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Property profile & analytics
FOR LEASE
Retail space
620 N Main St Springboro, OH 45066
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-2802000
For Lease
$16 SF/Yr
620 N Main St, Springboro, OH 45066
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
FRAME
Total area
7,200 SF
Lot
0.99 ac (43,325 SF)
APN
04-08-101-025-0
UPID
US66-2802000
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
-
Bo Kearney Loan Service Bank
-
Steve Ellis-Cardinal Financial Company, Limited Partnership Loan Service Bank
-
Montes Brothers Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$900k
Owner & transaction history
7 For 1 LLC · 16 yrs held
7 For 1 LLC
since 2009
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+38.2%
Office building
$1.2M
+20.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
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
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,004
Tax year 2023
Assessed value
$253,334
Assessed 2023
Previous assessed
$253,334
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$73,924
Assessed improvement
$179,410
Land market value
$211,210
Improvement market value
$512,600
Total market value
$723,810
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,200 SF
Lot
0.99 ac (43,325 SF)
APN
04-08-101-025-0
UPID
US66-2802000
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
7 For 1 LLC
Entity
Mailing address
PO BOX 1201, DAYTON, OH 45401-1201
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2009
$220,000
7 For 1 LLC
Ralph E Wade Insurance Agency INC
Warranty Deed
$737,500 · The Citizens National Bank Of South
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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