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    Property profile & analytics

    881 Dixie Dr Dayton, OH 45449

    • Grocery and convenience stores
    • 30,286 SF
    • 0.90 lot acres
    For Lease
    View listing
    Value Estimations
    $540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5519348
    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

    • Little Farm / Liquor Store
    • ATM / Atm
    • K R Liquor Inc Little Farm / Liquor Store

    Property Details for 881 Dixie Dr

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.90 lot acres
    Property size
    30,286 SF
    Property type
    Grocery and convenience stores
    APN
    K48 00111 0196
    APU
    K48001110196

    Description

    This exceptional industrial property at 881 E Dixie Drive offers 30,286 square feet of warehouse space in a single, two-story building constructed in 1968. The property is classified as Class C and sits on 0.9 acres of land. Currently, 20,000 square feet is available for lease, divisible into units of at least 10,000 contiguous square feet. The building features three total suites, with a maximum contiguous space of 10,000 square feet. The flexible design includes climate-controlled storage on both floors. The second floor boasts a large open area with a partially completed banquet hall build-out, presenting unique possibilities for adaptive reuse. This space is well-suited for various storage and warehousing needs, including records storage. Ample parking is provided with 75 spaces, offering a parking ratio of 6.82 spaces per 1,000 square feet. The building includes elevators for convenient access to both floors. The property's APN is K48-00111-0196. This is an excellent opportunity to secure a well-located, versatile warehouse space with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $606,000
      Market price range: $606k - $2.15M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.2394
    Latitude
    39.6771
    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
    $16,130
    $65,100
    $106,040
    $171,140
    -
    $186,010
    $302,980
    $488,990

    Comparable in this City

    • Value Estimation
      $320,000
      3,695 SF

      657 Dixie Dr

      CONVENIENCE STORE • 3,695 SF
      657 Dixie Dr, Dayton, OH 45449-1830
      View Details
    • Value Estimation
      $340,000
      3,425 SF

      3000 Alex Bell Rd

      CONVENIENCE STORE • 3,425 SF
      3000 Alex Bell Rd, Dayton, OH 45449-2811
      View Details
    • Value Estimation
      $385,000
      2,294 SF

      747 Central Ave

      CONVENIENCE STORE • 2,294 SF
      747 Central Ave, Dayton, OH 45449-1816
      View Details
    • Value Estimation
      $285,000
      1,890 SF

      106 Alex Rd

      CONVENIENCE STORE • 1,890 SF
      106 Alex Rd, Dayton, OH 45449-1940
      View Details
    • Value Estimation by Request
      1,176 SF

      942 Dixie Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,176 SF
      942 Dixie Dr, Dayton, OH 45449-1929
      View Details
    • Value Estimation
      $160,000
      0.05 Acres

      Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      Central Ave, Dayton, OH 45449
      View Details

    Similar Nearby for Sale

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    • $899,900
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      Banquet Hall with Seating

      Banquet hall with seating for 350 guests and offices.
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    • Contact for pricing
      4,334 SF

      Retail Space with Drive-Thru Potential

      4,334 SF retail space suitable for fast food.
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    • $220,000

      Bar and Restaurant Opportunity

      Bar and restaurant with real estate for sale.
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      5,338 SF

      Turnkey Restaurant on Dixie Drive

      Turnkey restaurant with ample parking and high-profile location.
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    Similar Nearby for Lease

    • $12 SF/Yr
      2,200 SF

      Retail or Office Space Available

      2200 SF retail or office space for lease.
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      View Details
    • $12 SF/Yr
      8,472 SF

      Retail Space on Springboro Pike

      8,472 SF retail space with showroom and offices.
      452-468 N Springboro Pike, Dayton, OH 45449
      View Details
    • Contact for pricing
      25,584 SF

      Retail Space Available in Dayton

      Dayton retail space available for lease starting 3/1/2025.
      117-249 N Springboro Pike, Dayton, OH 45449
      View Details
    • $1,500 /Mo
      1,600 SF

      Remodeled Space on S. Dixie

      Remodeled historic space perfect for small business or retail.
      436-439 E Dixie Dr, Dayton, OH 45449
      View Details
    • Contact for pricing
      3,470 SF

      Dayton Retail Space Available

      Retail space available for rent in Dayton, Ohio.
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      View Details
    • $2 SF/Yr
      1,372 SF

      West Carrollton Office Space for Lease

      Remodeled micro-office, ideal for small business.
      436 Dixie Dr, Dayton, OH 45449
      View Details
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    Dayton, OH 45449
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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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