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    2953 Derr Rd Springfield, OH 45503

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, 3 spaces available

    Lot size:
    5,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail center, located at 2953-2989 Derr Rd, Springfield, OH 45503, presents a unique investment opportunity. Situated on the northern edge of Springfield, this Class B shopping center enjoys a prime location, being the only retail center within a 2-mile radius, serving a densely populated residential area. The property features three available spaces, totaling 5,550 square feet, with individual spaces measuring 1,000, 2,250, and 2,300 square feet. The center benefits from a strong anchor tenant, Kroger, ensuring consistent foot traffic and high visibility. Its convenient location and excellent accessibility are further enhanced by ample parking and the availability of building signage. The property is conveniently located near the cross street of Villa Road in the Springfield submarket of Clark County. This presents a rare chance to establish a business in a thriving community with minimal competition and high potential for growth. The property's strategic positioning and existing infrastructure make it an ideal choice for a variety of retail businesses seeking a strong foothold in a well-established residential area.

    Property Features for 2953 Derr Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,550 SF
    Class
    B

    Unit(s) available at that property

    Space
    2983
    Size
    2,250 SF
    Space
    2963
    Size
    2,300 SF
    Space
    2971
    Size
    1,000 SF

    HighLights

    • Exceptional retail center investment opportunity at 2953‑2989 Derr Rd, Springfield, OH.
    • Prime location: Only retail center within a 2‑mile radius, serving a dense residential area.
    • Three available spaces totaling 5,550 square feet (1,000 SF, 2,250 SF, 2,300 SF).
    • Strong anchor tenant: Kroger, ensuring high visibility and foot traffic.
    • Ample parking and building signage available.
    • Convenient access and location near Villa Road in Springfield's Clark County submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hot Head Burritos Burrito Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.7858588
    Latitude
    39.9639874

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, 3 spaces available
    Where is this retail property located?
    The property is located at 2953 Derr Rd Springfield, OH.
    What are key features of this property?
    This property features: Exceptional retail center investment opportunity at 2953-2989 Derr Rd, Springfield, OH.; Prime location: Only retail center within a 2-mile radius, serving a dense residential area.; Three available spaces totaling 5,550 square feet (1,000 SF, 2,250 SF, 2,300 SF).
    Request Owner's contact information
    2953 Derr Rd Springfield, OH 45503
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    Springfield, OH 45503
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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
    2953 Derr Rd Springfield, OH 45503
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