Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Garden apartment buildings
1920 High St Springfield, OH 45505-1200
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2344093
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1945
Construction
BRICK
Total area
9,322 SF
Lot
0.45 ac (19,733 SF)
APN
340-07-00028-201-032
UPID
US66-2344093
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
$655k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Premier Property Rentals Ltd · 8 yrs held
Premier Property Rentals Ltd
since 2018
Last sale
$779,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+61.3%
Medical building
$710,000
+46.6%
Auto repair, garage
$690,000
+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
$620,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$455,000
6.5%
$420,000
7%
$390,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$485,000
Current use
OFFICE BUILDING
$780,000
Change: +61% · Conversion: Moderate
MEDICAL BUILDING
$710,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: +21% · Conversion: Moderate
RETAIL STORES
$550,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $779k (Mar 28 2025)
Last sale anchor
$779k
Mar 28 2025
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
$64 / 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
$3,995
Tax year 2023
Assessed value
$55,050
Assessed 2023
Previous assessed
$55,050
+0.0% YoY
Effective rate
7.26%
On assessed value
Assessed land
$13,820
Assessed improvement
$41,230
Land market value
$39,480
Improvement market value
$117,790
Total market value
$157,270
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
1945
Construction
BRICK
Heating
NONE
Stories
2
Units
12
Total area
9,322 SF
Lot
0.45 ac (19,733 SF)
APN
340-07-00028-201-032
UPID
US66-2344093
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
$485,000
OFFICE BUILDING
Est. value
$780,000
MEDICAL BUILDING
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES
Est. value
$550,000
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
1945
Construction
BRICK
Heating
NONE
Stories
2
Units
12
Lot
0.45 ac
Current owner
From public records · entity-resolved
Premier Property Rentals Ltd
Entity
Mailing address
PO BOX 331, SOUTH VIENNA, OH 45369-0331
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$165,000
Premier Property Rentals Ltd
Callan,james E & Sandra J
Warranty Deed
—
—
—
James E Callan
—
Deed Of Trust
related
$577,000 · Home City Fsb
—
—
Premier Property Rentals Ltd
—
Deed Of Trust
related
$240,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1920 High St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
