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    3500 National Rd Springfield, OH 45504

    • Office Properties & Spaces
    • 2.56 lot acres
    For Sale
    View listing
    $795,000
    Value Estimation
    Last Sale
    Sep 05, 2023
    $400,000
    Location Intelligence
    Property ID
    US66-2514800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3500 National Rd

    Lot size
    2.56 lot acres
    Zone code
    A
    Property type
    Office Properties & Spaces
    APN
    300-06-00016-100-005
    APU
    3000600016100005

    Description

    This exceptional special-purpose property, located at 3500 W National Road in Springfield, Ohio, presents a unique investment opportunity. The property encompasses two buildings totaling approximately 45,000 square feet on two separate parcels, situated on a generous 8-acre lot (348,480 sq ft). The asking price is $795,000, translating to $17.67 per square foot. Currently vacant, this property offers significant redevelopment potential. Built in 1922 and fully restored, the buildings boast beautiful historical architecture and numerous recent upgrades, including new windows. The property's high visibility on a main highway provides excellent accessibility, with convenient proximity to downtown Springfield and freeway access. Its ample parking and expansive lot size make it ideal for a variety of uses, including a charter school, church, daycare center, or charitable organization. The property's size, location, and historical charm combine to create a compelling investment opportunity with substantial upside. The property is zoned for commercial use. The property is currently vacant and ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $485,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $475,000
      Mixed-Use
      $405,000
      Hospitality
      $460,000
      Educational
      $415,000
      Residential Income
      $385,000
      Energy
      $420,000
      Income-Based Land
      $480,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8743
    Latitude
    39.9268
    CBSA code
    44220
    CBSA name
    SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $20,830
    $10,890
    $31,720
    -
    $59,500
    $31,120
    $90,620

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      1,780 SF

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    3500 National Rd
    Springfield, OH 45504
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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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