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    620 N Main St Springboro, OH 45066

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    620 N Main St Springboro, OH 45066

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    • Retail space
    • 7,200 SF
    • 0.99 lot acres
    For Lease
    $900,000
    View Listing →
    Office Space for Lease For Lease
    $900,000

    Office Space for Lease

    Office space available for lease.

    620 N Main St, Springboro, OH 45066
    View Listing
    Property ID
    US66-2802000
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bo Kearney / Loan Service / Bank
    • Steve Ellis-Cardinal Financial Company, Limited Partnership / Loan Service / Bank
    • Montes Brothers Electric / Electrical Service / General Contractor

    Property Details for 620 N Main St

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.99 lot acres
    Property size
    7,200 SF
    Property type
    Retail space
    APN
    04-08-101-025-0
    APU
    4081010250

    Description

    This exceptional 7,200 square foot office building, located at 620 North Main Street in Springboro, Ohio, presents a unique opportunity for businesses seeking a versatile and spacious workspace. Built in 2010, this single-story, Class B building sits on a 0.99-acre lot and offers ample parking with 25 spaces available for tenants and visitors. The entire 7,200 square feet is currently vacant, providing a blank canvas for customization to perfectly suit your company's needs. The property is zoned for office use and features a traditional office layout, ideal for a variety of businesses. The building's single-story design offers convenient accessibility and efficient workflow. Its location in Springboro, Ohio (zip code 45066), provides easy access to major transportation routes and local amenities. The property's APN is 04-08-101-025. This is a multi-tenant building, offering flexibility for businesses of various sizes. Don't miss this chance to secure a prominent location for your business in a thriving community. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,170,000
      6.5%
      $1,080,000
      7%
      $1,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $944,000
      Market price range: $502k - $1.61M
      AI Estimate
      $680,000
      Market price range: $386k - $1.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,035,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,435,000
      Change: +38% Conversion: Difficult
      OFFICE BUILDING
      $1,245,000
      Change: +20% Conversion: Easy
      COMMERCIAL (GENERAL)
      $945,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springboro
    County
    Warren
    State
    Ohio
    Longitude
    -84.2305
    Latitude
    39.5729
    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
    $13,004
    $73,924
    $179,410
    $253,334
    -
    $211,210
    $512,600
    $723,810

    Comparable in this City

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    • Value Estimation by Request
      2,838 SF

      25 Pioneer Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,838 SF
      25 Pioneer Blvd, Springboro, OH 45066-1176
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      864 SF

      20 Parker Dr

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      20 Parker Dr, Springboro, OH 45066-1334
      View Details
    • Value Estimation
      $585,000
      3,793 SF

      512 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,793 SF
      512 Central Ave, Springboro, OH 45066-1110
      View Details
    • Value Estimation
      $900,000
      11,048 SF

      758 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,048 SF
      758 Central Ave, Springboro, OH 45066-3020
      View Details
    • Value Estimation by Request
      3,176 SF

      301 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,176 SF
      301 Central Ave, Springboro, OH 45066-2313
      View Details

    Similar Nearby for Sale

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      3,000 SF

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      Land with I-75 Visibility

      Commercial land with high visibility near retail and restaurants.
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      Land Available For Sale

      2.2 +/- acres of land available for sale.
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      3,161 SF

      Springboro Office Space For Sale

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

      8.94 Acres Development Land

      8.94 acres of land ready for development in Springboro.
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    Similar Nearby for Lease

    • Contact for pricing
      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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      56,085 SF

      Available Retail Space in Springboro

      Large retail space available in Springboro, Ohio.
      625 West Central Ave, Springboro, OH 45066
      View Details
    • 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
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      New Retail Buildings Near DLM

      New retail spaces available across from Dorothy Lane Market.
      741 And Gardner Rd, 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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    • Contact for pricing

      Office Space for Lease

      Office space available for lease.
      620 N Main St, Springboro, OH 45066
      View Details
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    620 N Main St
    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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