Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31 1st St Fairborn, OH 45324-4839
    Property profile & analytics

    31 1st St, Fairborn, OH 45324-4839

    View on Map
    • Schools
    • 1,168 SF
    Off-Market
    Property ID
    US66-2289158
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gospel Training & Outreach Center / Church

    Property Details for 31 1st St

    Year built
    1895
    Construction
    TYPE NOT SPECIFIED
    Zone code
    I-1
    Property type
    Schools
    APN
    A02-0001-0002.0-0098.00
    APU
    A02000100020009800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairborn
    County
    Greene
    State
    Ohio
    Longitude
    -84.0291
    Latitude
    39.823
    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
    $0.00
    $7,620
    $23,990
    $31,610
    -
    $21,770
    $68,530
    $90,300

    Comparable in this City

    • Value Estimation by Request
      1.76 Acres

      Col Glenn Hwy

      COLLEGE, UNIVERSITY, VOC SCHOOL
      Col Glenn Hwy, Fairborn, OH 45324
      View Details
    • Value Estimation by Request

      Zink Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL
      Zink Rd, Fairborn, OH 45324
      View Details
    • Value Estimation by Request
      1.58 Acres

      Zink Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL
      Zink Rd, Fairborn, OH 45324
      View Details
    • Value Estimation by Request
      0.26 Acres

      3640 Colonel Glenn Hwy

      COLLEGE, UNIVERSITY, VOC SCHOOL
      3640 Colonel Glenn Hwy, Beavercreek, OH 45324-2029
      View Details
    • Value Estimation
      $1,175,000
      32,688 SF

      2140 Zink Rd, Unit 2150

      COLLEGE, UNIVERSITY, VOC SCHOOL
      2140 Zink Rd, Beavercreek, OH 45324-7170
      View Details
    • Value Estimation
      $975,000
      63,849 SF

      2555 University Dr

      COLLEGE, UNIVERSITY, VOC SCHOOL
      2555 University Dr, Beavercreek, OH 45324-6255
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,490 SF

      NNN Lease with Corporate Guarantee

      NNN property with a corporate-backed lease and strong sales.
      183 E Dayton Yellow Springs Rd, Fairborn, OH 45324
      View Details
    • Contact for pricing
      14,490 SF

      NNN Lease Walgreens For Sale

      NNN lease property with corporate guarantee from Walgreen Co.
      182 E Dayton Yellow Springs Rd, Fairborn, OH 45324
      View Details
    • $1,300,000
      2,889 SF

      Prime Fairborn QSR w/Drive-Thru

      High-traffic corner lot, 2889 SF QSR.
      60 Broad St, Fairborn, OH 45324
      View Details
    • Contact for pricing
      14,431 SF

      Beavercreek Retail Space Available

      Retail space for sale in Beavercreek, Ohio.
      3800 Colonel Glenn Hwy, Beavercreek, OH 45324
      View Details
    • Contact for pricing
      13,638 SF

      Fairborn Office Building For Sale

      13,638 SqFt office building in Fairborn, Ohio.
      1810 Successful Dr, Fairborn, OH 45324
      View Details
    • Contact for pricing
      9,600 SF

      Fairborn Office Building For Sale

      Office building with convenient access and ample parking.
      1860 Successful Dr, Fairborn, OH 45324
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      71,400 SF

      Fairborn Refrigerated Warehouse Space

      71,400 SF refrigerated warehouse space available for lease.
      50 Chapelgate Dr, Fairborn, OH 45324
      View Details
    • Contact for pricing

      1.5 Acres For Lease

      1.5 acres available for ground lease or build to suit.
      Fairborn, Fairborn, OH 45324
      View Details
    • Contact for pricing

      Office Building Near WPAFB

      Office building in Fairborn's defense/technology hub, near WPAFB.
      2555 University Blvd, Fairborn, OH 45324
      View Details
    • Contact for pricing
      2,365 SF

      Climate Controlled Flex Space Available

      2,365 SF flex space with climate control and I-675 access.
      1164 E Dayton Yellow Springs Rd, Fairborn, OH 45324
      View Details
    • $12 SF/Yr

      Fairborn Office Space Available

      Office spaces for lease with easy access to I-675.
      1890 Commerce Center Blvd, Fairborn, OH 45324
      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.
    31 1st St
    Fairborn, OH 45324-4839
    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
    31 1st St, Fairborn, OH, 45324
    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!