Property profile

2024 Selma Rd Springfield, OH 45505

OFF-MARKET
Warehouses
Property ID
US66-2490069
11,369 SF 1.83 ac lot Built 2022
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop Food Market
  • Big Box & Wholesale Store Distribution Center

Location

2024 Selma Rd Springfield, OH 45505-4238
Springfield metro Census 1300 SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.11M

Owner & transaction history

since 2025
Last sale
$2.1M
7 recorded transactions
2025
$2.1M
2022
$2.4M
2022
Price N/A
2016
Price N/A
2010
Price N/A
2010
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.9M +331.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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