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    Versatile Commercial Property in Woodlawn Title is generated by Realmo AI

    10045 Springfield Pike, Woodlawn, OH 45215

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    Picture of Auto shops at 10045 Springfield Pike, Woodlawn, OH
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    COMMERCIAL - Woodlawn, OH

    Lot size:
    0.57 Acres
    Added:
    Dec 3, 2025
    Days on Market:
    167
    Last Refresh:
    May 19 at 11:06 pm

    Property Features for 10045 Springfield Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5980060008600
    Lot size
    0.57 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Jerawadee Srikalasin

    Listing agent Jerawadee Srikalasin

    Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

    Listing date Dec 3, 2025

    MLS# 1860517

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile Garage Space: Includes 3 bays, 2 office areas, and 2 restrooms, suitable for various businesses.
    • Ample Parking: Space for approximately 10 cars.
    • Multiple Rental Units Available: Ranging from 500 sq ft to 1,100 sq ft at various price points.
    • Garage Rental Option: Separate garage space available for rent at $2500/month.
    • Office Space Opportunities: Units #1 & #2 offer 1,100 sq.ft. of 2nd‑floor office space.
    • Durable Construction: Features brick construction and a tar/gravel roof.

    Overview

    This commercial property in Woodlawn, Ohio, offers multiple spaces for rent, presenting various opportunities for businesses. One available garage space is suitable for uses such as a paint shop or storage, featuring three bays, two office areas, and two restrooms. The garage includes two garage doors and parking space for approximately 10 cars on the side of the building. The minimum lease term for the garage is two years. Additionally, there are two office spaces, Units #1 and #2, located on the second floor, each offering 1,100 square feet of space. Units 5, 6, and 8 provide approximately 500 square feet each. A minimum two-year lease agreement is required for the office spaces. The property is situated in a location that offers tons of potential for a business or just office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Universal Fleet & Tire Co — 10419 Chester Rd, Cincinnati, OH 45215
    • Japan Engines & Parts — 1067 Skillman Dr, Cincinnati, OH 45215
    • Major Tire — 518 Glendale Milford Rd, Cincinnati, OH 45215
    • Tri State Truck And Trailer Repair — 1210 Hillsmith Dr, Cincinnati, OH 45215

    Map

    City
    Woodlawn
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4599
    Latitude
    39.236

    FAQs

    What type of property is this?
    Auto shop - Woodlawn commercial property with multiple spaces for rent or sale.
    Where is this auto shop located?
    The property is located at 10045 Springfield Pike Woodlawn, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Versatile Garage Space: Includes 3 bays, 2 office areas, and 2 restrooms, suitable for various businesses.; Ample Parking: Space for approximately 10 cars.; Multiple Rental Units Available: Ranging from 500 sq ft to 1,100 sq ft at various price points.
    (866) 212-4991
    We can help!
    Listing Contact
    Jerawadee Srikalasin
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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