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Retail Investment Property with Cap Rate
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120-150 Tuttle Road, Springfield, OH 45503

For-sale retail property featuring an 8.00% cap rate and 34,040 SF of space.

Property Size34,040 SF
Days on Market121

Property Features for 120-150 Tuttle Road

General Information

Standard status Active
Size 34,040 SF
Property subtype Retail

Additional Details

Cap Rate 8%
Listing Agency: The Gilbert Group
Listed By: Michael Nolan · License #OH SAL.2004017782
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 12:14PM

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 The Gilbert Group

Investment Insights

Based on property information with market context.

This for-sale retail investment property is offered with an 8.00% cap rate and a total of 34,040 SF.

The asset is located at 120-150 Tuttle Road in Springfield, Ohio 45503. The listing is presented as a retail offering within the commercial real estate market.

Additional details regarding the building layout, unit mix, and specific income structure are not provided in the available information.

Key Highlights

  • For‑sale retail property with an 8.00% cap rate
  • 34,040 SF retail building

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Restaurant Hair Salon Big Box & Wholesale Store

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

165
Businesses Nearby
112k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 57% Dining 22% Shops & Services 12% Electronics 4%
Walmart Superstores
63,639 visits/mo 0.4 miles
SONIC Drive In Dining
9,887 visits/mo 0.3 miles
Bob Evans Restaurant Dining
9,298 visits/mo 0.3 miles
Fifth Third Bank & ATM Shops & Services
5,274 visits/mo 0.3 miles
Murphy USA Shops & Services
4,845 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For-sale retail property featuring an 8.00% cap rate and 34,040 SF of space.
Where is this retail space located?
The property is located at 120-150 Tuttle Road Springfield, OH.
What are key features of this property?
This property features: For‑sale retail property with an 8.00% cap rate; 34,040 SF retail building
(614) 674-6942 Call to check price and availability
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