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Property profile & analytics
FOR SALE
Garden apartment buildings
204 W Johnny Lytle Ave Springfield, OH 45506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1134422
For Sale
$144,500
204 W Johnny Lytle Ave, Springfield, OH 45506
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1919
Construction
FRAME
Total area
3,080 SF
Lot
0.15 ac (6,336 SF)
APN
340-07-00034-326-019
UPID
US66-1134422
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Life Property Solutions Ltd · 4 yrs held
New Life Property Solutions Ltd
since 2021
Last sale
$57,000
4 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,016
Tax year 2023
Assessed value
$25,850
Assessed 2023
Previous assessed
$25,850
+0.0% YoY
Effective rate
46.48%
On assessed value
Assessed land
$1,320
Assessed improvement
$24,530
Land market value
$3,780
Improvement market value
$70,090
Total market value
$73,870
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
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
For Sale
Year built
1919
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
3,080 SF
Lot
0.15 ac (6,336 SF)
APN
340-07-00034-326-019
UPID
US66-1134422
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
Building & site characteristics
From public records
Year built
1919
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Rooms
12
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
New Life Property Solutions Ltd
Entity
Mailing address
1509 BLATT BLVD STE #2201, GAHANNA, OH 43230-6925
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
New Life Property Solutions Ltd
—
Deed
related
$1,095,000 · Mcnb Bank And Trust Co
Sep 14, 2021
$57,000
New Life Property Solutions Ltd
Douglas J Hinderer
Warranty Deed
—
Jul 21, 2020
$15,000
Douglas J Hinderer
David G Hinderer
Quit Claim Deed
related
—
Nov 21, 2003
$30,000
Douglas J Hinderer
Hinderer,gerhard J & Beda M
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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