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Property profile & analytics
OFF-MARKET
Estimated value
$6,040,000
Industrial properties
185 Pioneer Blvd Springboro, OH 45066-3045
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1892672
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
CONCRETE
Total area
102,302 SF
Lot
6.63 ac (288,629 SF)
APN
04-19-226-007-0
UPID
US66-1892672
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RollWizard Distribution Center
-
Paper Systems Inc Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.11M
CAP Approach
CAP
$6.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.04M
Owner & transaction history
Exeter 185 S Pioneer LP · 5 yrs held
Exeter 185 S Pioneer LP
since 2021
Last sale
$5.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,120,000
ML approach
$6,105,000
CAP Approach
CAP Return
Estimation
6%
$7,005,000
6.5%
$6,465,000
7%
$6,005,000
Blend value · Realmo final
$6.04M
Range $5.44M – $6.64M · ±10% · vs last sale $5.26M (May 3 2021)
Last sale anchor
$5.26M
May 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,546
Tax year 2023
Assessed value
$1,830,430
Assessed 2023
Previous assessed
$1,830,430
+0.0% YoY
Effective rate
6.31%
On assessed value
Assessed land
$115,955
Assessed improvement
$1,714,475
Land market value
$331,300
Improvement market value
$4,898,500
Total market value
$5,229,800
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
102,302 SF
Lot
6.63 ac (288,629 SF)
APN
04-19-226-007-0
UPID
US66-1892672
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.63 ac
Current owner
From public records · entity-resolved
Exeter 185 S Pioneer LP
Entity
Free & Clear · 5 yrs held
Mailing address
100 W MATSONFORD RD BLDG #5, RADNOR, PA 19087-4559
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
—
Exter 185 S Pioneer LP
—
Deed
related
$84,075,000 · Massachusetts Mutual Life Insurance Co
May 3, 2021
$5,255,000
Exeter 185 S Pioneer LP
Springboro Development Ltd
Limited Warranty Deed
—
Oct 3, 2016
—
Springboro Dev Ltd
—
Deed
related
$2,800,000 · Peoples Bk
Nov 15, 2005
—
Springboro Dev Ltd
Springboro Dev
Quit Claim Deed
—
—
—
Springboro Dev Ltd
—
Deed Of Trust
related
$2,800,000 · Peoples Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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