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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Retail space
3881 Salem Ave Dayton, OH 45406
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-1444778
Property summary
AI-generated overview
This exceptional 11,206-square-foot retail property is ideally situated at the prominent corner of Salem Avenue and Siebenthaler Avenue in Dayton, Ohio. The single-tenant building, constructed in 1997, sits on a generous 1.95-acre lot, offering unparalleled visibility and accessibility. The property benefits from convenient curb cuts on both Salem Avenue and Siebenthaler Avenue, further enhanced by a traffic signal at the intersection, ensuring high traffic flow and excellent exposure. Ample parking is provided with 63 paved spaces. The entire 11,206 square feet is currently vacant, presenting a unique opportunity for a wide range of businesses to establish a strong presence in a high-traffic area of Montgomery County. This location is perfect for retailers, service providers, or any business seeking maximum visibility and convenient access for customers. The property's size and location make it an attractive investment opportunity in a thriving Dayton commercial district. The zip code is 45406.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
1,336 SF
Lot
1.94 ac (84,724 SF)
APN
E20 01107 0064
UPID
US66-1444778
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
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Cardelli,ivo & Teresa Trust · 11 yrs held
Cardelli,ivo & Teresa Trust
since 2014
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$795,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $950k (Mar 18 2025)
Last sale anchor
$950k
Mar 18 2025
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
$644 / 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
$80,714
Tax year 2023
Assessed value
$654,500
Assessed 2023
Previous assessed
$595,000
+10.0% YoY
Effective rate
12.33%
On assessed value
Assessed land
$49,230
Assessed improvement
$605,270
Land market value
$140,670
Improvement market value
$1,729,330
Total market value
$1,870,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
CENTRAL
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
1,336 SF
Lot
1.94 ac (84,724 SF)
APN
E20 01107 0064
UPID
US66-1444778
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
CENTRAL
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Cardelli,ivo & Teresa Trust
Trust
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2014
$2,635,000
Cardelli,ivo & Teresa Trust
Brixton Rite Aid-dayton 1 LLC
Trustees Deed
$1,725,000 · Us Bk
Dec 24, 2013
—
Brixton Rite Aid-dayton 1 LLC
Phoenix-dakota Energy Trust
Grant Deed
related
$1,582,500 · Wells Fargo 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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