Commercial Land with Ample
For Sale
Contact for pricing
950 W Central Ave, Springboro, OH 45066
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 Market264
Property Features for 950 W Central Ave
General Information
Standard status
Active
Size
7,417 SF
Total Parking Spaces
91
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Listing Agency:
Schueler Group Henkle-Schueler, REALTORS
(513) 932-6010
Listed By:
Tom Cloud
Source:
Moodyscre
Added: Feb 2
Changed: Oct 10
Last Checked: Oct 23 at 10:29AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$72,427
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,540
$1.4M
Cap Rate 7%
$1,034,671
$1.0M
Cap Rate 9%
$804,744
$804.7K
Market Conditions
NOI Build-Up for 7,417 SF
Gross rent
$111.3K $15.00/SF
− Vacancy
−$7.8K −$1.05/SF
EGI
$103.5K $13.95/SF
− OpEx
−$31.0K −$4.19/SF
NOI
$72.4K $9.76/SF
Area
Warren County, OH
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,540
Cap Rate 7%
$1,034,671
Cap Rate 9%
$804,744
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 45066, OH
26,399
Population
9,747
Households
2.7
Avg Household Size
40
Median Age
57%
College-Educated
98%
High-School Grad
20.4 sq mi
ZIP Area
1,294
Density / Sq Mi
$122,208
Median Household Income
$64,298
Median Earnings
$1,387
Median Rent
$362,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
