812 National RdVandalia, OH 45377

  • Office buildings
  • 9,944 SF
For Sale
$1,000,000 View listing

Property Details for 812 National Rd

Year built
1963
Construction
FRAME
Lot size
0.82 AC
Property size (Sq ft)
9,944 SF
Property type
Office buildings
APN
B02 00128 0032
APU
B02001280032

Description

This exceptional 10,000-square-foot executive office building in Vandalia, Ohio, presents a prime investment opportunity. Located at 812 E National Rd, this single-story, Class C property sits on a 0.88-acre lot and boasts 52 parking spaces (5.2 spaces per 1,000 square feet). Built in 1963 and renovated in 1981, the building is currently 100% leased to multiple tenants on month-to-month agreements, offering flexibility for future development. The Highway Business zoning (HB) allows for diverse uses. Benefit from excellent traffic counts and convenient access to I-75, Dayton International Airport, and the I-70/75 interchange. The asking price is $1,000,000, translating to $100 per square foot. This property is ideal for owner-users seeking to repurpose the existing structure or develop a new building while retaining existing site improvements. The property's location in the North Dayton submarket and its Montgomery County address (APN: B02 00128 0032) provide further advantages. This is a rare chance to acquire a well-situated commercial property with significant potential. The property's strategic location and flexible tenancy make it an attractive investment for both short-term and long-term growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,908,102
    6.5%
    $1,761,325
    7%
    $1,635,516
  • Comparable approach

    Method
    Valuation
    Relative Method
    $195,797
    Geo Method
    $195,797
  • Alternative Use

    Use
    Valuation
    Residential
    $2,184,043
    Hospitality
    $2,000,571
    Educational
    $1,664,452
    Medical
    $1,721,695
    Retail
    $2,589,148

Location Insight

City
Vandalia
County
Montgomery
State
Ohio
Latitude
39.8915
Longitude
-84.1838
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
$14,304
$37,910
$159,020
$196,930
-
$108,310
$454,340
$562,650

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