Property summary
This exceptional retail center, located at 2953-2989 Derr Rd, Springfield, OH 45503, presents a unique investment opportunity. Situated on the northern edge of Springfield, this Class B shopping center enjoys a prime location, being the only retail center within a 2-mile radius, serving a densely populated residential area. The property features three available spaces, totaling 5,550 square feet, with individual spaces measuring 1,000, 2,250, and 2,300 square feet. The center benefits from a strong anchor tenant, Kroger, ensuring consistent foot traffic and high visibility. Its convenient location and excellent accessibility are further enhanced by ample parking and the availability of building signage. The property is conveniently located near the cross street of Villa Road in the Springfield submarket of Clark County. This presents a rare chance to establish a business in a thriving community with minimal competition and high potential for growth. The property's strategic positioning and existing infrastructure make it an ideal choice for a variety of retail businesses seeking a strong foothold in a well-established residential area.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight