| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 40th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 N Pioneer Blvd, Springboro, OH, 45066, US |
| Region / Metro | Springboro |
| Year of Construction | 1991 |
| Units | 40 |
| Transaction Date | 1990-09-28 |
| Transaction Price | $70,000 |
| Buyer | SPRINGBORO SHERMAN LP |
| Seller | SPRINGBORO COMMONS RETIREMENT VILLA INC |
20 N Pioneer Blvd, Springboro Multifamily Investment
Neighborhood occupancy trends sit above national medians and renter demand appears durable, according to WDSuite’s CRE market data. Expect steady leasing fundamentals supported by a balanced tenant base and inner-suburban location.
Situated in Springboro within the Cincinnati metro, the neighborhood is rated A- and ranks 146 out of 611 metro neighborhoods—competitive and within the top quartile locally. As an inner suburb, it benefits from access to daily needs alongside suburban stability that supports resident retention and consistent leasing.
Amenity access is a relative strength: grocery and pharmacy availability rank in the upper tiers among metro peers, with restaurants also well represented. Caf e9 density trends above national medians, while childcare options are thinner; investors should plan for resident convenience strategies to offset limited on-the-doorstep childcare.
School quality signals are mixed. By metro rank, the neighborhood sits in the upper tier (144 of 611), yet the average rating is closer to the national middle. For investors, this suggests appeal to a broad renter mix rather than a pure “top-schools” positioning.
Renter-occupied share at the neighborhood level is elevated (higher than most neighborhoods nationally), indicating a deep local tenant base. Within a 3-mile radius, the market skews more owner-occupied, which can support stability while moderating turnover. Occupancy in the neighborhood is above national median levels, contributing to leasing consistency and manageable exposure to vacancy. These dynamics align with a cautious, data-driven commercial real estate analysis of demand depth and rentability.
Demographic statistics within a 3-mile radius show modest population growth historically and an expected increase in households over the next five years. A gradually expanding renter pool should help support occupancy stability and absorption, with incomes trending upward to underpin rent collections and renewal potential.
Safety benchmarking is an important diligence step for investors. Current neighborhood-level crime ranks or national percentiles are not available in WDSuite for this location, so investors typically corroborate safety trends using multiple third-party sources and local comparables to understand trajectory relative to the Cincinnati metro.
The area draws from a diversified employer base within commutable distance, supporting workforce housing demand and resident retention. Key nearby employers include Anthem, AK Steel, Humana Pharmacy Solutions, Duke Energy, and Cincinnati Financial.
- Anthem Inc Mason Campus II — healthcare services (17.7 miles)
- AK Steel Holding — steel manufacturing (18.7 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (20.0 miles)
- Duke Energy — utilities (21.8 miles)
- Cincinnati Financial — insurance (22.7 miles) — HQ
This 40-unit asset in Springboro sits in a neighborhood that ranks in the top quartile among 611 Cincinnati metro neighborhoods, with amenity access and above-median occupancy supporting leasing stability. The local renter-occupied share is high relative to national norms, indicating depth of demand, while the broader 3-mile area’s owner-heavy profile can temper churn and support renewal capture.
Within a 3-mile radius, modest population growth and a projected increase in households point to a gradually expanding tenant base. Mid-market home values in the area suggest potential competition from ownership, yet rent-to-income levels are manageable, which can aid retention. According to CRE market data from WDSuite, neighborhood occupancy and amenity access compare favorably to many peers, positioning the property for steady performance with prudent expense control and targeted upgrades as needed.
- Top-quartile neighborhood rank in the Cincinnati metro supports competitive positioning
- Above-median occupancy and strong renter concentration signal demand depth
- 3-mile demographics indicate population and household growth, supporting absorption
- Amenity access (grocery, pharmacy, restaurants) underpins daily convenience and retention
- Risk: owner-friendly housing costs can compete with rentals; focus on resident experience and renewals