Mixed-Use Property in Springboro,
10 FAIRWAY DR Springboro, OH 45066
10 FAIRWAY DR, Springboro, OH, 45066
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For Sale
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2,810 SF mixed-use property available for sale.
Property Size2,523 SF
Price / SF$158.54
Days on Market66
Property Features for 10 FAIRWAY DR
General Information
- Standard status
- Active
- Size
- 2,523 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1962
Listing Agency
Ullery Real Estate LLC
(937) 673-8874
Listed by
Lara Ullery · License #2019006507
Source
Crexi
Added: May 13 Checked: Jul 16 at 5:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ullery Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property, offering 2,810 square feet, was last updated on April 5, 2018. The property is situated on a 2,523 square foot lot.
Key Highlights
- 2,810 SF of living space
- Built in 1962
- Constructed on 04/05/2018
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $21.60 |
| − Vacancy | −$3.5k | −$1.38 |
| EGI | $51.0k | $20.22 |
| − OpEx | −$19.1k | −$7.58 |
| NOI | $31.9k | $12.64 |
2,523 SF · lease $21.60/SF/yr · vacancy 6.40% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$455.4K
$398.5K – $531.4K
NOI $31,881 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.5K
$493.1K – $657.5K
NOI $39,448 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Franklin Mortgage Solutions
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 2,810 SF mixed-use property available for sale.
Where is this mixed-use property located?
The property is located at 10 FAIRWAY DR Springboro, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,810 SF of living space; Built in 1962; Constructed on 04/05/2018
