204 Lowry Ave Springfield, OH 45506
This exceptional Springfield, Ohio industrial property offers 56,892 square feet of versatile space, encompassing a high-bay warehouse (26,031 sq ft), flex warehouse (10,522 sq ft), and multi-floor office/warehouse (20,339 sq ft). Built in 1958, this single-building property sits on a 1.62-acre lot and features four loading docks and ceiling heights ranging from 10 to 24 feet. The asking price is $1,250,000, translating to $21.97 per square foot. Its prime location in Springfield benefits from significant recent revitalization efforts, including over $400 million in new developments downtown in the last decade. The property's proximity to the NTPRD Chiller (an indoor ice skating arena generating substantial economic impact), a vibrant arts community (including the Springfield Symphony Orchestra and Clark State Performing Arts Center), Wittenberg University, and Clark State Community College makes it an attractive investment opportunity. The property's APN is 34-00700-03411-4002. This unique blend of warehouse and office space presents a compelling opportunity for a variety of businesses seeking a well-located and functional facility in a growing Ohio city.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.