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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Community centers
5114 Salem Ave, Dayton, OH 45426-2042
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-2378249
Property summary
AI-generated overview
This exceptional 141,616-square-foot vacant shopping center presents a significant redevelopment opportunity in Dayton, Ohio. Located on a substantial 16.86-acre lot, this single-story, 1968-built property underwent renovations in 1996. Previously anchored by Burlington, it offers a compelling investment at $2,300,000, significantly below replacement cost, translating to $16.24 per square foot of land value. The property boasts excellent freeway access, situated just 3 miles south of I-70 and 4.5 miles west of I-75, ensuring high visibility and convenient access. The large parcel size allows for diverse development options, including potential outdoor storage or further land monetization. Annual real estate taxes are $40,378. This prime location in Montgomery County, at 5114 Salem Ave, Dayton, OH 45426, offers unparalleled potential for investors seeking a high-impact project. The property's size and strategic location make it ideal for a variety of retail or redevelopment projects. Don't miss this chance to acquire a substantial asset in a thriving market.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1969
Total area
146,363 SF
Lot
16.86 ac (734,204 SF)
APN
H33 02111 0050
UPID
US66-2378249
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.44M
Owner & transaction history
Salem Plaza Trotwood Oh LLC · 9 yrs held
Salem Plaza Trotwood Oh LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10%
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
$10 / 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
$34,532
Tax year 2023
Assessed value
$367,500
Assessed 2023
Previous assessed
$350,000
+5.0% YoY
Effective rate
9.40%
On assessed value
Assessed land
$294,000
Assessed improvement
$73,500
Land market value
$840,000
Improvement market value
$210,000
Total market value
$1,050,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1969
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
146,363 SF
Lot
16.86 ac (734,204 SF)
APN
H33 02111 0050
UPID
US66-2378249
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
16.86 ac
Current owner
From public records · entity-resolved
Salem Plaza Trotwood Oh LLC
Entity
Free & Clear · 9 yrs held
Mailing address
150 GREAT NCK RD STE #304, GREAT NECK, NY 11021-3309
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2016
$2,725,000
Salem Plaza Trotwood Oh LLC
Garrison Ctrl II Salem Plaza L
Grant Deed
related
—
Jun 21, 2013
—
Ctrl Plaza L Garrison II
—
Deed Of Trust
related
$41,250,000 · Cit Fin LLC
Jan 9, 2013
$2,500,000
Ctrl Plaza L Garrison II
Kimco Columbus INC
Grant Deed
—
—
—
Garrison Ctrl II Salem Plaza L
—
Deed Of Trust
related
$44,700,000 · Cit Fin
—
—
Salem Plaza Trotwood Oh LLC
—
Deed Of Trust
related
$2,424,177 · Liberty Bk
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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