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Office Building with 8.20% CAP
For Sale
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1108 Vester Ave, Springfield, OH 45503

For sale office building offering a stated 8.20% CAP on 5,986 SF in Springfield, OH.

Property Size5,986 SF
Days on Market120

Property Features for 1108 Vester Ave

General Information

Standard status Active
Size 5,986 SF
Property subtype Office

Additional Details

Cap Rate 8.2%
Listing Agency: Matthews
Listed By: Kyle Mackulak · License #CA 02055597
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 5:29AM

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 Matthews

Investment Insights

Based on property information with market context.

This offering is an office property presented for sale with a stated 8.20% CAP and 5,986 SF.

The building is located at 1108 Vester Ave in Springfield, Ohio 45503. The listing provides the property’s overall office-use configuration and the stated performance metric and size for prospective buyers and brokers to review.

Additional interior details, unit mix, and condition information are not included in the provided remarks, so interested parties should confirm specifics during due diligence.

Key Highlights

  • Office building for sale with a stated 8.20% cap rate.
  • Size: 5,986 SF office building.
  • Located in Springfield, OH.

Property Analytics

Current Use

Mercy Health - Springfield ... Physician Moroz Louise MD Physician Shawn Osterholt, MD, ... Physician Curtis Orr, MD, ... Physician Richard McNeely, DO, ... Physician

Suggested Use

Top Pick Law Firm HVAC Service Auto Repair Shop Building Supply Restaurant Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby

Demographics for 45503, OH

32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - For sale office building offering a stated 8.20% CAP on 5,986 SF in Springfield, OH.
Where is this office building located?
The property is located at 1108 Vester Ave Springfield, OH.
What are key features of this property?
This property features: Office building for sale with a stated 8.20% cap rate.; Size: 5,986 SF office building.; Located in Springfield, OH.
More about this property
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