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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Manufacturing properties
1958 Baker Rd Springfield, OH 45504
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1315397
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
CONCRETE BLOCKS
Total area
218,774 SF
Lot
7.39 ac (321,908 SF)
Zoning code
M-2
APN
050-02-00008-400-019
UPID
US66-1315397
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
$5.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Mb Sheth Ohio LLC · 5 yrs held
Mb Sheth Ohio LLC
since 2021
Last sale
$6.2M
6 recorded transactions
Zoning & alternative use
M-2 · Springfield, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,600,000
ML approach
$5,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,355,000
Current use
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.17M (Jul 26 2021)
Last sale anchor
$6.17M
Jul 26 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
$28 / 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
$2,158,490
Assessed 2023
Previous assessed
$2,158,490
+0.0% YoY
Assessed land
$23,840
Assessed improvement
$2,134,650
Land market value
$68,100
Improvement market value
$6,099,000
Total market value
$6,167,100
Applied tax rate
50.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
218,774 SF
Lot
7.39 ac (321,908 SF)
Zoning code
M-2
APN
050-02-00008-400-019
UPID
US66-1315397
Jurisdiction
CLARK
Zoning & alternative use
M-2 · Springfield, OHZoning M-2 · permitted uses
M-2 · Springfield, OH
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
INDUSTRIAL (GENERAL) Current
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
1989
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
7.39 ac
Current owner
From public records · entity-resolved
Mb Sheth Ohio LLC
Entity
Mailing address
3100 UPPR VLY PIKE, SPRINGFIELD, OH 45504-4518
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Mb Sheth Ohio LLC
—
Deed
related
$45,545,750 · Royal Bank Of Canada
Jul 26, 2021
$6,167,100
Mb Sheth Ohio LLC
Icp Springfield Upper Valley LLC
Limited Warranty Deed
$8,400,000 · Bmo Harris Bank NA
Jul 26, 2021
$50,000
Mg Springfield Realty LLC
Icp Springfield Upper Valley LLC
Limited Warranty Deed
—
Oct 13, 2020
$1,600,000
Holdings Springfield Upper Vly
Tech II INC
Grant Deed
related
$1,420,000 · Heartland Bk
Jan 9, 2012
—
Tech II INC
—
Deed Of Trust
related
$1,781,250 · Director Of Dev Of The St/oh
Nov 4, 2011
$2,375,000
Tech II INC
Rittal Corp
Grant Deed
—
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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