927 Shroyer RdDayton, OH 45419

Property Details for 927 Shroyer Rd

Year built

1912

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

1,976 SF

Property type

Investment properties

Property subtype

Live-work space

APN

R72 13903 0005

APU

R72139030005

Description

This exceptional retail investment property, located in Dayton, Ohio, presents a compelling opportunity for discerning investors. The property comprises three buildings totaling 9,537 square feet, encompassing seven fully leased storefronts. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $62,725, this asset offers a substantial 10% capitalization rate on an asking price of $625,000. Strategically situated on Shroyer Road, the property benefits from high visibility to over 14,500 vehicles daily. The location is further enhanced by its proximity to a new restaurant development and its bordering location to Oakwood, an area with a high median household income of $132,722 (per 2022 US Census data). The property is well-maintained, featuring recent improvements, and presents additional upside potential with current rents below market value. This turnkey investment offers a rare combination of strong cash flow, excellent location, and significant growth potential. The property is comprised of seven individual suites across three buildings, all currently leased, making it an ideal investment for passive income generation. The address encompasses 927-1005 Shroyer Road, Dayton, OH 45419, within Montgomery County.

• CAP approach

  CAP return

  Valuation

  6%

  $312,314

  6.5%

  $288,290

  7%

  $267,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,907

  Geo Method

  $38,907

• Alternative Use

  Use

  Valuation

  Residential

  $357,480

  Hospitality

  $327,449

  Educational

  $272,434

  Medical

  $281,804

  Retail

  $423,786

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.7217

Longitude

-84.1615

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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