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    Property profile & analytics

    405 Race St Springfield, OH 45504-2400

    • Apartment buildings
    • 2,570 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Last Sale
    Jan 26, 2024
    $225,000
    Location Intelligence
    Property ID
    US66-1543268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 405 Race St

    Year built
    1891
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    2,570 SF
    Property type
    Apartment buildings
    APN
    340-06-00005-412-036
    APU
    3400600005412036

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.821
    Latitude
    39.9301
    CBSA code
    44220
    CBSA name
    SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,554
    $4,540
    $16,870
    $21,410
    -
    $12,960
    $48,200
    $61,160

    Comparable in this City

    • Value Estimation
      $200,000
      1,884 SF

      31-33 Shaffer St

      APARTMENT HOUSE (5+ UNITS) • 1,884 SF
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      View Details
    • Value Estimation
      $505,000
      2,328 SF

      2107 Troy Rd

      APARTMENT HOUSE (5+ UNITS) • 2,328 SF
      2107 Troy Rd, Springfield, OH 45504-4258
      View Details
    • Value Estimation
      $365,000
      3,812 SF

      819 Fountain Ave

      APARTMENT HOUSE (5+ UNITS) • 3,812 SF
      819 Fountain Ave, Springfield, OH 45504-2277
      View Details
    • Value Estimation
      $150,000
      2,864 SF

      831-833 Wn St

      APARTMENT HOUSE (5+ UNITS) • 2,864 SF
      831-833 Wn St, Springfield, OH 45504
      View Details
    • Value Estimation by Request
      4,316 SF

      1005-1009 Broadway St

      APARTMENT HOUSE (5+ UNITS) • 4,316 SF
      1005-1009 Broadway St, Springfield, OH 45504
      View Details
    • Value Estimation by Request
      4,560 SF

      1901 Main St

      APARTMENT HOUSE (5+ UNITS) • 4,560 SF
      1901 Main St, Springfield, OH 45504-3015
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      80,548 SF

      Warehouse Space with HVAC

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      View Details
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      Retail spaces available near major retailers and a hospital.
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      Retail opportunity with high traffic and strong tenant mix.
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      Springfield Retail Center Investment Opportunity

      Prime Springfield retail space, 10,500 sq ft available.
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    405 Race St
    Springfield, OH 45504-2400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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