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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Manufacturing properties
4300 Riv Rd Springfield, OH 45502-7517
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2121866
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
METAL FRAME
Total area
25,816 SF
Lot
2.5 ac (108,900 SF)
Zoning code
M-2
APN
050-02-00003-000-024
UPID
US66-2121866
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
-
Woodrow Corporation Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Durable Safety Signs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$855k
Owner & transaction history
4300 River Road LLC · 5 yrs held
4300 River Road LLC
since 2021
Last sale
$840,000
6 recorded transactions
Zoning & alternative use
M-2 · 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
$900,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$870,000
Current use
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $840k (Jun 15 2021)
Last sale anchor
$840k
Jun 15 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
$33 / 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
$12,117
Tax year 2023
Assessed value
$198,700
Assessed 2023
Previous assessed
$198,700
+0.0% YoY
Effective rate
6.10%
On assessed value
Assessed land
$14,180
Assessed improvement
$184,520
Land market value
$40,500
Improvement market value
$527,210
Total market value
$567,710
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
25,816 SF
Lot
2.5 ac (108,900 SF)
Zoning code
M-2
APN
050-02-00003-000-024
UPID
US66-2121866
Jurisdiction
CLARK
Zoning & alternative use
M-2 · Springfield, OHZoning M-2 · permitted uses
M-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
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
1974
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
4300 River Road LLC
Entity
Mailing address
4300 RIV RD, SPRINGFIELD, OH 45502-7517
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
—
4300 River Road LLC
—
Deed
related
$420,000 · Farmers & Merchants Bank
Sep 3, 2021
—
4300 River Road LLC
—
Deed
related
$343,000 · Community Capital Development Corporatio
Jun 15, 2021
$840,000
4300 River Road LLC
Wooddrow Manufacturing Co
Warranty Deed
$420,000 · Farmers & Merchants Bank
—
—
John K Woodrow
—
Deed Of Trust
related
$422,423 · Woodrow Manufacturing Co
—
—
Woodrow Manufacturing Co
—
Deed Of Trust
related
$450,000 · Huntington National Bank
—
—
John K Woodrow
—
Deed Of Trust
related
$200,000 · Cornerstone Bank
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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