Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1503 Kingsgate Road Springfield, OH 45502

    View on Map
    Claim this Listing
    New
    For Sale
    $72,000

    LAND - Springfield, OH

    Lot size:
    0.41 Acres
    Added:
    May 5, 2026
    Days on Market:
    1
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 1503 Kingsgate Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3200300020112004
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2024

    We can help!

    Listing Contact
    Tami Holmes
    Tami Holmes

    Listing agent Tami Holmes

    Listing office Tami Holmes Realty 3390 Woodman Dr., Tipp City, OH

    Listing date May 5, 2026

    MLS# 1045435 Listing URL

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Kingsgate Commons

    This 0.41-acre residential land is located in Kingsgate Commons, Springfield, Ohio. It is suitable for building a home, with the option to purchase the adjacent lot to expand outdoor living space. The property has gas, electric, water, and sewer available. Building plans require developer approval. There is no HOA, but there are minimum square footage requirements: 1,800 square feet for a ranch, 1,200 square feet on the first floor of a 1.5-story, or 1,100 square feet on the first floor of a 2-story. Builders must be licensed with the City of Springfield.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.772948
    Latitude
    39.974725

    Nearby Similar for Sale

    • $950,000
      4,562 SF

      Springfield Car Wash Opportunity

      Longest running car wash in Springfield with redevelopment potential.
      927 W Columbia Street, Springfield, OH 45504
      View Details
    • $314,900
      2,886 SF

      Well-Maintained Duplex in Clark Shawnee

      Spacious duplex in a desirable school district, great investment.
      2076-2078 Stowe Drive, Springfield, OH 45505
      View Details
    • $1,179,000
      10,860 SF

      Dollar General on 6.12 Acres

      10,860 SF Dollar General on 6.12 acres for sale.
      3822 Springfield Xenia Road, Springfield, OH 45506
      View Details
    • $735,000

      Springfield Mobile Home Community

      24-site mobile home community with high occupancy and income potential.
      2730 E Main Street, Springfield, OH 45503
      View Details
    • $675,000
      8,000 SF

      Modern Commercial Building in Springfield

      8,000 SF commercial building suitable for various uses.
      801 Selma Road, Springfield, OH 45505
      View Details
    • $154,900
      2,880 SF

      Renovated Commercial Building in Springfield

      Completely renovated commercial building with original charm and character.
      501 York Street, Springfield, OH 45505
      View Details
    • $335,000
      4,236 SF

      Historic Triplex with Restored Details

      Restored triplex featuring original hardwood floors and classic architectural details.
      250 S Douglas Avenue, Springfield, OH 45505
      View Details
    • $185,000
      2,112 SF

      Well-Maintained Duplex Investment Opportunity

      Solid investment with updates, private entrances, and tenant appeal.
      263 N Isabella Street, Springfield, OH 45504
      View Details
    • $168,000
      1,378 SF

      Springfield Duplex Investment Opportunity

      Two-unit property near amenities and highway access in Springfield, OH.
      1866 Maiden Lane, Springfield, OH 45504
      View Details
    • $129,900
      2,373 SF

      Value-Add Multifamily Opportunity

      Two-parcel property with income potential in Springfield, OH.
      1223 Lagonda Avenue, Springfield, OH 45503
      View Details
    • $144,900
      2,546 SF

      Well-Maintained Four-Unit Multifamily Property

      Four-unit multifamily property near downtown Springfield, Ohio.
      707 W High Street, Springfield, OH 45506
      View Details
    • $55,000
      1,867 SF

      Victorian Duplex in Established Neighborhood

      Spacious duplex with renovation potential in Springfield, Ohio.
      727 W High Street, Springfield, OH 45506
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale, build your dream home!
    Where is this residential land & home lot located?
    The property is located at 1503 Kingsgate Road Springfield, OH.
    What is the asking price?
    The asking price for this property is $72,000.
    What are key features of this property?
    This property features: Build your dream home and choose your own builder.; Utilities available: Gas, electric, water, and sewer.; Located in the desirable Kingsgate Commons.
    (937) 506-8360
    We can help!
    Listing Contact
    Tami Holmes
    Tami Holmes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1503 Kingsgate Road, Springfield, OH 45502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!