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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Warehouses
3861 Ballentine Pike Springfield, OH 45502-8607
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2217706
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
METAL FRAME
Total area
8,000 SF
Lot
4.78 ac (208,217 SF)
Zoning code
B-3
APN
050-02-00020-100-030
UPID
US66-2217706
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
-
KO Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Springfield Storage LLC · 4 yrs held
Springfield Storage LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-3 · Springfield, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+331.4%
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
$1,400,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
RESTAURANT
$1,345,000
Change: +331% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.60M (Apr 22 2022)
Last sale anchor
$1.60M
Apr 22 2022
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
$178 / 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
$18,869
Tax year 2023
Assessed value
$309,430
Assessed 2023
Previous assessed
$309,430
+0.0% YoY
Effective rate
6.10%
On assessed value
Assessed land
$16,250
Assessed improvement
$293,180
Land market value
$46,440
Improvement market value
$837,660
Total market value
$884,100
Applied tax rate
50.0000
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
1999
Construction
METAL FRAME
Heating
NONE
Buildings
7
Stories
1
Total area
8,000 SF
Lot
4.78 ac (208,217 SF)
Zoning code
B-3
APN
050-02-00020-100-030
UPID
US66-2217706
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
RESTAURANT
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
1999
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
7
Lot
4.78 ac
Current owner
From public records · entity-resolved
Springfield Storage LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10301 WAYZATA BLVD, HOPKINS, MN 55305-1552
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2024
—
Springfield Storage LLC
—
Deed
related
$90,000 · Bridgewater Bank
Apr 22, 2022
$1,600,000
Springfield Storage LLC
Jeffrey A Castle
Warranty Deed
—
Jun 27, 2012
$50,000
Jeffrey Castle
Crabtree,jacob A & Chelsey
Warranty Deed
related
$600,000 · First Central National Bank
May 9, 2003
$50,000
Jacob A Crabtree
Brown,ronald E & Joyce E
Grant Deed
$500,000 · National City Bank
—
—
Ronald E Brown
—
Deed Of Trust
related
$300,000 · New Carlisle Fsb
—
—
Ronald E Brown
—
Deed Of Trust
related
$117,000 · New Carlisle Fsb
—
—
Brown Ronald E
—
Deed Of Trust
related
$77,000 · New Carlisle Fsb
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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