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    1401 5Th St Springfield, IL 62703

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Hiso Music / Advertising Agency / Recording Studio

    Property Details for 1401 5Th St

    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6501
    Latitude
    39.7859

    Comparable in this City

    • Value Estimation by Request

      2713 Stevenson Dr

      Distribution properties
      2713 Stevenson Dr, Springfield, IL 62703
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    • Value Estimation by Request

      Streets Dirksen Business Park

      Distribution properties
      Streets Dirksen Business Park, Springfield, IL 62703
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    • Value Estimation by Request

      100 Martin Luther King Jr Dr

      Distribution properties
      100 Martin Luther King Jr Dr, Springfield, IL 62703
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    • Value Estimation by Request

      6th St Frontage St

      Specialty properties
      6th St Frontage St, Springfield, IL 62703
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    • Value Estimation by Request
      0.56 Acres

      1420-1430 6Th St

      Land • 0.56 Acres
      1420-1430 6Th St, Springfield, IL 62703
      View Details
    • Value Estimation by Request

      1439 Stevenson Dr

      Land
      1439 Stevenson Dr, Springfield, IL 62703
      View Details

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Springfield Retail Space Available

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      Springfield Industrial Warehouse For Lease

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      Suite C - Shops on Stevenson

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      Downtown Springfield Office Space

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      Prime Commercial Land Stevenson Drive

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    1401 5Th St
    Springfield, IL 62703
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    Realmo Value Estimation

    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.

    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.

    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
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