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Property profile & analytics
FOR SALE
Office buildings

250 Veronia Dr Springfield, OH 45502

55,584 SF 5.97 ac lot Built 2007
Entity Owned 11-yr Hold Free & Clear
Property ID
US66-4404315
Property summary
AI-generated overview

This exceptional three-story, 55,584-square-foot office building, constructed in 2008, is located at 250 Veronia Drive in Springfield, Ohio, within Clark County. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property's modern design makes it suitable for a variety of uses, including corporate headquarters, higher education institutions, healthcare providers, or research and development firms. Its size and layout offer significant flexibility for customization to meet specific operational needs. The building's prime location in Springfield offers convenient access to major transportation routes and amenities. This is an owner-user opportunity, priced attractively below the cost of new construction, making it a compelling investment. The property is classified as both Executive Office and Medical Office space, catering to a broad range of potential occupants. The building's single-tenant occupancy status simplifies management and provides a cohesive environment for a single organization. This presents a rare chance to acquire a substantial, modern office building in a desirable location at a competitive price point. The property's 55,584 square feet are spread across three stories, offering ample space for various configurations and departmental needs. The zip code for this property is 45502.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2007
Construction BRICK
Total area 55,584 SF
Lot 5.97 ac (260,053 SF)
APN 305-07-00005-313-006
UPID US66-4404315
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
  • SAIC Inc Professional Services
  • Newport Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.72M
Blend (final) Blend
$6.31M
Owner & transaction history
Speedway LLC · 11 yrs held
Speedway LLC
since 2014
2 recorded transactions
2014
$5.4M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $9.3M +101.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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