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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Assisted living facilities
2299 Yellow Spgs St, Springfield, OH 45506-3368
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2347031
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Construction
BRICK
Total area
41,989 SF
Lot
2.59 ac (112,820 SF)
Zoning code
O-2
APN
300-06-00003-314-019
UPID
US66-2347031
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
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.13M
Owner & transaction history
Yellow Asset Co LLC · 5 yrs held
Yellow Asset Co LLC
since 2021
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
O-2 · Springfield, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+337.1%
Commercial (general)
$4.5M
+226.2%
Retail stores
$4.5M
+225.2%
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
$4,385,000
ML approach
$4,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,995,000
Change: +337% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,475,000
Change: +226% · Conversion: Difficult
RETAIL STORES
$4,460,000
Change: +225% · Conversion: Difficult
RESTAURANT
$4,320,000
Change: +215% · Conversion: Difficult
OFFICE BUILDING
$3,885,000
Change: +183% · Conversion: Difficult
MEDICAL BUILDING
$3,255,000
Change: +137% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,820,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10% · vs last sale $4.09M (Jul 7 2021)
Last sale anchor
$4.09M
Jul 7 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
$98 / 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
$74,845
Tax year 2023
Assessed value
$1,174,350
Assessed 2023
Previous assessed
$1,174,350
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$22,660
Assessed improvement
$1,151,690
Land market value
$64,750
Improvement market value
$3,290,550
Total market value
$3,355,300
Applied tax rate
300.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
NONE
Stories
1
Units
79
Total area
41,989 SF
Lot
2.59 ac (112,820 SF)
Zoning code
O-2
APN
300-06-00003-314-019
UPID
US66-2347031
Jurisdiction
CLARK
Zoning & alternative use
O-2 · Springfield, OH
Zoning O-2 · permitted uses
O-2 · Springfield, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.5M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.8M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1979
Construction
BRICK
Heating
NONE
Stories
1
Units
79
Lot
2.59 ac
Current owner
From public records · entity-resolved
Yellow Asset Co LLC
Entity
Mailing address
10123 ALLIANCE RD #320, BLUE ASH, OH 45242-4707
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Yellow Asset Co LLC
—
Deed
related
$72,420,000 · Ohi Asset III LP
Jul 7, 2021
$4,094,100
Yellow Asset Co LLC
Seminole Avenue Realty LLC
Deed
$72,420,000 · Ohi Asset III Pa LP
Dec 3, 2018
—
Seminole Avenue Realty LLC
—
Grant Deed
related
$76,192,000 · Huntington Nat'l Bk
Sep 19, 2016
—
Seminole Avenue Realty LLC
Seminole Avenue Realty
Quit Claim Deed
related
—
Sep 14, 2016
—
Seminole Realty LLC
Seminole Avenue Realty
Quit Claim Deed
related
—
Jan 26, 2011
—
Avenue Realty Seminole
—
Deed Of Trust
related
$5,000,000 · Cit Healthcare LLC
Dec 15, 2008
—
Avenue Realty Seminole
—
Grant Deed
related
$4,040,000 · National City Bank
—
—
Seminole Avenue Realty
—
Loan Modification
related
$65,000,000 · General Elec Cap
—
—
Avenue Realty Seminole
—
Deed Of Trust
related
$4,040,000 · National City Bank
—
—
Avenue Realty Seminole
—
Deed Of Trust
related
$57,500,000 · General Elec Cap
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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