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Property profile & analytics
OFF-MARKET Estimated value $980,000
Warehouses

20 Zischler St Springfield, OH 45504-2853

62,880 SF 2.38 ac lot Built 1940
Entity Owned Free & Clear
Property ID
US66-1498988
Property summary
AI-generated overview

This exceptional Springfield, Ohio industrial property, located at 20 Zischler Street, presents a compelling investment opportunity. The 60,500 square foot warehouse boasts significant advantages, including well-below-market lease rates secured by a recently signed 10-year lease. The property features a substantial 10-ton crane, ideal for efficient material handling, and ample outside storage space, enhancing its operational versatility. The strong financial performance is underscored by an attractive 8.25% cap rate, making it an attractive addition to any portfolio. Annual property taxes are $19,075.92, and annual insurance premiums are $10,886. The property is situated in Clark County, Ohio, with the full address being 20 Zischler Street, Springfield, OH 45504. This warehouse offers a rare combination of size, functionality, and strong financial returns, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The long-term lease provides predictable income and minimizes vacancy risk. The combination of the crane, ample outdoor storage, and the favorable lease terms makes this property particularly attractive to a wide range of potential tenants. The asking price for this exceptional investment opportunity is $1,950,000.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1940
Construction METAL FRAME
Total area 62,880 SF
Lot 2.38 ac (103,673 SF)
APN 340-06-00005-324-001
UPID US66-1498988
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
  • National Stair General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$980k
Owner & transaction history
Nadano LLC
Nadano LLC
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2021
Price N/A
2002
$595,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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