3909 Salem Ave Dayton, OH 45406-1526
Property profile & analytics
3909 Salem Ave Dayton, OH 45406-1526
- Office buildings
- 15,896 SF
- 1.19 lot acres
Property ID
US66-6078956
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.
Location Intelligence
Current Use by Public Records
- Talecris Plasma Resources / Medical Clinic
Property Details for 3909 Salem Ave
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 1.19 lot acres
- Property size
- 15,896 SF
- Property type
- Office buildings
- APN
- E20 01107 0191
- APU
- E20011070191
Description
This exceptional investment opportunity presents a single-tenant, net-leased medical office building totaling 15,896 square feet, situated on a 1.19-acre lot in Dayton, Ohio. The property, built in 1955, is currently 100% occupied by DB Plasma, a key player in the US plasma donation industry, under a lease commencing December 7, 2006, and expiring December 31, 2031. This provides a substantial remaining lease term of approximately 7.1 years. The lease includes attractive 3% annual rent bumps, further enhancing the investment's long-term value. Two five-year renewal options are also included. The property boasts a strong NOI of $171,708, resulting in a compelling 7.85% cap rate. The strategic location on Salem Avenue, a high-traffic corridor (13,200 vehicles per day), benefits from proximity to numerous national retailers, including Kroger, McDonald's, O'Reilly Auto Parts, and others. The surrounding area boasts a robust population of over 138,100 people within a five-mile radius, with an average household income exceeding $65,925. DB Plasma's commitment to the location, evidenced by multiple lease extensions, underscores the stability and long-term potential of this investment. The property's essential business nature and e-commerce resistance add to its appeal. This is a rare opportunity to acquire a high-performing, net-leased asset with significant upside potential in a desirable Dayton MSA location. The asking price is $2,187,364.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,725,000
- ML approach
- $1,680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,683,000
Market price range: $651k - $1.68M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,655,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.2519
- Latitude
- 39.7987
- 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
$87,627
$128,110
$578,310
$706,420
-
$366,020
$1,652,300
$2,018,320
