Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    625-725 W Central Ave Springboro, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available near Kroger in Springboro, Ohio.

    Type:RETAIL
    Property size:
    56,085 SF
    Lot size:
    13.24 Acres
    Added:
    Jun 22, 2023
    Days on Market:
    1038
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 625-725 W Central Ave

    General Information

    Standard status
    Active
    Size
    56,085 SF
    Lot size
    13.24 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 625-725 W Central Ave Contact us

    We can help!

    Listing Contact
    Patrick Hewitt

    Listing agent Patrick Hewitt

    Listing office CBRE | Dayton

    Listing date Jun 22, 2023

    Source Moodyscre

    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 CBRE | Dayton

    Overview

    Retail Space in Springboro, OH

    Located at the southwest corner of State Route 73 and Pioneer Boulevard in Springboro, Ohio, this retail space is situated just east of Interstate 75. The property features up to 56,085 square feet of available space, formerly occupied by Kroger. A new 98,000 square foot Kroger Marketplace store and fuel center recently opened in late October 2021. The owner is willing to demise the space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coin Cloud Bitcoin ATM — 945 W Central Ave, Springboro, OH 45066

    Location Insight

    • Map
    • Local Demand
    City
    Springboro
    County
    Warren
    State
    Ohio
    Longitude
    -84.2573
    Latitude
    39.5612

    Nearby Similar for Lease

    • $7 SF/Yr

      Springboro Office Space Available

      Office suites available in Springboro Business Park with I-75 access.
      720-740 Pleasant Valley Dr, Springboro, OH
      View Details
    • Contact for pricing

      Available Retail Space in Springboro

      Large retail space available in Springboro, Ohio.
      625 West Central Avenue, Springboro, OH, 45066
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru Option

      Retail spaces available with drive-thru and high traffic volume.
      736 Gardner Rd, Springboro, OH
      View Details
    • Contact for pricing

      New Retail Buildings Near DLM

      New retail spaces available across from Dorothy Lane Market.
      SR 741 and Gardner Road, Springboro, OH 45066
      View Details
    • $6 SF/Yr

      Warehouse Space with Dock Doors

      44,652 SF warehouse featuring multiple dock and drive-in doors.
      235 S Pioneer Blvd, Springboro, OH
      View Details
    • $18 SF/Yr

      Medical Office Space Available

      1550 SF medical office space for lease.
      245 N Main St, Springboro, OH
      View Details
    • Contact for pricing

      Industrial Building in Springboro Business Park

      10,000 SF industrial building with office and warehouse space.
      Advanced Dr & Sharts Rd, Springboro, OH
      View Details
    • Contact for pricing

      Office

      18 Remick Blvd, Springboro, OH 45066
      View Details
    • Contact for pricing

      Springboro Flex Space Available

      Multi-tenant flex building with immediate I-75 access.
      690 Pleasant Valley Dr, Springboro, OH 45066
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease.
      620 N Main St, Springboro, OH 45066
      View Details
    • Contact for pricing

      Springboro Office Building For Lease

      One-story office building in excellent condition with ample parking.
      550 N Main St, Springboro, OH
      View Details
    • $7 SF/Yr

      Flex Space Near I-75

      Multi-tenant flex buildings with I-75 access in Springboro.
      690-710 Pleasant Valley Dr, Springboro, OH
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available near Kroger in Springboro, Ohio.
    Where is this shopping center located?
    The property is located at 625-725 W Central Ave Springboro, OH.
    What are key features of this property?
    This property features: Located at the SWC of SR 73 at Pioneer Boulevard in Springboro and just east of I‑75.; Up to 56,085 square feet available.; Owner willing to demise the space.
    (312) 609-9454 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Hewitt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!