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    Property profile & analytics

    1941 Commerce Cir Springfield, OH 45504-2011

    • Manufacturing properties
    • 20,627 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $3,865,000
    Last Sale
    May 20, 2020
    $4,000,000
    Location Intelligence
    Property ID
    US66-2028388
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • E Ps Corporation Reiter Dairy / Dairy Farm

    Property Details for 1941 Commerce Cir

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    0.86 lot acres
    Property size
    20,627 SF
    Property type
    Manufacturing properties
    APN
    340-06-00011-203-006
    APU
    3400600011203006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,585,000
      6.5%
      $3,705,000
      7%
      $4,180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,015,000
      Geo Method
      $4,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,470,000
      Retail
      $4,875,000
      Mixed-Use
      $4,925,000
      Hospitality
      $4,035,000
      Educational
      $4,280,000
      Residential Income
      $3,650,000
      Energy
      $4,270,000
      Income-Based Land
      $4,315,000
      Food Service
      $4,755,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8421
    Latitude
    39.9361
    CBSA code
    44220
    CBSA name
    SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $13,110
    $254,550
    $267,660
    -
    $37,460
    $727,290
    $764,750

    Comparable in this City

    • Value Estimation by Request
      13,300 SF

      1805 Commerce Rd

      MANUFACTURING (LIGHT) • 13,300 SF
      1805 Commerce Rd, Springfield, OH 45504-2019
      View Details
    • Value Estimation by Request
      2,842 SF

      1101 Main St

      MANUFACTURING (LIGHT) • 2,842 SF
      1101 Main St, Springfield, OH 45504-2811
      View Details
    • Value Estimation by Request
      18,792 SF

      18 Bechtle Ave

      MANUFACTURING (LIGHT) • 18,792 SF
      18 Bechtle Ave, Springfield, OH 45504-2841
      View Details
    • Value Estimation
      $980,000
      222,810 SF

      2975 Saint Paris Pike

      FOUNDRY, INDUSTRIAL PLANT • 222,810 SF
      2975 Saint Paris Pike, Springfield, OH 45504-4627
      View Details
    • Value Estimation
      $570,000
      15,405 SF

      508 Main St

      FOOD PROCESSING • 15,405 SF
      508 Main St, Springfield, OH 45504-2662
      View Details
    • Value Estimation
      $595,000
      40,018 SF

      3988 Lawrenceville Dr

      MANUFACTURING (LIGHT) • 40,018 SF
      3988 Lawrenceville Dr, Springfield, OH 45504-4458
      View Details

    Similar Nearby for Sale

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      Industrial Building with Expansion Land

      High-quality industrial building suitable for manufacturing and warehouse use.
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    Similar Nearby for Lease

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      Prime Springfield retail space, 10,500 sq ft available.
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    • Contact for pricing
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      1,931 SF retail space in a high-traffic area.
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    • $22 SF/Yr
      1,440 SF

      Retail Space Available For Lease

      Retail space available for lease in Springfield, OH.
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    • Contact for pricing
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      Retail Space Near Major Retailers

      Retail spaces available near major retailers and a hospital.
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    • $24 SF/Yr
      19,727 SF

      Prime Restaurant Space, Las Vegas

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      View Details
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    1941 Commerce Cir
    Springfield, OH 45504-2011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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