Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2800 Indian Ripple Rd Dayton, OH 45440
    Back to Search
    Property profile & analytics

    2800 Indian Ripple Rd Dayton, OH 45440

    View on Map
    • Industrial properties
    • 24,940 SF
    • 15.99 lot acres
    For Lease
    $3,875,000
    View Listing →
    Beavercreek Flex, Lab, Warehouse Space For Lease
    $3,875,000
    19,000 SF

    Beavercreek Flex, Lab, Warehouse Space

    Flex, laboratory, and warehouse spaces available for lease in Beavercreek.

    2800 Indian Ripple Rd, Dayton, OH 45440
    View Listing
    Property ID
    US66-1997427
    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
    $3,875,000
    Cap Rate Potential
    6.3%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2800 Indian Ripple Rd

    Year built
    1965
    Lot size
    15.99 lot acres
    Property size
    24,940 SF
    Property type
    Industrial properties
    APN
    B03-0001-0023.0-0015.00
    APU
    B03000100230001500

    Description

    The Russ Technology and Innovation Center offers exceptional flex space for lease in Beavercreek, Ohio. This newly renovated (2024) facility, located at 2800 Indian Ripple Rd, comprises eight buildings totaling 194,534 square feet on a 29-acre lot (APN: B03-0001-0023-0-0015-00). The property features ample loading docks (2) and drive-ins (10), catering to diverse logistical needs. Currently, six units are available, ranging from 1,787 to 3,711 square feet, each offering a blend of private offices, open laboratory space, and private bathrooms. Units boast 10-foot clear heights and robust power (1400 amp 3-phase, 120/208 Volt). The secure property includes separate electrical, gas, and water meters for each unit. The landlord is receptive to build-outs tailored to tenant specifications. This Class C property, built in 1965, benefits from recent upgrades and a prime location, making it an attractive option for businesses seeking flexible terms and competitive pricing in Greene County. The property is under new management and offers a great opportunity for various businesses. Available units include: Unit 404 (3,649.94 sq ft), Unit 701 (3,711 sq ft), Unit 702 (1,787 sq ft), Unit 703 (1,792 sq ft), Unit 704 (3,240 sq ft), and Unit 709 (3,072 sq ft).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,535,000
      ML approach
      $3,420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,705,000
      6.5%
      $3,420,000
      7%
      $3,175,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,025,000
      MEDICAL BUILDING
      $4,170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Greene
    State
    Ohio
    Longitude
    -84.0369
    Latitude
    39.6928
    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
    $68,875
    $106,500
    $908,840
    $1,015,340
    -
    $304,290
    $2,596,680
    $2,900,970

    Comparable in this City

    • Value Estimation
      $2,585,000
      12,830 SF

      4601 Gtwy Cir, Unit 4623

      INDUSTRIAL (GENERAL) • 12,830 SF
      4601 Gtwy Cir, Dayton, OH 45440-1713
      View Details
    • Value Estimation by Request
      8,700 SF

      4541-4545 Gtwy Cir

      INDUSTRIAL (GENERAL) • 8,700 SF
      4541-4545 Gtwy Cir, Dayton, OH 45440
      View Details
    • Value Estimation
      $2,550,000
      12,000 SF

      4635 Gtwy Cir, Unit 4753

      INDUSTRIAL (GENERAL) • 12,000 SF
      4635 Gtwy Cir, Dayton, OH 45440-1713
      View Details
    • Value Estimation
      $3,760,000
      17,259 SF

      2800 Indian Ripple Rd

      INDUSTRIAL (GENERAL) • 17,259 SF
      2800 Indian Ripple Rd, Dayton, OH 45440-3606
      View Details
    • Value Estimation by Request
      4,992 SF

      4586 Gtwy Cir

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,992 SF
      4586 Gtwy Cir, Dayton, OH 45440-1712
      View Details
    • Value Estimation by Request
      1,655 SF

      4582 Gtwy Cir

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,655 SF
      4582 Gtwy Cir, Dayton, OH 45440-1712
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Frontenac Dr, Beavercreek, OH 45440
      View Details
    • $750,000

      Land in Kettering Restaurant Row

      0.664 acre land for sale or ground lease.
      4129 Woodman Dr, Dayton, OH 45440
      View Details
    • $1,570,260

      Development Land For Sale

      Development land available in Beavercreek, Ohio.
      Frontenac Dr, Dayton, OH 45440
      View Details
    • $5,900,000
      94,000 SF

      94,000 SF Multi-Use Building

      Multi-use building on a 10-acre site near I-675.
      5959 Bigger Rd, Dayton, OH 45440
      View Details
    • Contact for pricing
      5,600 SF

      Retail Space on Indian Ripple

      Retail space with high traffic and convenient highway access.
      4465 Indian Ripple Rd, Dayton, OH 45440
      View Details
    • $3,032,100

      Land Near Golf Club

      Commercial land with utilities near I-675 and SR 35.
      2213 Indian Ripple Rd, Dayton, OH 45440
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Use Building on 10 Acres

      94,000 SF multi-use building on 10 acres in Kettering, OH.
      5959 Bigger Rd, Kettering, OH 45440
      View Details
    • Sponsored
      Contact for pricing

      Greene Town Center

      Discover many ways to work your way in Greene Town Center
      70 Birch Aly, Beavercreek, OH 45440
      View Details
    • Contact for pricing

      Warehouse Space with Overhead Door

      950 sq ft warehouse space available for lease.
      3876 Indian Ripple Rd, Beavercreek, OH 45440
      View Details
    • Contact for pricing

      Beavercreek Flex, Lab, Warehouse Space

      Flex, laboratory, and warehouse spaces available for lease in Beavercreek.
      2800 Indian Ripple Rd, Dayton, OH 45440
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      3979 Indian Ripple Rd, Beavercreek, OH 45440
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space Near I-675

      Retail space available in regional shopping center near I-675.
      4388-4490 Indian Ripple Rd, Beavercreek, OH 45440
      View Details
    View Listing
    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.
    2800 Indian Ripple Rd
    Dayton, OH 45440
    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
    2800 Indian Ripple Rd, Dayton, OH, 45440
    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!