Versatile Manufacturing/Warehouse Facility
1221 Groop Rd Springfield, OH
For Sale
Contact for pricing
Spacious industrial property with cranes, expandable land, and modern amenities.
Property Size17,500 SF
Lot Size4.39 Acres
Price / SF$45.71
Days on Market450
Property Features for 1221 Groop Rd
General Information
Standard status
Active
Size
17,500 SF
Lot size
4.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Industrial Property Brokers
(937) 492-4423
Listed By:
Timothy Echemann
(937) 492-4423
Source:
Moodyscre
Added: May 6, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:02AM
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 Industrial Property Brokers
Investment Insights
Based on property information with market context.
The MNFG./WAREHOUSE FACILITY is located at 1221 GROOP ROAD, SPRINGFIELD, OH 45504. This property offers between 5,700 and 17,500 square feet of space with clear heights ranging from 12 to 18 feet. It includes 11 cranes ranging from 1 to 2 tons, security cameras, and a 10-15 HP air compressor. The property sits on 4.39 acres of expandable land, offering further development opportunities. It is located 3 miles from I-70 and benefits from no city income tax. Features include multiple drive-in doors, ample parking spaces, LED lighting, and an HVAC system. The property has 480 volts III phase power, a metal roof, and clear span column spacing. It is suited for diverse manufacturing and warehousing needs.
Key Highlights
- 5,700 - 17,500 SF of versatile manufacturing/warehouse space
- Located just 3 miles from I‑70 for convenient transportation
- Equipped with 11 cranes (1‑2 tons) and a 10‑15 HP air compressor
Financial Insights For Industrial
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 | $112.2k | $6.41 |
| − Vacancy | −$9.4k | −$0.54 |
| EGI | $102.7k | $5.87 |
| − OpEx | −$30.8k | −$1.76 |
| NOI | $71.9k | $4.11 |
17,500 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,320 @ 7.0% cap · market cap 10.92%
Second Best
Industrial
$1.03M
$898.9K – $1.20M
NOI $71,911 @ 7.0% cap · market cap 8.99%
Theoretical Best
Specialty Retail
$4.88M
$4.27M – $5.69M
NOI $341,688 @ 7.0% cap · market cap 42.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Spacious industrial property with cranes, expandable land, and modern amenities.
Where is this manufacturing property located?
The property is located at 1221 Groop Rd Springfield, OH.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,700 - 17,500 SF of **versatile manufacturing/warehouse space**; Located just 3 miles from I‑70 for convenient transportation; Equipped with **11 cranes (1‑2 tons) and a 10‑15 HP air compressor**
