927 Shroyer Rd Dayton, OH 45419-3633
- Investment properties
- 1,976 SF
- 0.28 lot acres
Jan 15, 2025
Current Use by Public Records
- Tyler Penwell - State Farm Insurance Agent / Insurance Agency
- State Farm / Auto Insurance Agency
Property Details for 927 Shroyer Rd
- Year built
- 1912
- Construction
- FRAME
- Lot size
- 0.28 lot acres
- Property size
- 1,976 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- R72 13903 0005
- APU
- R72139030005
Description
This exceptional retail investment property, located in Dayton, Ohio, presents a compelling opportunity for discerning investors. The property comprises three buildings totaling 9,537 square feet, encompassing seven fully leased storefronts. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $62,725, this asset offers a substantial 10% capitalization rate on an asking price of $625,000. Strategically situated on Shroyer Road, the property benefits from high visibility to over 14,500 vehicles daily. The location is further enhanced by its proximity to a new restaurant development and its bordering location to Oakwood, an area with a high median household income of $132,722 (per 2022 US Census data). The property is well-maintained, featuring recent improvements, and presents additional upside potential with current rents below market value. This turnkey investment offers a rare combination of strong cash flow, excellent location, and significant growth potential. The property is comprised of seven individual suites across three buildings, all currently leased, making it an ideal investment for passive income generation. The address encompasses 927-1005 Shroyer Road, Dayton, OH 45419, within Montgomery County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1615
- Latitude
- 39.7217
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA