Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    761 Market St, Unit 779 Troy, OH 45373-3072
    Back to Search
    Property profile & analytics

    761 Market St, Unit 779, Troy, OH 45373-3072

    View on Map
    • Strip malls
    • 14,494 SF
    • 2.13 lot acres
    Off-Market
    Property ID
    US66-4376906
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Asian Cottage / Restaurant

    Property Details for 761 Market St

    Year built
    1991
    Lot size
    2.13 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    D08-106282
    APU
    D08106282

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2019 $2,450,000 Tolson Investments LLC Mj Properties Troy LLC Grant Deed $2M · First Fed'l Bk/the Midwest
    Jul 20, 2018 $1,601,600 Mj Properties Troy LLC Kroger Co Grant Deed —
    Jul 2, 2018 — Mj Properties Troy LLC — Deed $1.2M · State Bk&tr
    — — Mj Properties Troy LLC — Deed Of Trust $1.2M · State Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $723,000
      Market price range: $424k - $743k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $865,000
      Change: +68% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.2233
    Latitude
    40.03
    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
    $31,015
    $67,030
    $473,660
    $540,690
    -
    $191,500
    $1,353,300
    $1,544,800

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      2850 Stone Cir Dr

      SHOPPING CENTER, STRIP CENTER
      2850 Stone Cir Dr, Troy, OH 45373
      View Details
    • Value Estimation by Request
      9,837 SF

      Towne Park Dr

      SHOPPING CENTER, STRIP CENTER
      Towne Park Dr, Troy, OH 45373
      View Details
    • Value Estimation by Request
      0.14 Acres

      4 Smith St, Unit 10

      SHOPPING CENTER, STRIP CENTER
      4 Smith St, Troy, OH 45373-3936
      View Details
    • Value Estimation
      $2,640,000
      132,772 SF

      751 Market St, Unit 779

      SHOPPING CENTER, STRIP CENTER
      751 Market St, Troy, OH 45373-3003
      View Details
    • Value Estimation
      $540,000
      12,180 SF

      1810 Main St

      SHOPPING CENTER, STRIP CENTER
      1810 Main St, Troy, OH 45373-2304
      View Details
    • Value Estimation by Request
      8,000 SF

      1408 Main St

      SHOPPING CENTER, STRIP CENTER
      1408 Main St, Troy, OH 45373-2510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,612 SF

      Freestanding Veterinary Service Investment Property

      NNN leased veterinary property with long-term tenant in Troy, Ohio.
      500 Stonyridge Ave, Troy, OH 45373
      View Details
    • $249,900
      1,560 SF

      Commercial Property in High Traffic Area

      Commercial property in Troy, Ohio, with high traffic and visibility.
      2065 S County Road 25A, Troy, OH 45373
      View Details
    • $275,000
      1,516 SF

      Charming Live/Work Commercial Property

      Historic live/work space near downtown Troy, excellent visibility.
      9 E Canal St, Troy, OH 45373
      View Details
    • $199,000
      13,650 SF

      Former Car Wash in Troy

      Prime location near hospital, ideal for redevelopment or service business.
      103 S Elm St, Troy, OH 45373
      View Details
    • $450,000
      4,296 SF

      Established Automotive Business For Sale

      Automotive repair and collision business with real estate and equipment.
      407 Peters Ave, Troy, OH 45373
      View Details
    • $1,300,000

      Downtown Troy Restaurant/Brewery Opportunity

      Remodeled restaurant/brewery with commercial kitchen, brewing facility, and outdoor seating.
      214 W Main St, Troy, OH 45373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,720 SF

      Retail Space in Troy Towne

      1,720 SF available in premier Troy shopping center.
      1801 W Main St, Troy, OH 45373
      View Details
    • Contact for pricing

      Retail Space in Troy, Ohio

      Single tenant retail space available for rent in Troy.
      7 E Water St, Troy, OH 45373
      View Details
    • Contact for pricing
      4,840 SF

      Retail Space Near I-75 Exit

      Retail space with high visibility and ample parking available for rent.
      1420-1530 W Main St, Troy, OH 45373
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available for rent.
      1420 West Main St, Troy, OH 45373
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on West Main

      Retail space available for lease on West Main Street.
      2315-2317 W Main St, Troy, OH 45373
      View Details
    • Contact for pricing

      Downtown Troy Retail Space

      Remodeled retail space in historic mixed-use building.
      107 W Main St, Troy, OH 45373
      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.
    761 Market St, Unit 779
    Troy, OH 45373-3072
    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
    761 Market St, Troy, OH, 45373
    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!