429 S Limestone Street Springfield, OH 45505
Operating car lot with office and storage space for sale.
Property Features for 429 S Limestone Street
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- Mixed Use
Listing office Lagonda Creek Real Estate, LLC (937) 342-9995
Listing date Dec 3, 2023
Source Crexi
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 Lagonda Creek Real Estate, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility corner lot at a major intersection.
- Currently operating car lot with existing infrastructure.
- Two service bays for vehicle maintenance or repair.
Local Financial Insights For Office B
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 | $41.1k | $21.93 |
| − Vacancy | −$7.8k | −$4.17 |
| EGI | $33.2k | $17.76 |
| − OpEx | −$8.3k | −$4.44 |
| NOI | $24.9k | $13.32 |
Alternative Uses
Property Analytics
Current Use by Public Records
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