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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    431 Miamisburg Centerville Rd, Unit 553 Dayton, OH 45459-4753

    • Strip malls
    • 12,200 SF
    • 10.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1635483
    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.

    Current Use by Public Records

    • Gorby’s Automotive & Transmission Service / Auto Repair Shop
    • South Dayton Auto & Truck Services / Auto Repair Shop
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 431 Miamisburg Centerville Rd

    Year built
    1988
    Construction
    FRAME
    Lot size
    10.42 lot acres
    Property size
    12,200 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    O67 03710 0149
    APU
    O67037100149

    Description

    Normandy Square, located at 431 Miamisburg Centerville Rd in Dayton, Ohio (zip code 45459), presents a unique opportunity for retail businesses seeking a prime location. This Class A retail center comprises four single-story buildings totaling 187,752 square feet, encompassing 23 individual suites. Currently, there are three available spaces ranging from 1,508 to 6,650 square feet, providing flexibility for various retail concepts. The property sits on a substantial 10.42 acres of land, offering ample parking and visibility. Built in 1988, Normandy Square is zoned for RETAIL use and benefits from its established presence in a thriving Dayton commercial area. The property's multiple tenancy structure allows for a diverse mix of businesses, creating a vibrant and attractive shopping destination. The available spaces offer a chance to establish or expand a retail presence in a well-maintained, high-traffic location. Interested parties should inquire about specific suite availability and lease terms. The property's size and location make it an ideal investment for businesses seeking strong visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,091,000
      Market price range: $169k - $1.09M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $605,000
      Current use
      OFFICE BUILDING
      $905,000
      Change: +50% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $875,000
      Change: +45% Conversion: Easy
      AUTO REPAIR, GARAGE
      $765,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $740,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.173
    Latitude
    39.6288
    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
    $179,922
    $817,950
    $1,257,020
    $2,074,970
    -
    $2,337,010
    $3,591,490
    $5,928,500

    Comparable in this City

    • Value Estimation
      $1,295,000
      1.13 Acres

      1045 Miamisburg Centerville Rd

      SHOPPING CENTER, STRIP CENTER • 1.13 Acres
      1045 Miamisburg Centerville Rd, Washington Township, OH 45459-6711
      View Details
    • Value Estimation
      $795,000
      32,636 SF

      1510 Miamisburg Centerville Rd, Unit 1530

      SHOPPING CENTER, STRIP CENTER • 32,636 SF
      1510 Miamisburg Centerville Rd, Dayton, OH 45459-3804
      View Details
    • Value Estimation
      $3,880,000
      52,962 SF

      6067 Far Hls Ave, Unit 6263

      SHOPPING CENTER, STRIP CENTER • 52,962 SF
      6067 Far Hls Ave, Dayton, OH 45459-1923
      View Details
    • Value Estimation
      $2,595,000
      72,856 SF

      2661 Miamisburg Centerville Rd

      SHOPPING CENTER, STRIP CENTER • 72,856 SF
      2661 Miamisburg Centerville Rd, Dayton, OH 45459-3727
      View Details
    • Value Estimation by Request
      9,285 SF

      6300 Far Hls Ave, Unit 6400

      SHOPPING CENTER, STRIP CENTER • 9,285 SF
      6300 Far Hls Ave, Dayton, OH 45459-2724
      View Details
    • Value Estimation by Request
      13,635 SF

      199 Alex Bell Rd

      SHOPPING CENTER, STRIP CENTER • 13,635 SF
      199 Alex Bell Rd, Dayton, OH 45459-2797
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime Dayton retail space, diverse tenants, high traffic.
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      Washington Twp Restaurant - 9,022 SF

      Prime restaurant space, high traffic area.
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      Freestanding Retail Building with Drive-Thru

      2,856 SF retail building with drive-thru on 0.72 acres.
      20 W Whipp Rd, Dayton, OH 45459
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      Spacious Condo with Open Layout

      Meticulously updated condo with over 2400 sq ft of living space.
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      Charming 3-bedroom condo with pool and tennis courts access.
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      Prime 3.357-acre commercial lot, high traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Oak Creek

      Retail space available in community shopping center in Kettering, OH.
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      Retail Space in Cross Pointe

      Retail space available in a well-located shopping center.
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      Retail Space Near Major Retailers

      Retail spaces available near Sam’s Club and Whole Foods.
      651-767 Lyons Rd, Dayton, OH 45459
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      Cross Pointe Shopping Center Investment

      Dayton-area retail center, strong anchors, high-income trade area.
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    • $18 SF/Yr
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      Sugarcreek Plaza Retail Space

      Ohio Retail Space Available Now
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    • Contact for pricing
      227,070 SF

      Dayton Retail Space For Lease

      227,070 SF retail space in Dayton, OH for lease.
      2700 Miamisburg Centerville Rd, Dayton, OH 45459
      View Details
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    Dayton, OH 45459-4753
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    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
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