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    Property profile & analytics

    2859 Miamisburg Centerville Rd Miamisburg, OH 45342

    • Outlet malls
    • 44,482 SF
    • 6.33 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3129172
    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

    • Outlet malls

    Property Details for 2859 Miamisburg Centerville Rd

    Year built
    1987
    Lot size
    6.33 lot acres
    Property size
    44,482 SF
    Property type
    Outlet malls
    APN
    K46 01411 0001
    APU
    K46014110001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,086,000
      Market price range: $948k - $3.16M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,700,000
      Current use
      AUTO REPAIR, GARAGE
      $2,890,000
      Change: +7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,735,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $2,730,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miamisburg
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2287
    Latitude
    39.6399
    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
    $82,655
    $805,340
    $185,720
    $991,060
    -
    $2,300,970
    $530,620
    $2,831,590

    Comparable in this City

    • Value Estimation
      $7,660,000
      45,765 SF

      131-161 Mall Woods Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 45,765 SF
      131-161 Mall Woods Dr, Miamisburg, OH 45342
      View Details
    • Value Estimation
      $3,545,000
      199,437 SF

      8480 Lyons Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 199,437 SF
      8480 Lyons Rd, Miamisburg, OH 45342
      View Details
    • Value Estimation
      $4,625,000
      50,784 SF

      10351 Innovation Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 50,784 SF
      10351 Innovation Dr, Miamisburg, OH 45342-4959
      View Details
    • Value Estimation
      $4,645,000
      50,784 SF

      10351 Innovation Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 50,784 SF
      10351 Innovation Dr, Miamisburg, OH 45342-4959
      View Details
    • Value Estimation
      $3,525,000
      199,437 SF

      Lyons Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 199,437 SF
      Lyons Rd, Miamisburg, OH 45342
      View Details
    • Value Estimation
      $3,435,000
      87,965 SF

      234-240 Springboro Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 87,965 SF
      234-240 Springboro Pike, Miamisburg, OH 45342
      View Details

    Similar Nearby for Sale

    • $12,950,000
      117,410 SF

      Miamisburg Retail Property for Sale

      Retail property available for purchase in Miamisburg, Ohio.
      8341 N Springboro Pike, Miamisburg, OH 45342
      View Details
    • $750,000
      4,919 SF

      Mixed-Use Building in Historic District

      Renovated mixed-use property in Downtown Miamisburg's CBD Historic District.
      22 S Main St, Miamisburg, OH 45342
      View Details
    • $2,100,000
      3,265 SF

      Freestanding Restaurant Building For Sale

      Freestanding restaurant building with a drive-through and absolute NNN lease.
      1244 E Central Ave, Miamisburg, OH 45342
      View Details
    • $4,500,000
      38.00 Acres

      South Dayton Commercial Land - 38 Acres

      Prime South Dayton location, high traffic counts.
      490 Byers Rd, Miamisburg, OH 45342
      View Details
    • $109,900
      1.38 Acres

      Miamisburg Acreage for Custom Home

      1.382 acres near Miamisburg, ideal for custom home or farm.
      6998 Manning Rd, Miamisburg, OH 45342
      View Details
    • Contact for pricing

      Prime Dayton Commercial Land

      5.45 Acres, High Traffic Area
      Dayton, OH 45342
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,235 SF

      Retail Space in Miamisburg Plaza

      Retail space available in a busy Miamisburg shopping center.
      209-217 Byers Rd, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      20,081 SF

      Retail Space with Highway Visibility

      Retail space available with easy highway access and visibility.
      2859 Miamisburg Centerville Rd, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      3,000 SF

      Mixed-Use Center Retail Opportunity

      Retail, restaurant, and office space in a dynamic mixed-use center.
      10635 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      31,957 SF

      Corners at the Mall: Dayton Retail Space

      Prime Dayton retail, multiple suites available.
      Dayton, OH 45342
      View Details
    • Contact for pricing
      460,515 SF

      Austin Landing Executive Suites

      Premium Miamisburg Office Space Available
      10050 Innovation Dr, Miamisburg, OH 45342
      View Details
    • Contact for pricing
      1,758 SF

      Retail End-Cap Space Available

      1,758 SF end-cap in dense retail corridor.
      71 Fiesta Ln, Miamisburg, OH 45342
      View Details
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    Miamisburg, OH 45342
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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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