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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Garden apartment buildings
2655 National Rd Springfield, OH 45504-3617
Entity Owned
Free & Clear
Property ID
US66-3506164
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
BRICK
Total area
42,174 SF
Lot
19.65 ac (856,085 SF)
APN
330-06-00016-210-008
UPID
US66-3506164
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
-
Dr. William A. Garringer, MD Physician
-
Festival Green Clubhouse Hotel & Motel Bed & Breakfast
-
Springfield Masonic Community Nursing Home Retirement Community
-
The Ohio Masonic Communities Foundation Association / Organization Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$2.49M
Owner & transaction history
OHIO MASONIC HOME
OHIO MASONIC HOME
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+54.4%
Medical building
$3.2M
+40.3%
Auto repair, garage
$3.1M
+37.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,065,000
6.5%
$1,910,000
7%
$1,770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,280,000
Current use
OFFICE BUILDING
$3,520,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$3,200,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,130,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,640,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$2,410,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±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
$59 / 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
$91,262
Tax year 2023
Assessed value
$1,490,360
Assessed 2023
Previous assessed
$1,490,360
+0.0% YoY
Effective rate
6.12%
On assessed value
Assessed land
$163,370
Assessed improvement
$1,326,990
Land market value
$466,770
Improvement market value
$3,791,400
Total market value
$4,258,170
Applied tax rate
330.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
NONE
Buildings
5
Stories
1
Units
4
Total area
42,174 SF
Lot
19.65 ac (856,085 SF)
APN
330-06-00016-210-008
UPID
US66-3506164
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Construction
BRICK
Heating
NONE
Stories
1
Buildings
5
Units
4
Lot
19.65 ac
Current owner
From public records · entity-resolved
OHIO MASONIC HOME
Individual
Free & Clear · 0 yrs held
Mailing address
2655 W NATIONAL RD, SPRINGFIELD, OH 45504-3617
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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