Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    78 E Franklin St Dayton, OH 45459

    • Investment properties
    • 2,480 SF
    • 0.13 lot acres
    For Sale
    View listing
    Last Sale
    Feb 07, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6197627
    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

    • Refrigeration Control Company, Inc / HVAC Service / General Contractor
    • ASAP Screen Printing / (Bike/Boat/Book/etc) Store / Printing Service
    • Refrigeration Control Co Inc / Hardware & Home Improvement / HVAC Service

    Property Details for 78 E Franklin St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    2,480 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    O68 00107 0014
    APU
    O68001070014

    Description

    This fully leased, two-story, 2,410 square foot creative office building is located in historic downtown Centerville, Ohio. The 1900-built wood-frame structure features a mix of private offices and flexible workspace, updated bathroom, and kitchenette. The property includes eight on-site parking spaces, excellent street visibility with signage, and easy access to numerous amenities. Conveniently situated near Kettering, Miamisburg, and Beavercreek, it offers quick access to I-675 and I-75. Currently operating under a triple net (NNN) lease with a single tenant, the lease commenced July 1, 2024, and expires August 31, 2027, with two one-year lease options. The asking price is $425,000, representing a price per square foot of $176.35. The property sits on a 0.13-acre lot and is zoned for commercial use. The building is classified as Class C and boasts 100% occupancy. Rent bumps are included in the lease agreement. Parcel ID: O68-00107-0014. This presents a strong investment opportunity in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.1562
    Latitude
    39.6283
    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
    $4,753
    $10,230
    $46,010
    $56,240
    -
    $29,230
    $131,450
    $160,680

    Comparable in this City

    • Value Estimation by Request
      3,390 SF

      30 Ridgeway Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,390 SF
      30 Ridgeway Dr, Dayton, OH 45459
      View Details
    • Value Estimation by Request
      3,320 SF

      21 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,320 SF
      21 Franklin St, Dayton, OH 45459-4735
      View Details
    • Value Estimation by Request
      3,202 SF

      7365 Far Hls Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,202 SF
      7365 Far Hls Ave, Dayton, OH 45459-4474
      View Details
    • Value Estimation by Request
      4,679 SF

      116 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,679 SF
      116 Main St, Dayton, OH 45459
      View Details
    • Value Estimation
      $520,000
      6,384 SF

      1 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,384 SF
      1 Main St, Centerville, OH 45459-4618
      View Details
    • Value Estimation by Request
      2,617 SF

      152 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,617 SF
      152 Franklin St, Dayton, OH 45459-4738
      View Details

    Similar Nearby for Sale

    • $425,000
      2,417 SF

      Spacious Condo with Open Layout

      Meticulously updated condo with over 2400 sq ft of living space.
      6830 Lorien Woods Dr, Dayton, OH 45459
      View Details
    • Contact for pricing

      Centerville Condo with Community Amenities

      Charming 3-bedroom condo with pool and tennis courts access.
      6625 Hedington Sq, Dayton, OH 45459
      View Details
    • Contact for pricing

      Dayton Retail Center - Lyons Rd

      Prime Dayton retail space, diverse tenants, high traffic.
      651 Lyons Rd, Dayton, OH 45459
      View Details
    • $1,008,000
      3.36 Acres

      Dayton Commercial Land - Vienna Pkwy

      Prime 3.357-acre commercial lot, high traffic area.
      0 Vienna Pkwy, Dayton, OH 45459
      View Details
    • $308,550
      1.87 Acres

      Paragon Road Commercial Land Opportunity

      1.87-acre lot, $308,550, PD-O2 Zoning
      0 Paragon Rd, Dayton, OH 45459
      View Details
    • $308,550
      1 SF

      1.87 Acre Commercial Lot Available

      1.87 acre commercial lot with high visibility and traffic counts.
      Paragon Rd, Dayton, OH 45459
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,420 SF

      Retail Space in Cross Pointe

      Retail space available in a well-located shopping center.
      201 E Alex Bell Rd, Dayton, OH 45459
      View Details
    • Contact for pricing
      700 SF

      Adaptable Office Suite For Rent

      700 SF suite suitable for office, retail, or wellness.
      7668 Paragon Rd, Dayton, OH 45459
      View Details
    • $19 SF/Yr
      3,162 SF

      Medical Space For Lease

      Freestanding medical building along I-675 corridor with ample parking.
      6621-6627 Centerville Business Pkwy, Dayton, OH 45459
      View Details
    • Contact for pricing
      500 SF

      Office Space with Utilities Included

      Office space for rent with utilities and parking included.
      7901 Schatz Pointe Dr, Dayton, OH 45459
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Oak Creek

      Retail space available in community shopping center in Kettering, OH.
      2100-2144 E Whipp Rd, Dayton, OH 45459
      View Details
    • $15 SF/Yr
      15,280 SF

      Alex Bell Center Retail Space

      Moraine, OH: 1,414 SF Available
      2741 Alex Bell Rd, Woodbourne-Hyde Park, OH 45459
      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.
    78 E Franklin St
    Dayton, OH 45459
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!