St, Unit 779

      SHOPPING CENTER, STRIP CENTER • 14,494 SF
      761 Market St, Troy, OH 45373-3072
      View Details
    • Value Estimation by Request
      7,200 SF

      2850 Stone Cir Dr

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      2850 Stone Cir Dr, Troy, OH 45373
      View Details
    • Value Estimation by Request
      9,837 SF

      Towne Park Dr

      SHOPPING CENTER, STRIP CENTER • 9,837 SF
      Towne Park Dr, Troy, OH 45373
      View Details
    • Value Estimation by Request
      0.14 Acres

      4 Smith St, Unit 10

      SHOPPING CENTER, STRIP CENTER • 0.14 Acres
      4 Smith St, Troy, OH 45373-3936
      View Details
    • Value Estimation
      $2,640,000
      132,772 SF

      751 Market St, Unit 779

      SHOPPING CENTER, STRIP CENTER • 132,772 SF
      751 Market St, Troy, OH 45373-3003
      View Details
    • Value Estimation
      $540,000
      12,180 SF

      1810 Main St

      SHOPPING CENTER, STRIP CENTER • 12,180 SF
      1810 Main St, Troy, OH 45373-2304
      View Details

    Similar Nearby for Sale

    • $525,000
      4,296 SF

      Retail Property in Troy, Ohio

      Retail property for sale in Troy, Ohio, with 4296 square feet.
      407 Peters Ave, Troy, OH 45373
      View Details
    • Contact for pricing

      Downtown Troy Retail/Office Condos

      Retail or office condos in historic downtown Troy building.
      12-16 S Market St, Troy, OH 45373
      View Details
    • New
      $249,900
      1,560 SF

      Commercial Property in High Traffic Area

      Commercial property in Troy, Ohio, with high traffic and visibility.
      2065 S County Road 25A, Troy, OH 45373
      View Details
    • $625,000
      3,760 SF

      Versatile Automotive/Industrial Property in Troy

      Adaptable commercial space suitable for automotive, retail, or industrial use.
      2800 Stone Circle Dr, Troy, OH 45373
      View Details
    • $1,590,000

      Historic Troy Development Opportunity

      Unique property with recent renovations in downtown Troy's DORA district.
      112-118 West Main St, Troy, OH 45373
      View Details
    • $1,300,000

      Downtown Troy Restaurant/Brewery Opportunity

      Remodeled restaurant/brewery with commercial kitchen, brewing facility, and outdoor seating.
      214 W Main St, Troy, OH 45373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,720 SF

      Retail Space in Troy Towne

      1,720 SF available in premier Troy shopping center.
      1801 W Main St, Troy, OH 45373
      View Details
    • Contact for pricing
      652 SF

      Meijer In-Store Retail Space

      652 SF Retail Space in Miami County
      1900 Main St, Troy, OH 45373
      View Details
    • $26,400
      1,500 SF

      Downtown Troy Retail Space

      Historic building, 1500 sq ft, prime location.
      107 Main St, Troy, OH 45373
      View Details
    • $16 SF/Yr
      1,400 SF

      Retail Space on West Main

      Retail space available for lease on West Main Street.
      2315-2317 W Main St, Troy, OH 45373
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available for rent.
      1420 West Main St, Troy, OH 45373
      View Details
    • Contact for pricing
      4,840 SF

      Retail Space Near I-75 Exit

      Retail space with high visibility and ample parking available for rent.
      1420-1530 W Main St, Troy, OH 45373
      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.
    28-34 Fossway
    Troy, OH 45373
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!