973 Patterson RdDayton, OH 45419

Property Details for 973 Patterson Rd

Year built

2021

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

2,094 SF

Property type

Retail properties

Property subtype

Retail space

APN

R72 14110 0042

APU

R72141100042

Description

This exceptional retail property, located at 973 Patterson Rd in Dayton, Ohio, presents a compelling investment opportunity. The 2,094 square foot building, constructed in 2022, boasts a unique modern architectural design. Situated on a 0.2-acre lot at the highly visible corner of Patterson Road and Wilmington Pike, it benefits from significant daily traffic counts, with over 9,700 vehicles passing on Patterson Road and over 21,700 on Wilmington Pike. The property features 13 parking spaces and is currently leased under a triple-net (NNN) lease to an operating business, offering a secure income stream. The asking price is $449,900, representing a 7.00% capitalization rate. The property is zoned Commercial-ENC

• CAP approach

  CAP return

  Valuation

  6%

  $486,518

  6.5%

  $449,093

  7%

  $417,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,902

  Geo Method

  $103,902

• Alternative Use

  Use

  Valuation

  Residential

  $378,827

  Hospitality

  $347,004

  Educational

  $288,703

  Medical

  $298,632

  Retail

  $449,093

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.7244

Longitude

-84.1529

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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