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Property profile & analytics
FOR LEASE
Office buildings
2900 Presidential Dr, Fairborn, OH 45324
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2012077
For Lease
1 / 6
$19 SF/Yr
2900 Presidential Dr, Fairborn, OH 45324
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Property summary
AI-generated overview
The Wright Executive Center offers exceptional office space for lease in Fairborn, Ohio. This Class B property, built in 1987, comprises two three-story buildings totaling 61,746 square feet. Currently, 2,825 square feet of office space is available for lease. The minimum leasable space is 1,362 square feet, with a maximum contiguous space of 1,463 square feet. The property sits on a 3.95-acre lot and is zoned PD-2. The address is 2900 Presidential Drive, Fairborn, OH 45324. Its convenient location offers easy access to numerous amenities within walking distance, and it's directly across the street from Wright State University and near Wright Patterson Air Force Base. This multi-tenant building provides a variety of office suite options, ideal for businesses seeking a flexible and well-situated workspace. The property features a total of 61,746 square feet across two buildings. The APN numbers are B41-0002-0037-0-0013-00 and B41-0002-0038-0-0007-00.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1987
Total area
61,746 SF
Lot
3.95 ac (172,193 SF)
Zoning code
PD-2
APN
B41-0002-0038.0-0007.00
UPID
US66-2012077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.05M
Owner & transaction history
2970 Presidential Ohio LP · 5 yrs held
2970 Presidential Ohio LP
since 2021
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
PD-2 · Beavercreek, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+12.0%
Medical building
$4.2M
+1.1%
Commercial (general)
$4.2M
+0.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,525,000
ML approach
$2,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,185,000
Current use
RETAIL STORES
$4,685,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$4,230,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,205,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,645,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±10% · vs last sale $3.44M (Feb 5 2021)
Last sale anchor
$3.44M
Feb 5 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,235
Tax year 2023
Assessed value
$1,313,040
Assessed 2023
Previous assessed
$1,226,510
+7.1% YoY
Effective rate
6.49%
On assessed value
Assessed land
$227,210
Assessed improvement
$1,085,830
Land market value
$649,170
Improvement market value
$3,102,370
Total market value
$3,751,540
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1987
Heating
NONE
Total area
61,746 SF
Lot
3.95 ac (172,193 SF)
Zoning code
PD-2
APN
B41-0002-0038.0-0007.00
UPID
US66-2012077
Jurisdiction
GREENE
Zoning & alternative use
PD-2 · Beavercreek, OH
Zoning PD-2 · permitted uses
PD-2 · Beavercreek, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beavercreek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.2M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
3.95 ac
Current owner
From public records · entity-resolved
2970 Presidential Ohio LP
Entity
Mailing address
1800 LE CORBUSIER BLVD STE #132, LA
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
$3,438,750
2970 Presidential Ohio LP
Us Bank National Association
Limited Warranty Deed
$3,120,000 · Irp Advancing Company II LLC
Sep 19, 2019
—
Presidential Drive LP
—
Grant Deed
related
$6,100,000 · Miscellaneous Ins Co
May 30, 2018
$5,300,000
2875 Presedential Drive 2018 L
Us Bk NA 2005-pwr9
Grant Deed
—
Jun 1, 2015
$5,050,000
Presidential Drive LP
Neyer Commercial Real Estate LLC
Receivers Deed
$4,132,500 · First Financial Bank NA
Mar 27, 2003
—
2900 Presidential Drive LLC
Wright Executive Center Ptshp
Grant Deed
related
—
—
—
Wright Executive Center Partne
—
Deed Of Trust
related
$7,000,000 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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