8801 Main StDayton, OH 45415

Property Details for 8801 Main St

Year built

1987

Construction

WOOD

Lot size

1.23 AC

Property size (Sq ft)

7,428 SF

Property type

Office buildings

APN

M60 03106 0017

APU

M60031060017

Description

This well-maintained, two-story office building in Dayton, Ohio, is offered for sale at $449,000. The 7,428 square foot building, constructed in 1987, is a Class B, multi-tenant property situated on a 1.23-acre lot (53,988 sq ft) with 38 off-street parking spaces. Located at 8801 N Main St, Clayton, OH 45415, this property enjoys a prime location just one mile south of I-70 and adjacent to Premier Health's Good Samaritan North Hospital. The building features a beautiful common area board/meeting room with potential for conversion to additional leasable space. Existing tenants have leases with "out clauses" providing flexibility for buyers seeking full occupancy or continued rental income. The property benefits from high traffic counts, a signalized entrance, and an existing annual easement income. Zoned for commercial office use, this property offers numerous advantages, including proximity to Dayton International Airport (6 miles), and a variety of nearby amenities such as restaurants, shopping, and hotels. The asking price is $60.45 per square foot, with a NNN lease type.

• CAP approach

  CAP return

  Valuation

  6%

  $1,615,360

  6.5%

  $1,491,100

  7%

  $1,384,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,257

  Geo Method

  $146,257

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,899,520

  Retail / Commercial

  $1,493,930

  Mixed-Use / Specialty

  $1,494,180

  Hospitality / Lodging

  $1,103,480

  Institutional / Educational

  $1,555,330

  Residential Income

  $1,819,740

  Multifamily

  $2,151,610

  Automotive / Energy

  $1,333,140

  Parking / Income-Based Land

  $454,546

  Restaurant / Food Service

  $789,025

  Healthcare / Senior Housing

  $1,526,540

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.8517

Longitude

-84.2718

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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