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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Garden apartment buildings
1311-1315 Vester Ave, Springfield, OH 45503
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1436028
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
BRICK
Total area
21,276 SF
Lot
0.97 ac (42,253 SF)
APN
340-03-00025-201-001
UPID
US66-1436028
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$730k
Owner & transaction history
Northland Apts LLC · 6 yrs held
Northland Apts LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
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
$34 / 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
$11,138
Tax year 2023
Assessed value
$153,500
Assessed 2023
Previous assessed
$153,500
+0.0% YoY
Effective rate
7.26%
On assessed value
Assessed land
$29,580
Assessed improvement
$123,920
Land market value
$84,510
Improvement market value
$354,070
Total market value
$438,580
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
NONE
Stories
2
Units
24
Total area
21,276 SF
Lot
0.97 ac (42,253 SF)
APN
340-03-00025-201-001
UPID
US66-1436028
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
Building & site characteristics
From public records
Year built
1972
Construction
BRICK
Heating
NONE
Stories
2
Units
24
Lot
0.97 ac
Current owner
From public records · entity-resolved
Northland Apts LLC
Entity
Mailing address
2135 TROY RD, SPRINGFIELD, OH 45504-4227
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Northland Apts LLC
Springfield Portfolio Realty LLC
Warranty Deed
$2,144,100 · Hunt Mortgage Capital LLC
Dec 19, 2019
—
Springfield Ohio Apts LLC
Northland Apts LLC
Grant Deed
—
Nov 1, 2018
—
Northland Apts LLC
Jbd Springfield LLC
Grant Deed
$1,056,000 · Perpetual Fsb
Sep 30, 2016
—
Jbd Springfield LLC
Northland Plaza Apartments LLC
Grant Deed
$960,000 · Midusa Cu
Nov 1, 2013
$768,000
Northland Plaza Apartments LLC
Northland Plaza Co
Warranty Deed
related
$614,400 · Perpetual Fsb
—
—
Northland Plaza Apartments LLC
—
Deed Of Trust
related
$728,000 · Perpetual Fsb
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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