Wide-Open Flex Industrial
801 Selma Road Springfield, OH 45505
For Sale
$675,000
COMMERCIAL - Modern - Springfield, OH
Property Size8,000 SF
Lot Size1.20 Acres
Price / SF$84.38
Days on Market96
Property Features for 801 Selma Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
43
Parking features
Parking Lot
Security features
Security Lighting
Interior features
No Window Coverings
Standard status
Active
APN
3400700028320042
Size
8,000 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2012
Flooring type
Vinyl
Building materials
Block, Concrete, Masonry, Metal Siding
Architectural style
Modern
Listing Agency:
Assist2Sell Your Home Listed/Sold
(937) 342-9092
Listed By:
John Michael Hart
(937) 342-9092
Added: Apr 25
Changed: Jul 24
Last Checked: Jul 29 at 1:06AM
MLS# 1045255
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This built-in-2012 flex industrial building offers a wide-open interior layout intended for many uses, supported by an office and two bathrooms. Security cameras are installed, and the property is described as easy to show.
Located at 801 Selma Road in Springfield, OH 45505, the building sits on a visible corner lot. An additional parcel is included (Parcel #3400700028320003), totaling approximately 0.13 acres and described as 38 x 150.
With its open configuration and dedicated office space, the property can accommodate a variety of operational setups while maintaining a straightforward day-to-day floor plan.
Located at 801 Selma Road in Springfield, OH 45505, the building sits on a visible corner lot. An additional parcel is included (Parcel #3400700028320003), totaling approximately 0.13 acres and described as 38 x 150.
With its open configuration and dedicated office space, the property can accommodate a variety of operational setups while maintaining a straightforward day-to-day floor plan.
Key Highlights
- 8,000 SF+- wide open building designed for many uses
- Built in 2012 with modern architectural style
- Visible corner lot; includes 809 Selma Rd and additional parcel #3400700028320003 (0.13 acres, 38x150)
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $6.41 |
| − Vacancy | −$4.3k | −$0.54 |
| EGI | $47.0k | $5.87 |
| − OpEx | −$14.1k | −$1.76 |
| NOI | $32.9k | $4.11 |
8,000 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,553 @ 7.0% cap · market cap 15.79%
Second Best
Industrial
$469.6K
$410.9K – $547.9K
NOI $32,874 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,200 @ 7.0% cap · market cap 23.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Cozy Cauldron Cookies & Catering — 1322 Sunset Ave, Springfield, OH 45505
Frequently Asked Questions
What type of property is this?
Flex space - A built-in-2012 flex building with wide-open space, office, two bathrooms, and security cameras on a visible corner lot.
Where is this flex space located?
The property is located at 801 Selma Road Springfield, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 8,000 SF+- wide open building designed for many uses; Built in 2012 with modern architectural style; Visible corner lot; includes 809 Selma Rd and additional parcel #3400700028320003 (0.13 acres, 38x150)
