Sign Up Successful!
You now have access to more from Realmo!
    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

    1985-2075 N Bechtle Ave Springfield, OH 45504

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr ($2,640 /Mo)

    Retail space available for lease in Springfield, OH.

    Property size:
    1,440 SF
    Lot size:
    4.38 Acres

    Property Features for 1985-2075 N Bechtle Ave

    General Information

    Size
    1,440 SF
    Lot size
    4.38 Acres

    We can help!

    Listing Contact
    Tracey Herron
    Tracey Herron
    Source: Moodyscre

    Listing Agent: Tracey Herron

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Available For Lease

    This retail space, located at 1985-2075 N Bechtle Ave in Springfield, OH, offers 1,440 square feet of space available for lease.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8306158
    Latitude
    39.9520244

    Nearby Similar for Lease

    • $15 SF/Yr
      7,442 SF

      Freestanding Medical Office Building For Lease

      3,600 SF medical/office building ideal for medical, dental, or professional use.
      1301 W 1St St, Springfield, OH 45504
      View Details
    • $24 SF/Yr
      19,727 SF

      Prime Restaurant Space, Las Vegas

      1,600 SF Available in Multi-Tenant Building
      1200 Bechtle Ave, Springfield, OH 45504
      View Details
    • $22 SF/Yr
      32,000 SF

      Prime Retail Space, Las Vegas

      Restaurant/Retail, 1,440 sq ft available
      2016 Bechtle St, Springfield, OH 45504
      View Details
    • Contact for pricing
      51,257 SF

      Leffel Lane Retail Center Opportunity

      Springfield, OH: 10,860 SF Retail Space Available
      195-205 Leffel Ln, Springfield, OH 45505
      View Details
    • $15 SF/Yr
      10,296 SF

      Springfield Medical Office Opportunity

      10,296 SF Medical Office Space Available
      435 Columbia St, Springfield, OH 45503
      View Details
    • Contact for pricing
      21,748 SF

      Limestone Center: Medical Office Space

      Springfield, OH Medical Office Suites Available
      2200 Limestone St, Springfield, OH 45503
      View Details
    • $17 SF/Yr
      6,000 SF

      Downtown Springfield Office Space

      Prime Office, 6,000 sq ft, Available Now
      5 North St, Springfield, OH 45504
      View Details
    • $25 SF/Yr
      2,175 SF

      Springfield Retail Space - Bechtle Ave

      High-traffic retail space, excellent visibility.
      1830 Bechtle Ave, Springfield, OH 45504
      View Details
    • $18 SF/Yr
      215,113 SF

      Springfield Retail Center Investment Opportunity

      Prime Springfield retail space, 10,500 sq ft available.
      1590 Bechtle Ave, Springfield, OH 45504
      View Details
    • $12 SF/Yr
      27,072 SF

      Springfield Medical Office Building

      Prime Medical Office Space Available
      247 Burnett Rd, Springfield, OH 45505
      View Details
    • $24 SF/Yr
      19,247 SF

      Springfield Retail Plaza - Prime Location

      High-traffic retail space available in Springfield, Ohio.
      1201-1212 Bechtle Ave, Springfield, OH 45504
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Major Retailers

      Retail spaces available near major retailers and a hospital.
      1500 Upper Valley Pike, Springfield, OH 45504
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Springfield, OH.
    Where is this retail space located?
    The property is located at 1985-2075 N Bechtle Ave Springfield, OH.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Retail space available for lease; - Located in Springfield, OH
    (937) 228-0155
    Request Owner's contact information
    1985-2075 N Bechtle Ave Springfield, OH 45504
    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.
    1985-2075 N Bechtle Ave
    Springfield, OH 45504
    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
    1985-2075 N Bechtle Ave Springfield, OH 45504
    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

    We can help!
    Listing Contact
    Tracey Herron
    Tracey Herron
    Real Estate License ID: SAL.0000446465
    (937) 228-0155
    Learn more
    Google sign-in failed. Please try again or use another login method.