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Property profile & analytics
FOR SALE
Office Spaces
625 West Central Ave Springboro, OH 45066
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-2654533
For Sale
1 / 5
$15,265,000
625 West Central Ave, Springboro, OH 45066
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Total area
90,336 SF
Lot
12.07 ac (525,900 SF)
APN
04-20-478-015-1
UPID
US66-2654533
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
-
Jeffrey Christman Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Starbucks Cafe & Coffee Shop
-
Western Union Bank Credit Union
-
Kroger Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.56M
Comparable Approach
Comparable
$15.76M
Blend (final)
Blend
$15.27M
Owner & transaction history
KROGER CO
KROGER CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.9M
+84.5%
Industrial (general)
$18.0M
+51.6%
Office building
$15.6M
+31.7%
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%
$19,025,000
6.5%
$17,560,000
7%
$16,305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,855,000
Current use
AUTO REPAIR, GARAGE
$21,880,000
Change: +85% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$17,980,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$15,610,000
Change: +32% · Conversion: Easy
RETAIL STORES
$13,010,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$15.27M
Range $13.74M – $16.79M · ±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
$169 / 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
$145,616
Tax year 2023
Assessed value
$4,632,128
Assessed 2023
Previous assessed
$2,306,798
+100.8% YoY
Effective rate
3.14%
On assessed value
Assessed land
$633,833
Assessed improvement
$3,998,295
Land market value
$1,810,950
Improvement market value
$11,423,700
Total market value
$13,234,650
Applied tax rate
7.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1992
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Total area
90,336 SF
Lot
12.07 ac (525,900 SF)
APN
04-20-478-015-1
UPID
US66-2654533
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
COMMERCIAL (GENERAL) Current
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$21.9M
INDUSTRIAL (GENERAL)
Est. value
$18.0M
OFFICE BUILDING
Est. value
$15.6M
RETAIL STORES
Est. value
$13.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
12.07 ac
Current owner
From public records · entity-resolved
KROGER CO
Individual
Free & Clear · 0 yrs held
Mailing address
320 W CENTRAL AVE, SPRINGBORO, OH 45066-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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