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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Retail space
1241 Columbia St Springfield, OH 45504-2847
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1859674
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
CONCRETE BLOCKS
Total area
15,020 SF
Lot
1.04 ac (45,302 SF)
APN
340-06-00005-328-007
UPID
US66-1859674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
NAPA Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$1.05M
Owner & transaction history
Lilp Holdings LLC · 6 yrs held
Lilp Holdings LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+46.1%
Medical building
$1.1M
+32.8%
Auto repair, garage
$1.1M
+29.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,015,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
RETAIL STORES
$860,000
Current use
OFFICE BUILDING
$1,255,000
Change: +46% · Conversion: Easy
MEDICAL BUILDING
$1,140,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,115,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.03M (Jan 8 2020)
Last sale anchor
$1.03M
Jan 8 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,243
Tax year 2023
Assessed value
$210,070
Assessed 2023
Previous assessed
$210,070
+0.0% YoY
Effective rate
7.26%
On assessed value
Assessed land
$39,640
Assessed improvement
$170,430
Land market value
$113,260
Improvement market value
$486,930
Total market value
$600,190
Applied tax rate
340.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
15,020 SF
Lot
1.04 ac (45,302 SF)
APN
340-06-00005-328-007
UPID
US66-1859674
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$860,000
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Lilp Holdings LLC
Entity
Mailing address
1244 GREENBRIAR LN, SOMERVILLE, OH 45064-9652
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
Lilp Holdings LLC
—
Deed
related
$758,000 · Hcdc INC
Jan 8, 2020
$1,028,600
Lilp Holdings LLC
Spider Holdings Ltd
Deed
$912,606 · Republic Bank & Trust Co
Apr 23, 2013
—
Spider Holdings Ltd
—
Grant Deed
related
$2,500,000 · Fairfield National
Sep 18, 2008
—
Spider Holdings Ltd
—
Grant Deed
related
$4,760,000 · First Bank
—
—
Spider Holdings Ltd
—
Deed Of Trust
related
$316,000 · Fairfield National
—
—
Lilp Holdings LLC
—
Deed Of Trust
related
$912,606 · Republic Bk&tr
—
—
Lilp Holdings LLC
—
Deed Of Trust
related
$758,000 · Hcdc INC
—
—
Spider Holdings Ltd
—
Deed Of Trust
related
$4,760,000 · First Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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