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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Garden apartment buildings
1803 Belmont Ave 1829 Springfield, OH 45505-4343
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0602573
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Total area
9,048 SF
Lot
1.46 ac (63,554 SF)
APN
340-07-00027-215-019
UPID
US66-0602573
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
$345k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$530k
Owner & transaction history
Premier Property Rentals Sweetbriar · 2 yrs held
Premier Property Rentals Sweetbriar
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$755,000
+61.3%
Medical building
$685,000
+46.6%
Auto repair, garage
$670,000
+43.4%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$470,000
Current use
OFFICE BUILDING
$755,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$685,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$670,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$535,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$59 / 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
Assessed value
$212,370
Assessed 2023
Previous assessed
$212,370
+0.0% YoY
Assessed land
$44,480
Assessed improvement
$167,890
Land market value
$127,090
Improvement market value
$479,680
Total market value
$606,770
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
1951
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
12
Rooms
4
Bathrooms
1
Total area
9,048 SF
Lot
1.46 ac (63,554 SF)
APN
340-07-00027-215-019
UPID
US66-0602573
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
$470,000
OFFICE BUILDING
Est. value
$755,000
MEDICAL BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$565,000
RETAIL STORES
Est. value
$535,000
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
1951
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
12
Rooms
4
Bathrooms
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Premier Property Rentals Sweetbriar
Entity
Mailing address
PO BOX 331, SOUTH VIENNA, OH 45369-0331
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$2,350,000
Premier Property Rentals Sweetbriar
Hunter Sweetbriar LLC
Limited Warranty Deed
—
Dec 14, 2021
—
Hunter Sweetbriar LLC
—
Deed
related
$1,799,000 · Orix Real Estate Capital LLC
Jan 5, 2021
$2,250,000
Hunter Sweetbriar LLC
Orep Ohio Sweetbriar LLC
Grant Deed
$1,800,000 · General Electric Cu
Aug 2, 2018
—
Orep Ohio Sweetbriar LLC
—
Grant Deed
related
$1,500,000 · Hunt Mtg Ptrs LLC
Apr 12, 2017
—
Orep Ohio Sweetbriar LLC
—
Deed
related
$80,737 · Horizons Asset Management LLC
Aug 16, 2010
—
Orep Ohio Sweetbriar LLC
Greene,phyllis W
Grant Deed
related
—
Oct 8, 2008
$1,078,100
Orep Ohio Sweetbriar LLC
Greene,phyllis W
Warranty Deed
$844,000 · Phyllis W Greene
—
—
Orep Ohio Sweetbriar LLC
—
Deed Of Trust
related
$61,235 · Springfield City (oh)
—
—
Orep Ohio Sweetbriar LLC
—
Deed Of Trust
related
$250,000 · Douglas B Twillman
—
—
Orep Ohio Sweetbriar LLC
—
Deed Of Trust
related
$80,737 · Horizons Asset Management LLC
—
—
Orep Ohio Sweetbriar LLC
—
Deed Of Trust
related
$61,160 · Springfield City (oh)
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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