Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    346 N Dixie Dr Vandalia, OH 45377
    Back to Search
    Property profile & analytics

    346 N Dixie Dr, Vandalia, OH 45377

    View on Map
    • Office buildings
    • 4,000 SF
    • 0.26 lot acres
    For Lease
    $2,950/Mo
    View Listing →
    Vandalia Commercial Space For Lease For Lease
    $2,950/Mo
    4,000 SF

    Vandalia Commercial Space For Lease

    4,000 sq ft commercial space with garage and office.

    346 N Dixie Drive, Vandalia, OH 45377
    View Listing
    Property ID
    US66-5334974
    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

    • Perfection Group / HVAC Service / General Contractor

    Property Details for 346 N Dixie Dr

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Property type
    Office buildings
    APN
    B02 00114 0021
    APU
    B02001140021

    Description

    This exceptional single-tenant executive office property, located at 346 N Dixie Drive in Montgomery County, offers 4,000 square feet of versatile space ideal for a variety of businesses. The building, constructed in 2004, is a Class B, single-story structure situated on a 0.92-acre lot. The property boasts a convenient 8-space parking lot. The zoning is NB (Neighborhood Business), providing flexibility for various commercial uses. The interior layout includes 1,000 square feet of dedicated office space, complemented by a substantial 3,000-square-foot garage area featuring 14-foot and 16-foot high overhead doors, perfect for storage or specialized equipment. Additional amenities include a 10x10-foot entryway and an 8x10-foot kitchen. The monthly rent is $52,950.00 NNN. This property presents a unique opportunity to secure a well-maintained, functional space in a desirable Montgomery County location. The combination of office and garage space makes it suitable for businesses requiring both administrative and storage/workshop areas. Don't miss this chance to establish your business in this strategically located and well-equipped property.

    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
    Vandalia
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.198
    Latitude
    39.8968
    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
    $6,465
    $17,250
    $69,060
    $86,310
    -
    $49,280
    $197,300
    $246,580

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      Dixie Dr

      OFFICE BUILDING
      Dixie Dr, Vandalia, OH 45377
      View Details
    • Value Estimation by Request
      5,600 SF

      714-716 Dixie Dr

      OFFICE BUILDING
      714-716 Dixie Dr, Vandalia, OH 45377
      View Details
    • Value Estimation
      $800,000
      6,136 SF

      1 National Rd

      OFFICE BUILDING
      1 National Rd, Vandalia, OH 45377-1932
      View Details
    • Value Estimation
      $1,260,000
      10,960 SF

      1470 Worldwide Pl

      OFFICE BUILDING
      1470 Worldwide Pl, Vandalia, OH 45377-1156
      View Details
    • Value Estimation by Request
      2,670 SF

      206 Brown School Rd

      OFFICE BUILDING
      206 Brown School Rd, Vandalia, OH 45377-3023
      View Details
    • Value Estimation
      $1,075,000
      14,100 SF

      865 Dixie Dr

      OFFICE BUILDING
      865 Dixie Dr, Vandalia, OH 45377-2645
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Vandalia Office Building For Sale

      Six-unit office building with approximately 7,400 square feet available for sale.
      76 Fordway Dr, Vandalia, OH 45377
      View Details
    • Contact for pricing
      2,120 SF

      Standalone Office Building For Sale

      2,120 SF office building with high visibility, easy highway access.
      725 S Dixie Dr, Vandalia, OH 45377
      View Details
    • Contact for pricing
      10,410 SF

      Dental Office For Sale

      Dental office property with a 7.25% CAP rate.
      55 Elva Ct, Vandalia, OH 45377
      View Details
    • $775,000
      11,000 SF

      Vandalia Church and Land

      Highway business zoned church with classrooms, kitchen, and parking.
      606 W National Rd, Vandalia, OH 45377
      View Details
    • Contact for pricing

      Commercial Land in Benchwood Corridor

      Land in top retail market, North Dayton's Benchwood Corridor.
      Maxton, Vandalia, OH 45377
      View Details
    • Contact for pricing

      Commercial Land in Busy Center

      Graded lot with utilities in front of Kroger.
      Northwoods Blvd, Vandalia, OH 45377
      View Details

    Similar Nearby for Lease

    • $2,950 /Mo
      4,000 SF

      Vandalia Commercial Space For Lease

      4,000 sq ft commercial space with garage and office.
      346 N Dixie Dr, Vandalia, OH 45377
      View Details
    • Contact for pricing
      22,502 SF

      Former Air Freight Sorting Facility

      Cross-dock facility with immediate access to air strip.
      2800 Old Springfield Rd, Tipp City, OH 45377
      View Details
    • Contact for pricing
      150,000 SF

      Vandalia Warehouse Space Available

      Class A warehouse space available for lease immediately.
      1925 Un Airpark Blvd, Vandalia, OH 45377
      View Details
    • Contact for pricing
      150,000 SF

      Modern Warehouse Space Available

      Class A warehouse space ideal for overflow or dead storage.
      1925 Un Airpark Blvd, Vandalia, OH 45377
      View Details
    • Contact for pricing
      18,320 SF

      Vandalia Warehouse Space Available

      4,160 SF warehouse space for lease in Vandalia, Ohio.
      743-787 Crossroads Ct, Vandalia, OH 45377
      View Details
    • Contact for pricing

      Modern Industrial Facility Near Airport

      Planned 250,170 SF industrial facility near Dayton Airport.
      9085 Peters Pike, Vandalia, OH 45377
      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.
    346 N Dixie Dr
    Vandalia, OH 45377
    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
    346 N Dixie Dr, Vandalia, OH, 45377
    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!