Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5143 S Pitchin Rd Springfield, OH 45502

    Sponsored
    Picture of Residential land & home lots at S Pitchin Rd 5143, Springfield, OH
    For Sale
    $130,000

    LAND - Springfield, OH

    Lot size:
    5.65 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 1 at 2:06 am

    Property Features for 5143 S Pitchin Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0801200017100033
    Lot size
    5.65 Acres

    We can help!

    Listing Contact
    Lisa Sayers

    Real Estate II, Inc. (937) 390-3119

    Listing agent Lisa Sayers (937) 390-3119

    Listing date Jan 29, 2026

    MLS# 1043542

    Copyright © 2026 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Lot in Springfield, OH

    This is a country property offering both privacy and convenience. The rectangular lot measures 305 feet by 815 feet and is nicely wooded, suitable for building. The location provides a rural feel while being minutes from Interstate 70, facilitating commuting. It is situated within the Southeastern School District and is near Locust Hills and Reid Park golf courses. This property presents an opportunity for building in a country setting with convenient access to amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.76307
    Latitude
    39.846681

    Nearby Similar for Sale

    • New
      $335,000
      4,236 SF

      Restored Historic Springfield Triplex

      Triplex with restored original details and modern updates.
      250 S Douglas Ave, Springfield, OH 45505
      View Details
    • $324,900
      2,886 SF

      Well-Maintained Duplex in Clark Shawnee

      Rare duplex in a quiet cul-de-sac with investment appeal.
      2076 Stowe Dr, Springfield, OH 45505
      View Details
    • $124,900
      Pending

      Springfield Duplex with Rental Potential

      Partially remodeled duplex with rental income potential in Springfield, OH.
      1202 Clifton Ave, Springfield, OH 45505
      View Details
    • $154,900
      2,880 SF

      Renovated Commercial Building in Springfield

      Completely renovated commercial building with original charm, ready for business.
      501 York St, Springfield, OH 45505
      View Details
    • $175,000
      2,166 SF

      Salon and Spa Investment Opportunity

      Thriving salon and spa with potential for diverse commercial ventures.
      1652 N Limestone St, Springfield, OH 45503
      View Details
    • $199,900
      Pending

      Well-Maintained Springfield Duplex For Sale

      Duplex with two 3-bedroom units, ideal for investors/owner-occupants.
      2424-2426 E High St, Springfield, OH 45505
      View Details
    • $690,000
      6,468 SF

      Renovated Duplex - Self-Care Beauty Multi-Plex

      Newly renovated duplex transformed into a self-care beauty multi-plex.
      1701 Lexington Ave, Springfield, OH 45505
      View Details
    • $690,000
      6,468 SF

      Renovated Springfield Duplex: Beauty Multi-Plex

      Newly renovated duplex in Springfield, OH, as a self-care beauty multi-plex.
      1701 Lexington Ave, Springfield, OH 45505
      View Details
    • $200,000
      2,862 SF

      Updated Duplex Investment Opportunity

      Updated duplex with two units, great income potential, tenant occupied.
      836-838 Rodgers Dr, Springfield, OH 45503
      View Details
    • $104,900
      1,328 SF

      Springfield Commercial Opportunity

      Commercial property in Springfield, Ohio, suitable for various uses.
      1901 Mechanicsburg Rd, Springfield, OH 45503
      View Details
    • New
      $185,000
      1,700 SF

      Eastside Beauty Salon Opportunity

      Turnkey salon with income-generating apartment in Springfield, Ohio.
      1225 Beacon St, Springfield, OH 45505
      View Details
    • $250,000
      2,100 SF

      Veterinary Office or Adaptable Space

      Meticulously maintained veterinary office adaptable for various professional uses.
      1426 Mitchell Blvd, Springfield, OH 45503
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.65 acre wooded lot, ready for building near I-70.
    Where is this residential land & home lot located?
    The property is located at 5143 S Pitchin Rd Springfield, OH.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Large rectangular lot (305' x 815') ready for building.; - Convenient location: Minutes from Interstate 70 for easy commuting.; - Peaceful, wooded country setting offering privacy.
    (937) 390-3119
    Request Owner's contact information
    5143 S Pitchin Rd Springfield, OH 45502
    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.
    5143 S Pitchin Rd
    Springfield, OH 45502
    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
    5143 S Pitchin Rd Springfield, OH 45502
    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

    We can help!
    Listing Contact
    Lisa Sayers
    (937) 390-3119
    Learn more
    Google sign-in failed. Please try again or use another login method.