202 Belmont Ave Springfield, OH 45505
Property profile & analytics
202 Belmont Ave Springfield, OH 45505
- Medical Office Space
- 2,920 SF
- 0.23 lot acres
Property ID
US66-0202236
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.
Location Intelligence
Current Use by Public Records
- Wehrley Darby w DPM / Physician
- Just Relax Massage / Alternative Medicine Practice / Spa & Massage Center
- Beth's City Salon / Hair Salon
Property Details for 202 Belmont Ave
- Year built
- 1955
- Construction
- BRICK
- Lot size
- 0.23 lot acres
- Property size
- 2,920 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 340-07-00022-101-009
- APU
- 3400700022101009
Description
This versatile 4,380 square foot mixed-use property at 202 S Belmont Avenue, Springfield, OH, presents a compelling investment opportunity. Currently generating $3,000 monthly income from seven full-time ($100/week) and one part-time ($50/week) leased salon booths on month-to-month agreements, this brick ranch offers significant upside potential. The building, featuring a full basement, was originally designed as two separate office spaces and could be easily converted back to this configuration. A large parking lot provides ample parking for tenants and customers. Recent upgrades include a new roof (2023), updated heating and cooling systems (2021), and a recently resealed parking lot ($37,500 investment in 2024). The property has also undergone cosmetic remodeling. An adjacent 0.23-acre commercially zoned lot is available for an additional $30,000, allowing for expansion possibilities ranging from additional office space to a four-unit apartment building. This property offers a blend of immediate income and future development potential, making it an attractive investment in a thriving Springfield location. The asking price for this turnkey operation is $350,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.7796
- Latitude
- 39.9212
- 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
$2,741
$6,930
$30,850
$37,780
-
$19,800
$88,130
$107,930
