Professional Office Suite with Multiple
For Sale
Under Contract
$250,000
1919 E High Street, Springfield, OH 45505
COMMERCIAL - Springfield, OH
Property Size1,850 SF
Lot Size0.28 Acres
Price / SF$135.14
Days on Market26
Property Features for 1919 E High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Basement
Full
Subdivision
High Street Medical Arts
Directions
E High St
Standard status
Active Under Contract
APN
3400700028207023
Size
1,850 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1976
Building materials
Brick
Listing Agency:
Always Sunny Realty, LLC
(937) 308-1122
Listed By:
Sunny R Dhingra · License #2015003696
(937) 308-1122
Added: Jul 15
Changed: Aug 5
Last Checked: Aug 9 at 4:06PM
MLS# 1047065
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional office suite offers a flexible layout for a range of professional uses. The space includes 7 private offices or patient rooms, with 5 of the rooms featuring sinks with water access. The interior also provides a reception area, a spacious waiting room, 2 restrooms, and an operatory. A full basement is included for storage.
The property is a brick building built in 1976, with natural gas forced-air heating and central air conditioning. The suite is described as the right-side office suite when facing the property from East High Street, and it is accessed through three separate entrances with rear parking for staff and clients.
Additional practical systems include public sewer service. Updates and personal touches may be used to tailor the space to a specific business while retaining the existing functional floor plan.
The property is a brick building built in 1976, with natural gas forced-air heating and central air conditioning. The suite is described as the right-side office suite when facing the property from East High Street, and it is accessed through three separate entrances with rear parking for staff and clients.
Additional practical systems include public sewer service. Updates and personal touches may be used to tailor the space to a specific business while retaining the existing functional floor plan.
Key Highlights
- 7 private offices or patient rooms, including 5 with sinks and water access
- Reception area and spacious waiting room plus operatory
- 2 restrooms and full basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,158
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,160
$443.2K
Cap Rate 7%
$316,543
$316.5K
Cap Rate 9%
$246,200
$246.2K
Market Conditions
NOI Build-Up for 1,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.4K $21.84/SF
− Vacancy
−$3.5K −$1.88/SF
EGI
$36.9K $19.96/SF
− OpEx
−$14.8K −$7.98/SF
NOI
$22.2K $11.98/SF
Area
Clark County, OH
Vacancy
8.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,160
Cap Rate 7%
$316,543
Cap Rate 9%
$246,200
Alternative Uses
Best Use
Office B
$352.0K
$308.0K – $410.7K
NOI $24,640 @ 7.0% cap · market cap 9.86%
Second Best
Healthcare Medical
$316.5K
$277.0K – $369.3K
NOI $22,158 @ 7.0% cap · market cap 8.86%
Theoretical Best
Specialty Retail
$516.0K
$451.5K – $602.0K
NOI $36,121 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office suite with private patient or office rooms, reception and waiting space, and central air in a brick building.
Where is this office units located?
The property is located at 1919 E High Street Springfield, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 7 private offices or patient rooms, including 5 with sinks and water access; Reception area and spacious waiting room plus operatory; 2 restrooms and full basement for storage
