4901 Urbana Rd Springfield, OH 45502-9069
- Manufacturing properties
- 33,808 SF
- 4.24 lot acres
Current Use by Public Records
- Tool Tech LLC / Machine Shop
Property Details for 4901 Urbana Rd
- Year built
- 1988
- Construction
- STONE
- Lot size
- 4.24 lot acres
- Property size
- 33,808 SF
- Zone code
- I-1
- Property type
- Manufacturing properties
- APN
- 220-03-00033-000-051
- APU
- 2200300033000051
Description
This exceptional 33,808-square-foot manufacturing facility, located at 4901 Urbana Rd, Springfield, Ohio 45502, presents a compelling sale-leaseback opportunity. The property, classified as Class C industrial, boasts a strong credit tenant, Tool Tech, LLC, which has occupied the space since 1985. The asking price is $2,000,000, translating to a price per square foot of $59.16 and a desirable 7.25% capitalization rate. Built in 1985, the building sits on a 4.24-acre lot and is zoned for light manufacturing, providing ample space and flexibility. The facility features a ceiling height ranging from 16 to 20 feet, allowing for efficient use of vertical space. Two loading docks and one dock-high door ensure smooth and efficient material handling. The property also offers outdoor storage, and the column spacing is 25 feet. The sale includes a 15-year sale-leaseback agreement with strong lease terms, providing a secure and long-term income stream for the investor. The property's strategic location just north of I-70 offers excellent access to major transportation routes, enhancing its logistical advantages. This is an ideal investment for those seeking a stable, income-generating asset with a strong tenant and favorable lease terms in a prime industrial location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,900,000
- 6.5%
- $1,855,000
- 7%
- $2,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,680,000
- Geo Method
- $1,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,030,000
- Retail
- $2,215,000
- Mixed-Use
- $2,125,000
- Hospitality
- $2,055,000
- Educational
- $2,140,000
- Residential Income
- $1,825,000
- Energy
- $2,070,000
- Income-Based Land
- $2,170,000
- Food Service
- $2,240,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.804
- Latitude
- 39.9961
- CBSA code
- 44220
- CBSA name
- SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
