Property profile

1502 Kingsgate Rd Springfield, OH 45502

FOR SALE
Residential land & home lots
Property ID
US66-Q007136
28,314 SF
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1502 Kingsgate Rd, Springfield, OH 45502 For Sale
$75,000 28,314 SF
1502 Kingsgate Rd, Springfield, OH 45502
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Property summary

AI-generated overview

Build-to-Suit opportunity in Kingsgate Commons - Section 13A! Create your ideal home in this established, desirable neighborhood with the potential for a double lot when combined with neighboring parcel 1500 Kingsgate Rd. (Lot # 19430) Covenants and Restrictions apply (see attached document). Builder must be licensed with the City of Springfield, Ohio, and all plans require developer approval prior to construction. Lots are restricted to single-family residential use only. This parcel is Lot #19432 Minimum square footage requirements: one-floor plan—minimum 1,800 sq ft of ground floor living area (exclusive of open porches and garages); one-and-one-half floor plan—minimum 1,200 sq ft on the main level; two-floor plan—minimum 1,100 sq ft on the main level. A prime opportunity to design and build with confidence in a well-planned community.

Property profile

Verified
Property type Residential land & home lots
Total area 28,314 SF
UPID US66-Q007136

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1502 Kingsgate Rd Springfield, OH 45502
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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