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    20 Zischler St Springfield, OH 45504

    For Sale
    $1,950,000

    60,500 SF Warehouse, High Cap Rate

    Property size:
    60,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional Springfield, Ohio industrial property, located at 20 Zischler Street, presents a compelling investment opportunity. The 60,500 square foot warehouse boasts significant advantages, including well-below-market lease rates secured by a recently signed 10-year lease. The property features a substantial 10-ton crane, ideal for efficient material handling, and ample outside storage space, enhancing its operational versatility. The strong financial performance is underscored by an attractive 8.25% cap rate, making it an attractive addition to any portfolio. Annual property taxes are $19,075.92, and annual insurance premiums are $10,886. The property is situated in Clark County, Ohio, with the full address being 20 Zischler Street, Springfield, OH 45504. This warehouse offers a rare combination of size, functionality, and strong financial returns, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The long-term lease provides predictable income and minimizes vacancy risk. The combination of the crane, ample outdoor storage, and the favorable lease terms makes this property particularly attractive to a wide range of potential tenants. The asking price for this exceptional investment opportunity is $1,950,000.

    Property Features for 20 Zischler St

    General Information

    Property type
    Distribution properties
    Square Feet
    60,500 SF

    HighLights

    • Below‑market lease rates.
    • 10‑ton crane on site.
    • Ample outdoor storage area.
    • New 10‑year lease in place.
    • 8.25% capitalization rate.
    • Annual property taxes: $19,075.92.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Stair Stair Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8358996
    Latitude
    39.9267408

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    FAQs

    What type of property is this?
    Distribution property - 60,500 SF Warehouse, High Cap Rate
    Where is this distribution property located?
    The property is located at 20 Zischler St Springfield, OH.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Below-market lease rates.; 10-ton crane on site.; Ample outdoor storage area.
    Request Owner's contact information
    20 Zischler St Springfield, OH 45504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Zischler St Springfield, OH 45504
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