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    OFF-MARKET
    Schools

    433 Oak St, Dayton, OH 45410

    23,000 SF 0.69 ac lot
    Individually Owned 3-yr Hold
    Property ID
    US66-1084180
    Property summary
    AI-generated overview

    This stunning 1800s Gothic Victorian church, located in Dayton's historic South-Park District, presents a unique investment opportunity. Boasting approximately 23,000-24,000 square feet of beautifully preserved architecture, this three-story building offers a wealth of potential uses. Features include numerous rooms suitable for classrooms or other adaptable spaces, stained-glass windows dating from 1886-1954, numerous hardwood doors and eleven large roll-up hardwood room dividers, eight bathrooms, and two kitchens (one a former commercial kitchen). The expansive sanctuary (4,638 sq ft) comprises the nave, narthex, and balcony chancel, with a 25-foot ceiling height. A large auditorium (2,080 sq ft) with a 611 sq ft stage, hardwood floor, and built-in lighting, easily accommodates 416 people and doubles as a full-court basketball court. Additional space includes a 600 sq ft balcony (96 seats), a 600 sq ft narthex (40 seats), and a downstairs reception hall and entertainment/dining area adjacent to the commercial kitchen, totaling over 4,300 sq ft. The property includes a 49-space asphalt parking lot with telephone pole lighting. The 0.693-acre lot is zoned Residential MR5 and is adjacent to the recently remodeled Blommel Park. The replacement cost, per the owner and insurance company, is approximately $14 million. Seller financing may be available with a substantial down payment. This property is sold AS IS. Further details are available upon request.

    Property profile
    Verified
    Property type Schools
    Total area 23,000 SF
    Lot 0.69 ac (30,187 SF)
    APN R72 02703 0021, R72 02703 0022, R72 02703 0049, R72 02703 0052, R72 02703 0055
    UPID US66-1084180
    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
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Steve Thornn · 3 yrs held
    Steve Thornn
    since 2022
    3 recorded transactions
    2022
    2022
    $200,000
    2021
    $110,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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