Commercial Land with Ample
950 W Central Ave Springboro, OH 45066
For Sale
Contact for pricing
Commercial land in Springboro with strong visibility, access to I-75 and State Route 73, and 91+ on-site parking spaces.
Property Size7,417 SF
Price / SF$161.79
Days on Market172
Property Features for 950 W Central Ave
General Information
- Standard status
- Active
- Size
- 7,417 SF
- Property subtype
- RETAIL
Listing Agency:
Schueler Group Henkle-Schueler, REALTORS
(513) 932-6010
Listed By:
Tom Cloud
(513) 932-6010
Source:
Moodyscre
Added: Feb 2
Changed: Jul 23
Last Checked: Jul 23 at 9:34AM
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 Schueler Group Henkle-Schueler, REALTORS
Investment Insights
Based on property information with market context.
This commercial land site offers strong visibility and convenient access to I-75 and State Route 73. The property includes ample on-site parking with 91+ spaces and also has a utilities easement.
The site is located in the city of Springboro and is surrounded by new retail and restaurant development. The area includes numerous retail sites, and the property provides room for expansion or a new build, supporting retail or other service business uses.
The property is approximately 20 miles from Dayton International Airport.
The site is located in the city of Springboro and is surrounded by new retail and restaurant development. The area includes numerous retail sites, and the property provides room for expansion or a new build, supporting retail or other service business uses.
The property is approximately 20 miles from Dayton International Airport.
Key Highlights
- Commercial land in Springboro with visibility and direct access to I‑75 and State Route 73
- Ample on‑site parking with 91+ spaces
- Utilities easement included with the site
Financial Insights For Retail
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 | $111.3k | $15.00 |
| − Vacancy | −$7.8k | −$1.05 |
| EGI | $103.5k | $13.95 |
| − OpEx | −$31.0k | −$4.19 |
| NOI | $72.4k | $9.76 |
7,417 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$905.3K – $1.21M
NOI $72,427 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,969 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smyth Automotive, Inc.
Auto Parts Store
FAQs
What type of property is this?
Retail space - Commercial land in Springboro with strong visibility, access to I-75 and State Route 73, and 91+ on-site parking spaces.
Where is this retail space located?
The property is located at 950 W Central Ave Springboro, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial land in Springboro with visibility and direct access to I‑75 and State Route 73; Ample on‑site parking with 91+ spaces; Utilities easement included with the site
