Versatile Manufacturing/Warehouse Facility
For Sale
Contact for pricing
1221 Groop Rd, Springfield, OH
Spacious industrial property with cranes, expandable land, and modern amenities.
Property Size17,500 SF
Lot Size4.39 Acres
Price / SF$45.71
Days on Market545
Property Features for 1221 Groop Rd
General Information
Standard status
Active
Size
17,500 SF
Lot size
4.39 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1221 Groop Rd
1221 Groop Rd Springfield OH
AVAILABLE, Now
Floor
Bldg
Size
1,800 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Building B at 1221 Groop Road, Springfield, OH 45504 offers an efficient industrial leasing opportunity for warehouse, manufacturing, or service users seeking functionality and value. This 1,800 SF clear-span building features 14' clear height, one oversized 14' x 14' drive-in door, 480V 3-phase power, LED lighting, and forced-air gas heat for dependable day-to-day operations. Situated on a 2-acre site just 3 miles from I-70, the property provides convenient regional access along with practical on-site amenities including 10 car spaces, 5 trailer spaces, exterior security cameras, and no city income tax. Built in 2008, the building includes a durable metal roof in good condition, a 6" floor, natural gas, well and septic, and M-2 manufacturing zoning to support a range of industrial uses. With a competitive lease rate of $4.00 NNN/SF/year, Building B is a cost-effective option for tenants looking for clean, functional space in the Springfield market.
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Listing Agency:
Industrial Property Brokers
Listed By:
Timothy Echemann · License #OH 0000359250
(937) 492-4423
Source:
Moodyscre
Added: May 6, 2025
Changed: Oct 25
Last Checked: Oct 30 at 11:34AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$71,911
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,220
$1.4M
Cap Rate 7%
$1,027,300
$1.0M
Cap Rate 9%
$799,011
$799.0K
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$112.2K $6.41/SF
− Vacancy
−$9.4K −$0.54/SF
EGI
$102.7K $5.87/SF
− OpEx
−$30.8K −$1.76/SF
NOI
$71.9K $4.11/SF
Area
Clark County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,220
Cap Rate 7%
$1,027,300
Cap Rate 9%
$799,011
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
14
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Market
Vacancy Rate% for Industrial in Midwest region
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**
