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    235 Advanced Dr Springboro, OH 45066
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    Property profile & analytics

    235 Advanced Dr Springboro, OH 45066

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    • Retail properties & Spaces
    • 4,860 SF
    • 1.36 lot acres
    For Lease
    $530,000
    View Listing →
    Commercial Land Near I-75 For Lease
    $530,000

    Commercial Land Near I-75

    2 +/- acres of commercial land available for lease/purchase.

    235 Advanced Dr, Springboro, OH 45066
    View Listing
    Property ID
    US66-5221204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Honest Abe Roofing Dayton / Roofing Company / General Contractor

    Property Details for 235 Advanced Dr

    Year built
    2001
    Lot size
    1.36 lot acres
    Property size
    4,860 SF
    Property type
    Retail properties & Spaces
    APN
    04-19-300-014-0
    APU
    4193000140

    Description

    This exceptional 8.28-acre industrial land parcel presents a unique investment opportunity within the Stolz Industrial Park. Strategically located less than half a mile from Interstate 75, this property offers unparalleled access to major transportation arteries, ensuring efficient logistics and distribution. The land is zoned for industrial use, providing flexibility for a variety of development projects. A significant advantage is the availability of a 100% tax abatement for up to 15 years, substantially reducing operational costs and enhancing profitability. The property is currently offered for sale or lease, catering to diverse investment strategies. Furthermore, the site is designated as a Planned Unit Development (PUD) district, allowing for potential subdivision to accommodate multiple users or tailored development plans. This prime location, coupled with the substantial tax benefits and development flexibility, makes this industrial land a highly attractive proposition for businesses seeking to establish or expand their operations in a thriving commercial area. Serious inquiries are encouraged to explore the possibilities and secure this exceptional opportunity. Detailed zoning information and development guidelines are readily available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $505,000
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $500,000
      Market price range: $313k - $926k
      AI Estimate
      $357,000
      Market price range: $159k - $815k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $615,000
      Current use
      OFFICE BUILDING
      $840,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $700,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $640,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springboro
    County
    Warren
    State
    Ohio
    Longitude
    -84.2632
    Latitude
    39.5531
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,612
    $19,054
    $101,535
    $120,589
    -
    $54,440
    $290,100
    $344,540

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      125,000 SF

      73 And Shartz Rd Just

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      6,000 SF

      45 Commercial Way

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
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      8,957 SF

      741 Main St

      Neighborhood centers • 8,957 SF
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    • Value Estimation by Request
      5,600 SF

      158 Mound Park Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,600 SF
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      3,161 SF

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      Office space available in Springboro, Ohio, offering 3,161 square feet.
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      View Details
    • $1,300,000

      8.94 Acres Development Land

      8.94 acres of land ready for development in Springboro.
      220 Tahlequah Trl, Springboro, OH 45066
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      Land with I-75 Access

      Commercial land with utilities and convenient highway access.
      100 S Pioneer Blvd, Springboro, OH 45066
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    • Contact for pricing

      Commercial Land with Utilities Available

      Land available for sale, lease, or build-to-suit with utilities.
      Pioneer Blvd, Springboro, OH 45066
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      5,537 SF

      Springboro Office Building For Sale

      Office building with 5537 square feet of space.
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      Land with High Visibility

      Land with great visibility near retail and restaurant development.
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    Similar Nearby for Lease

    • Contact for pricing
      56,085 SF

      Retail Space in Springboro, OH

      Retail space available near Kroger in Springboro, Ohio.
      625-725 W Central Ave, Springboro, OH 45066
      View Details
    • Contact for pricing
      56,085 SF

      Available Retail Space in Springboro

      Large retail space available in Springboro, Ohio.
      625 West Central Ave, Springboro, OH 45066
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      1,456 SF

      Retail Space with Drive-Thru Option

      Retail spaces available with drive-thru and high traffic volume.
      736 Gardner Rd, Springboro, OH 45066
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      Office Space for Lease

      Office space available for lease.
      620 N Main St, Springboro, OH 45066
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      Land and Office Space Available

      Land and office space for lease near I-75.
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    View Listing
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    235 Advanced Dr
    Springboro, OH 45066
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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