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Property profile & analytics
OFF-MARKET
Estimated value
$11,230,000
Office Spaces
740 Main St Springboro, OH 45066-8944
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1306737
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
BRICK
Total area
70,217 SF
Lot
12.4 ac (540,231 SF)
APN
04-09-371-046-0
UPID
US66-1306737
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
-
Huntington Mortgage Group Loan Service Bank
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Dorothy Lane Marketplace Springboro Grocery & Convenience Store Food Market
-
Dorothy Lane Market Specialty Food Shop
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.65M
Comparable Approach
Comparable
$11.76M
Blend (final)
Blend
$11.23M
Owner & transaction history
Mcs Land Development LLC · 5 yrs held
Mcs Land Development LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.0M
+84.5%
Industrial (general)
$14.0M
+51.6%
Office building
$12.1M
+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%
$14,790,000
6.5%
$13,650,000
7%
$12,675,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,215,000
Current use
AUTO REPAIR, GARAGE
$17,005,000
Change: +85% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,975,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$12,135,000
Change: +32% · Conversion: Easy
RETAIL STORES
$10,110,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$11.23M
Range $10.11M – $12.35M · ±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
$160 / 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
$148,377
Tax year 2023
Assessed value
$2,890,500
Assessed 2023
Previous assessed
$2,890,500
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$1,232,830
Assessed improvement
$1,657,670
Land market value
$3,522,370
Improvement market value
$4,736,200
Total market value
$8,258,570
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
70,217 SF
Lot
12.4 ac (540,231 SF)
APN
04-09-371-046-0
UPID
US66-1306737
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
$9.2M
AUTO REPAIR, GARAGE
Est. value
$17.0M
INDUSTRIAL (GENERAL)
Est. value
$14.0M
OFFICE BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$10.1M
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
2002
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
12.4 ac
Current owner
From public records · entity-resolved
Mcs Land Development LLC
Entity
Mailing address
6135 FAR HLS AVE, DAYTON, OH 45459-1925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 18, 2020
—
Mcs Land Development LLC
—
Deed
related
$25,000 · Ohio National Life Insurance
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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