1861 Towne Park DrTroy, OH 45373

Property Details for 1861 Towne Park Dr

Year built

2006

Lot size

0.22 AC

Property size (Sq ft)

3,713 SF

Property type

Office properties

Property subtype

Other office properties

APN

D08-105700

APU

D08105700

Description

This exceptional 2,309 square foot medical office condo is available for sublease, offering a fantastic opportunity for expansion or relocation. Situated in a single-story, Class B building constructed in 2006, this move-in ready space boasts updated interiors. The entire building encompasses 12,248 square feet, with the subleased space representing a significant portion of the available area. The property sits on a generous 5.8 acres of land in Miami County, Ohio, and is conveniently located less than one mile from I-75, providing easy access for patients and staff. The current lease term expires September 30, 2026, offering a substantial leasehold period for the subtenant. This prime location offers excellent visibility and proximity to major healthcare providers, including the Kettering Health Network – Troy and Upper Valley Medical Center, ensuring a strong patient base and convenient access to collaborative healthcare services. The property features one building with a single story and is identified by APN D08105313. This is a multi-tenant building, presenting a professional and established environment. The available space is ideal for a variety of medical practices seeking a well-maintained and conveniently located office space. Don't miss this chance to secure a thriving location for your medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $712,468

  6.5%

  $657,663

  7%

  $610,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,109

  Geo Method

  $73,109

• Alternative Use

  Use

  Valuation

  Residential

  $815,502

  Hospitality

  $746,995

  Educational

  $621,491

  Medical

  $642,865

  Retail

  $966,764

Location Insight

City

Troy

County

Miami

State

Ohio

Latitude

40.0607

Longitude

-84.2389

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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