Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,325,000
Office Spaces
220 Central Ave Springboro, OH 45066-1189
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6103695
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
CONCRETE
Total area
40,898 SF
Lot
5.93 ac (258,398 SF)
APN
04-14-455-011-0
UPID
US66-6103695
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
-
Dairy Queen (Treat) Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$5.33M
Owner & transaction history
Springboro Properties LLC · 3 yrs held
Springboro Properties LLC
since 2022
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.1M
+51.6%
Office building
$7.1M
+31.7%
Retail stores
$5.9M
+9.7%
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 Springboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springboro 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
$5,360,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,370,000
Current use
INDUSTRIAL (GENERAL)
$8,140,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$7,070,000
Change: +32% · Conversion: Easy
RETAIL STORES
$5,890,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$5.33M
Range $4.79M – $5.86M · ±10% · vs last sale $5.33M (Nov 21 2022)
Last sale anchor
$5.33M
Nov 21 2022
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
$130 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$44,313
Tax year 2023
Assessed value
$1,726,501
Assessed 2023
Previous assessed
$1,726,501
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$373,716
Assessed improvement
$1,352,785
Land market value
$1,067,760
Improvement market value
$3,865,100
Total market value
$4,932,860
Applied tax rate
5.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
40,898 SF
Lot
5.93 ac (258,398 SF)
APN
04-14-455-011-0
UPID
US66-6103695
Jurisdiction
WARREN
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
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.93 ac
Current owner
From public records · entity-resolved
Springboro Properties LLC
Entity
Mailing address
6499 E BROAD ST STE #130, COLUMBUS, OH 43213-6506
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$5,325,000
Springboro Properties LLC
Springboro Shopping Center Dayton O
Special Warranty Deed
$3,993,750 · Ih Cu INC
Oct 15, 2020
—
Springboro Shopping Center Day
—
Deed
related
$3,725,000 · Other Institutional Lenders
Sep 30, 2020
—
Springboro Shopping Center Dayton O
Springboro Shopping Center Dayton O
Intrafamily Transfer
related
$3,725,000 · Bank Of America NA
Apr 5, 2005
$4,225,000
Springboro Shopping Center Dayton O
Springboro Management & Investments
Special Warranty Deed
$267,000 · Lehman Brothers Bank Fsb
Jun 13, 2003
$4,000,000
Springboro Management & INC
One Springboro Co LLC
Grant Deed
related
$3,200,000 · Us Bank NA
Dec 30, 1998
$585,100
One Springboro Co LLC
Oberer Development Co
Grant Deed
$2,385,000 · Bank One NA
—
—
One Springboro Co LLC
—
Deed Of Trust
related
$300,000 · National City Bank
—
—
Springboro Management Invs LLC
—
Deed Of Trust
related
$650,000 · Us Bank NA
—
—
Springboro Shopping Center Day
—
Deed Of Trust
related
$3,725,000 · Other Institutional Lenders
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 220 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
