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Property profile & analytics
OFF-MARKET
Estimated value
$120,000
Warehouses
3516 National Rd Springfield, OH 45505
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2309726
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Construction
FRAME
Total area
1,125 SF
Lot
0.15 ac (6,360 SF)
Zoning code
B-3
APN
300-07-00017-406-020
UPID
US66-2309726
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
$120k
Owner & transaction history
Drive 1 Real Estate LLC · 10 yrs held
Drive 1 Real Estate LLC
since 2015
5 recorded transactions
Zoning & alternative use
B-3 · Springfield, OH
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$120k
Range $108k – $132k · ±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
$107 / 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
$344
Tax year 2023
Assessed value
$5,390
Assessed 2023
Previous assessed
$5,390
+0.0% YoY
Effective rate
6.38%
On assessed value
Assessed land
$2,680
Assessed improvement
$2,710
Land market value
$7,650
Improvement market value
$7,730
Total market value
$15,380
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,125 SF
Lot
0.15 ac (6,360 SF)
Zoning code
B-3
APN
300-07-00017-406-020
UPID
US66-2309726
Jurisdiction
CLARK
Zoning & alternative use
B-3 · Springfield, OHZoning B-3 · permitted uses
B-3 · Springfield, OH
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
1966
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Drive 1 Real Estate LLC
Entity
Mailing address
3460 E NATIONAL RD, SPRINGFIELD, OH 45505-1528
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2018
—
Drive 1 Real Estate LLC
—
Deed
related
$500,000 · Security National Bank
Oct 14, 2016
—
Drive 1 Real Estate LLC
—
Deed
related
$400,000 · Security National Bank
Aug 21, 2015
$110,700
Drive 1 Real Estate LLC
Kenneth E Smith
Executors Deed
$143,466 · Security National Bank
Aug 21, 2015
$31,700
Drive 1 Real Estate LLC
Smith Carl H & L S Trust
Grant Deed
—
Dec 3, 2014
—
Smith,kenneth E Tr
Smith,louise S
Affidavit Of Death
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.
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