Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1124 Winton Pl Springfield, OH 45503-3855

    • Garden apartment buildings
    • 10,440 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    9.9%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US66-2676587
    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

    • Garden apartment buildings

    Property Details for 1124 Winton Pl

    Year built
    2022
    Construction
    FRAME
    Lot size
    0.67 lot acres
    Property size
    10,440 SF
    Property type
    Garden apartment buildings
    APN
    340-07-00029-100-024
    APU
    3400700029100024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $510,000
      6.5%
      $470,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $769,000
      Market price range: $272k - $769k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $755,000
      Current use
      OFFICE BUILDING
      $965,000
      Change: +28% Conversion: Moderate
      MEDICAL BUILDING
      $795,000
      Change: +5% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $775,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $705,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: -13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.7972
    Latitude
    39.9373
    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
    $9,474
    $12,590
    $235,960
    $248,550
    -
    $35,960
    $674,180
    $710,140

    Comparable in this City

    • Value Estimation
      $745,000
      11,424 SF

      2550 Limestone St

      GARDEN APT, COURT APT (5+ UNITS) • 11,424 SF
      2550 Limestone St, Springfield, OH 45503-1196
      View Details
    • Value Estimation by Request
      10,422 SF

      Ridgewood E Rd

      GARDEN APT, COURT APT (5+ UNITS) • 10,422 SF
      Ridgewood E Rd, Springfield, OH 45503
      View Details
    • Value Estimation by Request
      2,720 SF

      1806 Limestone St

      GARDEN APT, COURT APT (5+ UNITS) • 2,720 SF
      1806 Limestone St, Springfield, OH 45503-2651
      View Details
    • Value Estimation
      $2,635,000
      53,673 SF

      337 Chestnut Ave

      GARDEN APT, COURT APT (5+ UNITS) • 53,673 SF
      337 Chestnut Ave, Springfield, OH 45503-4100
      View Details
    • Value Estimation by Request
      3,528 SF

      2529 Red Coach Dr, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 3,528 SF
      2529 Red Coach Dr, Springfield, OH 45503-1291
      View Details
    • Value Estimation by Request
      6,504 SF

      721 Sherman Ave, Unit 729

      GARDEN APT, COURT APT (5+ UNITS) • 6,504 SF
      721 Sherman Ave, Springfield, OH 45503-4135
      View Details

    Similar Nearby for Sale

    • $349,900

      Restaurant with Apartments and Licenses

      Turnkey restaurant with two apartments, liquor license, and equipment.
      229 N Belmont Ave, Springfield, OH 45503
      View Details
    • $735,000
      7.07 Acres

      Springfield Mobile Home Community

      24-site mobile home community with high occupancy and income potential.
      2730 E Main St, Springfield, OH 45503
      View Details
    • $105,000
      Pending

      Springfield Duplex with Rental Income

      Fully rented duplex in Springfield, Ohio, with month-to-month tenants.
      726 E Madison Ave, Springfield, OH 45503
      View Details
    • $139,900
      2,373 SF

      Solid Duplex on Corner Lot

      Duplex with parking lot, long-term tenant, and flexible main level.
      1223 Lagonda Ave, Springfield, OH 45503
      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
    • $208,000
      Pending

      Spacious Craftsman Duplex Investment Opportunity

      Updated duplex with craftsman details, ideal for real estate investment.
      469 E Cecil St, Springfield, OH 45503
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      18,731 SF

      Commercial Land for Lease

      Commercial property for lease, fenced on three sides.
      Larch St, Springfield, OH 45503
      View Details
    • Contact for pricing

      Retail Center Anchored by Kroger

      Retail center with Kroger, visibility, access, and ample parking.
      2953 Derr Rd, Springfield, OH 45503
      View Details
    • Contact for pricing

      Retail Center Suites Available

      Retail suites available in Springfield, anchored by Kroger.
      2953-2989 Derr Rd, Springfield, OH 45503
      View Details
    • $7 SF/Yr
      8,319 SF

      Retail Space Available For Lease

      Retail space available for lease in Springfield, OH.
      402-634 S Burnett Rd, Springfield, OH 45503
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease in Springfield, Ohio.
      2200 N Limestone St, Springfield, OH 45503
      View Details
    • Contact for pricing
      200 SF

      Retail Space in Springfield, OH

      Retail space available for lease in Springfield, Ohio.
      2214 N Limestone St, Springfield, OH 45503
      View Details
    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.
    1124 Winton Pl
    Springfield, OH 45503-3855
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!