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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Warehouses
2024 Selma Rd Springfield, OH 45505-4238
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2490069
Property summary
AI-generated overview
This exceptional investment opportunity presents a prime 74,760-square-foot industrial property situated on a 2.07-acre lot in Springfield, Ohio. The property comprises two buildings, constructed in 1982, 1984, 2017, and 2022, offering a blend of established and modern infrastructure. One building encompasses 69,960 square feet, while the second building offers an additional 4,800 square feet of space. The property boasts six loading docks and eight drive-in doors, ensuring efficient loading and unloading operations. The facility is equipped with 3-phase electric service. Annual real estate taxes are $29,880.58, translating to $0.40 per square foot. Currently vacant, this property is ideally suited for a variety of distribution and warehouse operations, presenting a compelling opportunity for immediate occupancy and significant return on investment. The property's location in Clark County, Ohio, at 2024 Selma Rd, Springfield, OH 45505, offers convenient access to major transportation routes. The asking price is $2,775,000, with a price per square foot of $37.12. This represents a strong value proposition in the current market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
METAL FRAME
Total area
11,369 SF
Lot
1.83 ac (79,715 SF)
APN
330-07-00027-406-002
UPID
US66-2490069
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
-
Fisher Beverage Co Cafe & Coffee Shop Food Market
-
Bobby Fisher Distribution Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Cincinnati Capital Partners 642 LLC · 1 yrs held
Cincinnati Capital Partners 642 LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+331.4%
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
$2,105,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,910,000
Change: +331% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $2.05M (Mar 12 2025)
Last sale anchor
$2.05M
Mar 12 2025
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
$181 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$119,500
Assessed 2023
Previous assessed
$27,900
+328.3% YoY
Assessed land
$27,900
Assessed improvement
$91,600
Land market value
$79,710
Improvement market value
$261,710
Total market value
$341,420
Applied tax rate
330.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
11,369 SF
Lot
1.83 ac (79,715 SF)
APN
330-07-00027-406-002
UPID
US66-2490069
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Cincinnati Capital Partners 642 LLC
Entity
Mailing address
1 ARENA PARK DR, DAYTON, OH 45417-4678
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$2,050,000
Cincinnati Capital Partners 642 LLC
Lone Dock LLC
Deed
$3,700,000 · New Carlisle Federal Savings Bank
Sep 21, 2022
$2,400,000
Lone Dock LLC
Todd W Fennell
Deed
—
Aug 29, 2022
—
Todd W Fennell
Estate Of Robert W Fisher JR
Certificate Of Transfer
—
Jun 28, 2016
—
Robert W Fisher JR.
—
Deed
related
$625,000 · Security National Bank
Aug 23, 2010
—
Robert W Fisher JR.
—
Deed Of Trust
related
$4,918,246 · Security National Bank
Jun 22, 2010
—
Robert W Fisher JR.
—
Deed Of Trust
related
$4,062,405 · Security National Bank
Dec 23, 2009
—
Robert W Fisher JR.
—
Deed Of Trust
related
$3,600,000 · Security National Bank
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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