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Financial
Distress signals
Property profile

1880 S Limestone St Springfield, OH 45505

FOR SALE
Outlet malls
Property ID
US66-2374381
14,668 SF 1.97 ac lot Built 2001
Last sale Jun 2022 · $4,665,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 14,490-square-foot Walgreens pharmacy situated on a 1.97-acre lot in Springfield, Ohio. The property boasts a highly desirable absolute NNN net lease, eliminating landlord responsibilities. The lease, with a corporate guarantee, features a remaining term of approximately 2.1 years, followed by ten five-year renewal options, extending to December 31, 2026. Built in 2001, the single-building property enjoys 100% occupancy and generates a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$26k
Tax billed · 2023
Assessed value$353k
Assessed land$120k
Assessed improvement$233k
Effective rate7.26%

Value estimate

· Oct 2026
$1.28M
$1.15M – $1.40M
CAP approach$885k
Submarket $/SF estimate$1.17M
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$3k
Operating expenses−$24k
NOI · 1.10% cap applied$57k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$27 – $80

Cap rate analysis

How does the asset earn?
1.10%
$57k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLARK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.1
Law Firm30.3
Dental Office26.7

Location

1880 S Limestone St Springfield, OH 45505
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 14 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
4785 National, Springfield, OH 45505-1857 $1,750,000 Feb 2023 89,652 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
3 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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