Mixed-Use Property with
For Sale
$1,099,000
2375 Upper Valley Pike, Springfield, OH 45502
Large commercial tract with multiple zoning districts, existing improvements, and development-ready utility access.
Property Size3,008 SF
Price / SF$365.36
Days on Market22
Property Features for 2375 Upper Valley Pike
General Information
Standard status
Active
Size
3,008 SF
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Heritage
Listed By:
Arthur A Solomon · License #2014003166
(937) 631-5562
Source:
Thelorilynngroup
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 6 at 12:45AM
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This 43.75-acre mixed-use property combines commercial, residential, and agricultural zoning with existing improvements and varied terrain. The 22.36-acre primary parcel includes B-3 frontage, an operating restaurant and bar within a historic oak barn, a liquor license, and a 3,000+ square foot single-family home. The adjoining 21.39-acre parcel is entirely R-4 and primarily wooded. Across both parcels, approximately 36 acres are unimproved R-4 land.
The property has approximately 900 feet of combined road frontage on both sides of Upper Valley Pike. Utilities include natural gas, electric, cable, water from a licensed OEPA public well, and city sewer access through an easement. A 1-acre pond, rolling hills, wooded ravines, and the site’s proximity to I-70, US 68, US 40, and St Rt 41 add to its physical flexibility. Dayton International Airport is approximately 20 minutes away, while Dayton, Columbus, and Cincinnati are approximately 30, 60, and 90 minutes away, respectively.
The property has approximately 900 feet of combined road frontage on both sides of Upper Valley Pike. Utilities include natural gas, electric, cable, water from a licensed OEPA public well, and city sewer access through an easement. A 1-acre pond, rolling hills, wooded ravines, and the site’s proximity to I-70, US 68, US 40, and St Rt 41 add to its physical flexibility. Dayton International Airport is approximately 20 minutes away, while Dayton, Columbus, and Cincinnati are approximately 30, 60, and 90 minutes away, respectively.
Key Highlights
- 43.75‑acre commercial property across two parcels
- Approximately 900 feet of combined frontage on both sides of Upper Valley Pike
- Primary 22.36‑acre parcel includes B‑3, R‑4, and A‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,731
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,620
$1.2M
Cap Rate 7%
$839,014
$839.0K
Cap Rate 9%
$652,567
$652.6K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$81.2K $27.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$78.3K $26.03/SF
− OpEx
−$19.6K −$6.51/SF
NOI
$58.7K $19.53/SF
Area
Clark County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,620
Cap Rate 7%
$839,014
Cap Rate 9%
$652,567
Alternative Uses
Best Use
Specialty Retail
$839.0K
$734.1K – $978.9K
NOI $58,731 @ 7.0% cap · market cap 5.34%
Second Best
Mixed Use
$444.8K
$389.2K – $518.9K
NOI $31,133 @ 7.0% cap · market cap 2.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 45502, OH
16,767
Population
7,073
Households
2.4
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
115.3 sq mi
ZIP Area
145
Density / Sq Mi
$87,378
Median Household Income
$49,402
Median Earnings
$886
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Large commercial tract with multiple zoning districts, existing improvements, and development-ready utility access.
Where is this mixed-use property located?
The property is located at 2375 Upper Valley Pike Springfield, OH.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 43.75‑acre commercial property across two parcels; Approximately 900 feet of combined frontage on both sides of Upper Valley Pike; Primary 22.36‑acre parcel includes B‑3, R‑4, and A‑1 zoning
