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    Property profile

    5114 Salem Ave Dayton, OH 45426

    OFF-MARKET
    Community centers
    Property ID
    US66-2378249
    146,363 SF 16.86 ac lot Built 1969
    Entity Owned 10-yr Hold Free & Clear
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    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

    Location

    5114 Salem Ave Dayton, OH 45426-2042
    Dayton metro Census 70600 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.49M
    Blend (final) Blend
    $645k

    Owner & transaction history

    since 2016
    5 recorded transactions
    2016
    $2.7M
    2013
    Price N/A
    2013
    $2.5M
    1969
    Price N/A
    1969
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation by Request
      141,616 SF
      5120 Salem Ave
      Lifestyle centers
      5120 Salem Ave, Dayton, OH 45426
      View Details
    • Value Estimation
      $590,000
      51,750 SF
      836 Main St
      MINI-MALL
      836 Main St, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      144,067 SF
      5116-5120 Salem Ave
      Lifestyle centers
      5116-5120 Salem Ave, Dayton, OH 45426
      View Details
    • Value Estimation
      $1,840,000
      119,104 SF
      5331-5335 Salem Ave
      WHOLESALE OUTLET, DISCOUNT STORE
      5331-5335 Salem Ave, Dayton, OH 45426
      View Details
    • Value Estimation by Request
      9,100 SF
      720 Main St
      WHOLESALE OUTLET, DISCOUNT STORE
      720 Main St, Dayton, OH 45426-2909
      View Details
    • Value Estimation
      $1,985,000
      121,940 SF
      5275 Salem Bnd Dr
      WHOLESALE OUTLET, DISCOUNT STORE
      5275 Salem Bnd Dr, Dayton, OH 45426-1605
      View Details

    Similar Nearby for Sale

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    • New
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      40,101 SF
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      40,000+ sqft retail space with docks and drive-in doors.
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    • New
      $240,000
      1,392 SF
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    • Contact for pricing
      Commercial Land Adjacent to Home Depot
      Commercial land for sale, located next to The Home Depot.
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    Similar Nearby for Lease

    • Contact for pricing
      274,625 sqft
      Retail Center in Trotwood, Ohio
      274,625 SF shopping center with strong tenant mix.
      Salem Ave, Trotwood, OH 45426
      View Details
    • Contact for pricing
      51,740 sqft
      Neighborhood Shopping Center in Trotwood
      51,740 SF shopping center serving the Trotwood community.
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      View Details
    • New
      $10 SF/Yr
      3,660 sqft
      Retail Storefront Suite for Lease
      3,660 SF retail storefront is available in a center with strong frontage in front of Lowe’s and adjacent to McDonald’s.
      5256 Salem Ave, Trotwood, OH 45426
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    • Contact for pricing
      Retail Space for Lease
      Retail space available for lease in Dayton, Ohio.
      5120 Salem Ave, Dayton, OH 45426
      View Details
    • Contact for pricing
      Multi-Reuse Opportunity with Drive-Thru
      Versatile space with drive-thru, suitable for restaurant or office.
      5140 Salem Ave, Dayton, OH 45426
      View Details
    • Contact for pricing
      3,660 sqft
      Corner Retail NNN Suite
      Corner retail suite with two-side signage and NNN lease structure, supported by daily traffic counts.
      5256 Salem Ave, Dayton, OH 45426
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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