Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    51 Main St, Unit 69 Centerville, OH 45458-2363
    Back to Search
    Property profile & analytics

    51 Main St, Unit 69, Centerville, OH 45458-2363

    View on Map
    • Strip malls
    • 0.30 lot acres
    Off-Market
    Property ID
    US66-1269766
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 51 Main St

    Lot size
    0.30 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    O68 00105 0056
    APU
    O68001050056

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 1, 2011 — Spring Vly Bk Three Oak Ventures LLC Grant Deed —
    Jun 3, 2009 $289,433 Three Oak Ventures LLC Saling,neal Warranty Deed —
    Sep 3, 2008 $11,600 Lucas Gilchrist Saling,neal Grant Deed —
    Dec 21, 2007 $825,000 Lucas Gilchrist Saling,neal Grant Deed —
    Jan 10, 2007 — Neal Saling Ea Hunter Group LLC Warranty Deed —
    Mar 19, 2003 $828,000 E A Hunter Group Wright,donald C Grant Deed —
    — — Jks Capital LLC — Deed Of Trust · related $650k · Farmers & Merchants Nat'l Bk
    — — E A Hunter Group LLC — Deed Of Trust · related $662k · Spring Valley Bank (oh)
    — — Donald C Wright — Deed Of Trust · related $438k · Citfed Mortgage Corp America
    — — Three Oak Ventures LLC — Deed Of Trust · related $10k · Sperry Vanness Com'l Realty Es

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1595
    Latitude
    39.6265
    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
    $2,418
    $24,480
    $5,320
    $29,800
    -
    $69,940
    $15,210
    $85,150

    Comparable in this City

    • Value Estimation
      $875,000
      26,172 SF

      Springboro Pike

      SHOPPING CENTER, STRIP CENTER
      Springboro Pike, Dayton, OH 45458
      View Details
    • Value Estimation
      $1,730,000
      21,856 SF

      1023 Main St

      SHOPPING CENTER, STRIP CENTER
      1023 Main St, Centerville, OH 45458-4357
      View Details
    • Value Estimation by Request
      10,000 SF

      881 Spg Vly Pike, Unit 895

      SHOPPING CENTER, STRIP CENTER
      881 Spg Vly Pike, Dayton, OH 45458-3252
      View Details
    • Value Estimation
      $1,520,000
      68,720 SF

      953 Main St, Unit 1001

      SHOPPING CENTER, STRIP CENTER
      953 Main St, Centerville, OH 45458-5801
      View Details
    • Value Estimation
      $875,000
      68,720 SF

      953 Main St, Unit 1001

      SHOPPING CENTER, STRIP CENTER
      953 Main St, Centerville, OH 45458-5801
      View Details
    • Value Estimation by Request
      0.32 Acres

      8935 Kingsridge Dr, Unit 8947

      SHOPPING CENTER, STRIP CENTER
      8935 Kingsridge Dr, Dayton, OH 45458-1620
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,800 SF

      Campus-Style Commercial Property For Sale

      Well-located campus-style commercial property near Austin Landing.
      10501 Success Ln, Dayton, OH 45458
      View Details
    • Contact for pricing
      2,704 SF

      Dayton Office Space For Sale

      Office property with 2704 square feet of space.
      5402 N Main St, Dayton, OH 45458
      View Details
    • $500,000

      Premier Retail Corridor Outlot Opportunity

      Outlot in premier retail corridor with strong demographics and traffic.
      1081 Lyons Rd, Dayton, OH 45458
      View Details
    • $190,000
      Pending

      Residential Lot in Paragon Mills

      Build your dream home in a luxury community.
      740 Abercorn Ct, Dayton, OH 45458
      View Details
    • $180,000
      Pending

      Residential Lot in Paragon Mills

      0.60-acre residential lot in a luxury community.
      713 Abercorn Ct, Dayton, OH 45458
      View Details
    • Contact for pricing
      3,716 SF

      Medical/Office Condo For Sale

      Free-standing medical/office condominium in South Dayton submarket.
      8039 Washington Village Dr, Dayton, OH 45458
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Centerville Retail Opportunity

      Retail space available in high-traffic Centerville, Ohio.
      894 South Main St, Centerville, OH 45458
      View Details
    • Contact for pricing
      2,800 SF

      Restaurant Space Available Fall 2025

      Restaurant space in active retail zone, available Fall 2025.
      9130-9170 S Main St, Dayton, OH 45458
      View Details
    • Contact for pricing

      Retail Space in Kingsridge Plaza

      Retail space available in Dayton Mall area with convenient parking.
      8963 Kingsridge Dr, Dayton, OH 45458
      View Details
    • Contact for pricing
      11,253 SF

      Centerville Retail Space Available

      Retail space available for lease in Centerville, Ohio.
      898 S Main St, Centerville, OH 45458
      View Details
    • Contact for pricing
      1,170 SF

      Dayton Retail or Restaurant Space

      Retail or restaurant spaces available in Dayton, Ohio.
      1501-1575 Lyons Rd, Dayton, OH 45458
      View Details
    • Contact for pricing
      2,233 SF

      Washington Township Office/Retail Space

      2,233 SF office/retail space in Washington Township.
      72 E Spring Valley Pike, Dayton, OH 45458
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    51 Main St, Unit 69
    Centerville, OH 45458-2363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51 Main St, Centerville, OH, 45458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!