3385 Newmark DrMiamisburg, OH 45342

Property Details for 3385 Newmark Dr

Year built

1985

Lot size

4.85 AC

Property size (Sq ft)

66,460 SF

Property type

Office properties

Property subtype

Office buildings

APN

K45 22919 0001

APU

K45229190001

Description

This exceptional 68,000-square-foot executive office building in Miamisburg, Ohio, presents a unique investment opportunity. Situated on a 6.78-acre lot, this Class B property, built in 1986, offers a single-tenant occupancy with the potential for multi-tenant conversion. The building boasts impressive features including 10-foot ceilings and ample parking, catering to the needs of a large workforce. Its strategic location at the interchange of Interstates 675 and 75 provides unparalleled accessibility, less than two miles from three separate exit ramps on both interstates. Large windows throughout the building maximize natural light. The property benefits from its proximity to the Dayton Mall and surrounding retail corridor, offering employees a vibrant and convenient environment. The building's professional office finishes are ready for immediate occupancy. Montgomery County's absence of an earnings tax adds further financial appeal. This property is ideal for a single large tenant seeking a prominent location or an investor looking to develop a multi-tenant complex in a high-demand area. The entire 68,000 square feet is currently vacant, providing a blank canvas for a new occupant to customize the space to their exact specifications. The address is 3385 Newmark Dr, Miamisburg, OH 45342.

• CAP approach

  CAP return

  Valuation

  6%

  $10,528,937

  6.5%

  $9,719,019

  7%

  $9,024,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,145,270

  Geo Method

  $1,308,597

• Alternative Use

  Use

  Valuation

  Residential

  $12,051,583

  Hospitality

  $11,039,185

  Educational

  $9,184,473

  Medical

  $9,500,341

  Retail

  $14,286,957

Location Insight

City

Miamisburg

County

Montgomery

State

Ohio

Latitude

39.6211

Longitude

-84.2228

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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