1601 Needmore RdDayton, OH 45414

Property Details for 1601 Needmore Rd

Year built

1985

Lot size

1.03 AC

Property size (Sq ft)

6,272 SF

Property type

Office properties

Property subtype

Office buildings

APN

R72117204 0010

APU

R721172040010

Description

This single-story, 6,250 square foot creative office building, situated on 1.02 acres, offers 1,228 square feet of immediately available space for lease. Built in 1985 and renovated in 2017, the property boasts ample parking and excellent visibility at the intersection of Frederick Pike and Needmore Road. The building is currently 80% occupied, with this space offering below-market rent. The property is zoned C-2B HWY B in Montgomery County and features exterior signage opportunities on a monument sign. The building consists of one structure with a total of 6,250 leasable square feet. The property's APN is 160-033-132-011-00. This Class C building presents a unique opportunity for businesses seeking a well-located, renovated space with significant parking. The available space is perfect for a variety of creative office uses. Don't miss this chance to secure a prime location at a competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $1,203,501

  6.5%

  $1,110,924

  7%

  $1,031,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,496

  Geo Method

  $123,496

• Alternative Use

  Use

  Valuation

  Residential

  $1,377,546

  Hospitality

  $1,261,825

  Educational

  $1,049,823

  Medical

  $1,085,928

  Retail

  $1,633,058

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.8184

Longitude

-84.2078

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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