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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Garden apartment buildings
1604 Yellow Spgs St 1610 Springfield, OH 45504-1710
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0167031
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Total area
12,488 SF
Lot
0.84 ac (36,417 SF)
APN
340-06-00006-406-007
UPID
US66-0167031
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
$820k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$867k
Blend (final)
Blend
$875k
Owner & transaction history
Cober Properties LLC · 5 yrs held
Cober Properties LLC
since 2021
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+54.4%
Medical building
$950,000
+40.3%
Auto repair, garage
$925,000
+37.2%
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
$935,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$675,000
Current use
OFFICE BUILDING
$1,045,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$950,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$925,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$715,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Jan 12 2021)
Last sale anchor
$875k
Jan 12 2021
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
$14,075
Tax year 2023
Assessed value
$177,310
Assessed 2023
Previous assessed
$177,310
+0.0% YoY
Effective rate
7.94%
On assessed value
Assessed land
$20,390
Assessed improvement
$156,920
Land market value
$58,270
Improvement market value
$448,330
Total market value
$506,600
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
1964
Heating
NONE
Buildings
2
Stories
2
Total area
12,488 SF
Lot
0.84 ac (36,417 SF)
APN
340-06-00006-406-007
UPID
US66-0167031
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$780,000
RETAIL STORES
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1964
Heating
NONE
Stories
2
Buildings
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Cober Properties LLC
Entity
Mailing address
114 12TH SCIOTO ST, URBANA, OH 43078-2126
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
$875,000
Cober Properties LLC
Club Properties LLC
Warranty Deed
$1,300,000 · Perpetual Fsb
May 11, 2016
—
Club Properties LLC
—
Deed
related
$324,580 · New Carlisle Fsb
Jan 22, 2007
$630,000
Club Properties LLC
Owens-jenks LLC
Warranty Deed
$504,000 · New Carlisle Fsb
—
—
Vernette Evilsizor
—
Deed Of Trust
related
$350,000 · Suntrust Bank NA
—
—
Club Properties LLC
—
Deed Of Trust
related
$324,580 · New Carlisle 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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