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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Commercial real estate
20 Richards Run Springboro, OH 45066-8003
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2308516
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
BRICK
Total area
6,840 SF
Lot
1.2 ac (52,098 SF)
APN
04-07-176-014-0
UPID
US66-2308516
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
Current use
Occupant on record · Public records
-
Imagination Crossing Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Fip Master Funding I LLC · 3 yrs held
Fip Master Funding I LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+151.8%
Auto repair, garage
$1.7M
+84.5%
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 Springboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springboro 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
$2,280,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,260,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,655,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.53M (Apr 5 2023)
Last sale anchor
$2.53M
Apr 5 2023
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
$352 / 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
$40,747
Tax year 2023
Assessed value
$827,106
Assessed 2023
Previous assessed
$827,106
+0.0% YoY
Effective rate
4.93%
On assessed value
Assessed land
$59,276
Assessed improvement
$767,830
Land market value
$169,360
Improvement market value
$2,193,800
Total market value
$2,363,160
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
6,840 SF
Lot
1.2 ac (52,098 SF)
APN
04-07-176-014-0
UPID
US66-2308516
Jurisdiction
WARREN
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
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Fip Master Funding I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
20 S RICHARDS RUN, SPRINGBORO, OH 45066-8003
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
—
Master Funding Viii LLC
—
Deed
related
—
Apr 5, 2023
$2,533,668
Fip Master Funding I LLC
Fip Master Funding Viii LLC
Limited Warranty Deed
—
Apr 5, 2023
—
Fip Master Funding I LLC
Fip Master Funding Viii LLC
Assignment Of Lease (leasehold Sale)
—
Jun 17, 2022
—
Early Bird Master Tenant LLC
Fip Master Funding Viii LLC
Lease
—
Jun 17, 2022
$2,563,043
Fip Master Funding Viii LLC
Ic Springboro Property LLC
Limited Warranty Deed
$100,000 · Citibank NA
Feb 24, 2022
$925,000
Ic Springboro Property LLC
Tvb Enterprises LLC
Limited Warranty Deed
$740,000 · New Carlisle Federal Savings Bank
Dec 27, 2006
$144,000
Tvb Enterprises LLC
Richards Run Business Park LLC
Warranty Deed
$408,487 · National City Bank
—
—
Tvb Ents LLC
—
Deed Of Trust
related
$102,122 · National City Bank
—
—
Tvb Ents LLC
—
Deed Of Trust
related
$420,000 · Citywide Small Business Dev
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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