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    Property profile & analytics

    516 Main St Englewood, OH 45322-1501

    • Retail space
    • 2,400 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2025
    $157,300
    Value Estimations
    $130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0815148
    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

    • Retail space

    Property Details for 516 Main St

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.81 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    M57 00202 0005
    APU
    M57002020005

    Description

    This exceptional retail opportunity presents a 1,200 square foot commercial shop located at 516 S. Main Street in Englewood, Ohio, 45322. Priced at $239,000, this property sits on a 0.81-acre lot and offers ample parking with 10 spaces. The building boasts a recently renovated upper level featuring new LED lighting, luxury vinyl flooring, and fresh paint. A significant advantage is the inclusion of a 1,200 square foot walkout lower level, offering additional space for storage or expansion. This location benefits from high visibility, with over 20,700 cars passing daily on S. Main Street. The property is ideally situated within a thriving residential and apartment community, providing a strong customer base. Furthermore, its proximity to numerous amenities, including restaurants, banks, and other retail shops, enhances its appeal. Conveniently located less than a mile from downtown Englewood and just 1.5 miles from I-70, this property offers unparalleled accessibility and exposure. This is an excellent investment for a smaller retail user seeking a high-traffic location in a desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $120,000
      ML approach
      $110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $163,000
      Market price range: $69.1k - $244k
      AI Estimate
      $115,000
      Market price range: $76.6k - $161k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $145,000
      Current use
      AUTO REPAIR, GARAGE
      $155,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $145,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2967
    Latitude
    39.8722
    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
    $3,797
    $26,200
    $18,240
    $44,440
    -
    $74,870
    $52,120
    $126,990

    Comparable in this City

    • Value Estimation
      $210,000
      0.20 Acres

      703 Taywood Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.20 Acres
      703 Taywood Rd, Englewood, OH 45322-1822
      View Details
    • Value Estimation
      $225,000
      0.21 Acres

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.21 Acres
      Main St, Englewood, OH 45322
      View Details
    • Value Estimation
      $295,000
      5,000 SF

      603 Taywood Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      603 Taywood Rd, Englewood, OH 45322-1819
      View Details
    • Value Estimation
      $285,000
      5,200 SF

      37 Hillside Ct

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      37 Hillside Ct, Englewood, OH 45322-2746
      View Details
    • Value Estimation
      $265,000
      6,000 SF

      591 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      591 Main St, Englewood, OH 45322-1502
      View Details
    • Value Estimation
      $185,000
      6,960 SF

      119 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,960 SF
      119 Main St, Union, OH 45322-3300
      View Details

    Similar Nearby for Sale

    • $400,000
      3,286 SF

      Retail Space on Main Street

      Retail property for sale with high traffic visibility.
      621 S Main St, Englewood, OH 45322
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    • $191,900
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      Multi-Use Commercial Log Building

      1,500 sq. ft. commercial building on 0.45 acres.
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    • $191,900
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      Multi-Use Commercial Log Building

      1,500 sq ft commercial building on 0.45 acres.
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    • $3,083,300
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      910 Main St

      Restaurants • 2,788 SF
      910 Main St, Englewood, OH 45322
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    • $400,000

      Englewood Auto Shop - Main Street

      Prime Retail Auto Shop, High Traffic Area
      621 Main St, Englewood, OH 45322
      View Details
    • $179,000
      5,920 SF

      Englewood Property Near I-70, I-75

      Property suitable for schools, churches, daycares, or home conversion.
      210 Wolf Ave, Englewood, OH 45322
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,650 SF

      Retail Space in Englewood, OH

      1,650 sq ft end cap space available for rent.
      444-448 S Main St, Englewood, OH 45322
      View Details
    • Contact for pricing
      10,004 SF

      Englewood Retail Space For Rent

      Retail space available across from Kroger-anchored center in Englewood, OH.
      900 Union Blvd, Englewood, OH 45322
      View Details
    • $6 SF/Yr
      1,580 SF

      Retail Outlot Opportunity

      Half-acre outlot suitable for single-tenant retail or office.
      557-569 S Main St, Englewood, OH 45322
      View Details
    • $8 SF/Yr
      4,320 SF

      Englewood Retail Center Space Available

      Retail space available in a 132,276 SF shopping center.
      606 Taywood Rd, Englewood, OH 45322
      View Details
    • $11 SF/Yr
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      Englewood Retail Space For Rent

      Retail space available for lease with pylon signage.
      320 W National Rd, Englewood, OH 45322
      View Details
    • $8 SF/Yr
      159,167 SF

      Northmont Plaza: Prime Retail Space

      High-traffic retail center; spaces available.
      604 Taywood Rd, Englewood, OH 45322
      View Details
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    516 Main St
    Englewood, OH 45322-1501
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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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