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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
205 Main St Springfield, OH 45503-4221
Individually Owned
~
Est. High Equity
Property ID
US66-6080328
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
CONCRETE BLOCKS
Total area
11,130 SF
Lot
0.62 ac (27,144 SF)
APN
340-07-00035-423-017
UPID
US66-6080328
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
-
Mader Electric Motor & Power Electrical Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$505k
Owner & transaction history
Mader Electric Motor & Power Transm
Mader Electric Motor & Power Transm
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+9.7%
Apartment house (5+ units)
$805,000
+6.8%
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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$805,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$45 / 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
$6,927
Tax year 2023
Assessed value
$95,460
Assessed 2023
Previous assessed
$95,460
+0.0% YoY
Effective rate
7.26%
On assessed value
Assessed land
$23,750
Assessed improvement
$71,710
Land market value
$67,860
Improvement market value
$204,890
Total market value
$272,750
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
11,130 SF
Lot
0.62 ac (27,144 SF)
APN
340-07-00035-423-017
UPID
US66-6080328
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Mader Electric Motor & Power Transm
Individual
Mailing address
1835 TIMBERLINE DR, SPRINGFIELD, OH 45504-1235
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Mader Electric Motor & Power Transm
Bay Street Properties LLC
Warranty Deed
$436,000 · Civista Bank
Mar 12, 2024
—
Bay Street Properties LLC
—
Deed
related
$600,000 · Park National Bank
Mar 24, 2023
—
Bay Street Properties LLC
Bret Eric Mader
Quit Claim Deed
related
—
Sep 23, 2019
—
Bret E Mader
Mader Electric Motor & Power T
Quit Claim Deed
related
—
Apr 7, 2016
—
Mader Electric Motor & Power T
Mader,bret E & Tracy L
Quit Claim Deed
related
—
Jun 18, 1997
$226,000
Ron Richards INC
Sharon Investments
Grant Deed
related
$174,000 · Huntington National Bank
—
—
Mader,bret E & Tracy L
—
Deed Of Trust
related
$131,000 · Home Cty Fsb/springfield
—
—
Bret E Mader
—
Deed Of Trust
related
$157,000 · Clark County Dev Corp
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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