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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61 Commerce Park Dr Dayton, OH 45404-1211

    • Truck terminals
    • 7,825 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Aug 25, 2023
    $360,000
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1069298
    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

    • Truck terminals

    Property Details for 61 Commerce Park Dr

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    7,825 SF
    Property type
    Truck terminals
    APN
    R72 16712 0002
    APU
    R72167120002

    Description

    This exceptional 7,828-square-foot industrial property, located at 61 Commerce Park Drive in Dayton, Ohio, presents a unique investment or leasing opportunity. Situated on a 1.8-acre lot, this single-story building underwent a complete renovation in 2024. The property features a flexible layout suitable for various uses, including flex space, warehouse storage, distribution, truck terminal operations, and truck maintenance. Key features include 12 dock-high doors (9' x 10'), four drive-in doors (12' x 14'), and impressive ceiling heights—12 feet in the truck terminal and 18 feet in the maintenance bays. The warehouse area benefits from Rezner heating. Zoned Light Industrial (I-1), this property offers convenient access to I-75 via Stanley Avenue (approximately one mile away). The property's Asset Property Number (APN) is R72 16712 0002, R72 16712 0013. The building was originally constructed in 1963. Currently, 7,825 square feet are vacant and available for immediate occupancy. This property is available for both sale and lease. The Old North Dayton submarket location provides excellent access to transportation routes and a strong workforce. This is an ideal opportunity for businesses seeking a well-maintained, strategically located industrial space in the Dayton area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $285,000
      ML approach
      $285,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $450,000
      AUTO REPAIR, GARAGE
      $435,000
      OFFICE BUILDING
      $415,000
      MEDICAL BUILDING
      $360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1692
    Latitude
    39.7946
    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
    $2,493
    $19,420
    $6,580
    $26,000
    -
    $55,490
    $18,810
    $74,300

    Comparable in this City

    • Value Estimation
      $195,000
      1.44 Acres

      Stanley Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 1.44 Acres
      Stanley Ave, Dayton, OH 45404
      View Details
    • Value Estimation
      $190,000
      5,440 SF

      1440 Stanley Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 5,440 SF
      1440 Stanley Ave, Dayton, OH 45404-1111
      View Details
    • Value Estimation
      $280,000
      22,463 SF

      1500 Farr Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 22,463 SF
      1500 Farr Dr, Dayton, OH 45404-2189
      View Details
    • Value Estimation
      $180,000
      7,912 SF

      Monument Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 7,912 SF
      Monument Ave, Dayton, OH 45404
      View Details
    • Value Estimation
      $155,000
      11,830 SF

      1497 Stanley Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,830 SF
      1497 Stanley Ave, Dayton, OH 45404-1110
      View Details
    • Value Estimation
      $195,000
      13,786 SF

      1751 Stanley Ave

      TRUCK TERMINAL (MOTOR FREIGHT) • 13,786 SF
      1751 Stanley Ave, Dayton, OH 45404-1116
      View Details

    Similar Nearby for Sale

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    • $6,495,000
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      Dayton Office/Warehouse Space For Sale

      24,000 SF office/warehouse with updates in Dayton's industrial district.
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      Dayton Manufacturing Facility For Sale

      30,360 SF industrial facility on 3.3 acres in Dayton.
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    Similar Nearby for Lease

    • Contact for pricing
      10,200 SF

      Industrial Space Near I-75

      Industrial space for lease near I-75 and Stanley Avenue.
      1747-1799 Stanley Ave, Dayton, OH 45404
      View Details
    • $4 SF/Yr
      97,548 SF

      Dayton Warehouse with Office Space

      93,878± SF available, divisible to 20,000± SF minimum.
      1226 Schaeffer St, Dayton, OH 45404
      View Details
    • $5 SF/Yr
      9,200 SF

      Dayton Executive Office & Warehouse

      9,200 SF Flex Space Available
      1329 Stanley Ave, Dayton, OH 45404
      View Details
    • $60 SF/Yr
      20,000 SF

      239 E. Helena

      Distribution properties • 20,000 SF
      239 Helena St, Dayton, OH 45404
      View Details
    • $6 SF/Yr
      75,780 SF

      Dayton Warehouse Space Available

      75,780 SF warehouse space for lease in Dayton.
      1784 Stanley Ave, Dayton, OH 45404
      View Details
    • $5 SF/Yr
      9,200 SF

      Versatile Dayton Space For Lease

      9,200± SF available with office and warehouse space.
      1329-1335 Stanley Ave, Dayton, OH 45404
      View Details
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    61 Commerce Park Dr
    Dayton, OH 45404-1211
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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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