Property profile

Central Ave Springboro, OH 45066

OFF-MARKET
Commercial land
Property ID
US66-1015673
0.38 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a vacant tract of approximately 12 acres located in Springboro, Ohio. It is zoned HBD (Highway Business) and ED (Employment Center), which provides for a variety of potential commercial and related uses. The site is positioned near Interstate 75 and surrounding commercial development, including retail and dining establishments, a convenience store, a grocery store, a hospital, and nearby residential uses. The layout includes a planned front easement of 50 feet and a 50-foot easement extending to the additional acreage behind the Sheetz convenience store, with access and use influenced by these easement areas. The land has been identified as potentially suitable for hotel development, and a traffic signal has been planned on Route 73 near either Tahlequah Trail or Hiawatha Trail to improve area traffic flow.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.38 ac (16,588 SF)
APN 04-20-600-010-0
UPID US66-1015673

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Central Ave Springboro, OH 45066
Springboro metro CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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