Modern Storefront
For Sale
$625,000
801 Selma Road, Springfield, OH 45505
Commercial Sale, Springfield, OH
Property Size8,000 SF
Lot Size1.20 Acres
Price / SF$78.13
Days on Market141
Property Features for 801 Selma Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking
43
Parking features
Parking Lot
Security features
Security Lighting
Interior features
No Window Coverings
Directions
Route 70 East to Exit 54 North turn right on East Leffel lane to Selma road. Turn Left on Selma road to property on the left at 801-809 Selma Road.
Subdivision
013 S OF MAIN / E OF LIMESTONE
Standard status
Active
APN
3400700028320042
Size
8,000 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
2 Bathrooms
Office
Security Cameras
Building Details
Year built
2012
Flooring type
Vinyl
Building materials
Block, Concrete, Masonry, Metal Siding
Architectural style
Modern
Listing Agency:
Assist2Sell Your Home Listed/Sold
Listed By:
John Michael Hart
(937) 342-9092
Added: Apr 25
Changed: Sep 2
Last Checked: Sep 12 at 4:06AM
MLS# 1045255
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 8,000-square-foot commercial building was constructed in 2012 with a modern design and an open interior layout. The improvements include an office, two bathrooms, vinyl flooring, central air conditioning, natural-gas forced-air heating, and security camera equipment. Block, concrete, masonry, and metal siding contribute to the building’s construction profile.
The property occupies a visible corner location at 801 Selma Road in Springfield, Ohio, with a parking lot and public sewer service. An additional parcel identified as 809 Selma Road is included and measures 0.13 acres with dimensions of 38 by 150 feet.
The property occupies a visible corner location at 801 Selma Road in Springfield, Ohio, with a parking lot and public sewer service. An additional parcel identified as 809 Selma Road is included and measures 0.13 acres with dimensions of 38 by 150 feet.
Key Highlights
- 8,000‑square‑foot building constructed in 2012
- Visible corner location at 801 Selma Road, Springfield, OH
- Additional parcel at 809 Selma Road included; 0.13 acres and 38x150
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
$31,317
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
5.01%
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%
$626,340
$626.3K
Cap Rate 7%
$447,386
$447.4K
Cap Rate 9%
$347,967
$348.0K
Market Conditions
NOI Build-Up for 8,000 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
$46.4K $5.80/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$44.7K $5.59/SF
− OpEx
−$13.4K −$1.68/SF
NOI
$31.3K $3.91/SF
Area
Clark County, OH
Vacancy
3.58%
Lease Rate
$5.80 /SF/Yr
Expense Ratio
30.00%
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%
$626,340
Cap Rate 7%
$447,386
Cap Rate 9%
$347,967
Alternative Uses
Best Use
Retail
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,200 @ 7.0% cap · market cap 24.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,956 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,441 visits/mo
0.0 miles
Sunoco
Shops & Services
2,210 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with office space, two bathrooms, parking, and central air conditioning.
Where is this storefront property located?
The property is located at 801 Selma Road Springfield, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8,000‑square‑foot building constructed in 2012; Visible corner location at 801 Selma Road, Springfield, OH; Additional parcel at 809 Selma Road included; 0.13 acres and 38x150
