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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Medical Office Space
4200 Indian Ripple Rd Dayton, OH 45440-3248
Entity Owned
~
Est. High Equity
Property ID
US66-1156845
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
10,160 SF
Lot
2.04 ac (88,950 SF)
Zoning code
O1
APN
B42-0003-0010.0-0209.00
UPID
US66-1156845
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
Current use
Occupant on record · Public records
-
R. Christopher C. Wille, MD Physician
-
Dr. Azaan Akbar Physician
-
Rajeev Mehta Physician
-
Kalyan Bhoopal Physician
-
Diklar Makola Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.98M
Owner & transaction history
Fg Mnto I Dayton LLC
Fg Mnto I Dayton LLC
since 2025
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
O1 · Dayton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Dayton, Ohio
Top alternative use upside
Restaurant
$2.5M
+44.5%
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 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
$2,800,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
RESTAURANT
$2,455,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $3.90M (Apr 21 2021)
Last sale anchor
$3.90M
Apr 21 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
$293 / 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
$49,768
Tax year 2023
Assessed value
$624,140
Assessed 2023
Previous assessed
$454,740
+37.3% YoY
Effective rate
7.97%
On assessed value
Assessed land
$79,200
Assessed improvement
$544,940
Land market value
$226,290
Improvement market value
$1,556,980
Total market value
$1,783,270
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Total area
10,160 SF
Lot
2.04 ac (88,950 SF)
Zoning code
O1
APN
B42-0003-0010.0-0209.00
UPID
US66-1156845
Jurisdiction
GREENE
Zoning & alternative use
O1 · Dayton, OHZoning O1 · permitted uses
O1 · Dayton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Dayton, Ohio
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.5M
RESTAURANT
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
1993
Heating
NONE
Lot
2.04 ac
Current owner
From public records · entity-resolved
Fg Mnto I Dayton LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
$3,850,000
Fg Mnto I Dayton LLC
Mmac Ht II Dayton Oh LLC
Deed
$206,853,498 · Bmo Bank NA
Apr 21, 2021
$3,897,390
Mmac Ht II Dayton Oh LLC
Indian Ripple Surgical Partners LLC
Limited Warranty Deed
—
Nov 28, 2001
—
Indian Ripple Surgical Partner
Indian Ripple Surgical Partner
Quit Claim Deed
related
$1,000,000 · National City Bank
Sep 22, 1998
—
Dayton Power & Light Co
Indian Ripple Surgical Partner
Grant Deed
related
—
—
—
Indian Ripple Surgical Ptrs Ll
—
Deed Of Trust
related
$995,000 · Keybank USA
—
—
Indian Ripple Surgical Partner
—
Deed Of Trust
related
$50,000 · National City Bank
—
—
Indian Ripple Surgical Ptrs Pl
—
Deed Of Trust
related
$1,134,750 · National City Bank
—
—
Indian Ripple Surgical Partner
—
Deed Of Trust
related
$700,549 · National City 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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