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Property profile & analytics
OFF-MARKET
Estimated value
$6,385,000
Manufacturing properties
4981 Gtwy Blvd Springfield, OH 45502-8867
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1455879
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
BRICK
Total area
149,240 SF
Lot
15.75 ac (686,070 SF)
APN
330-07-00004-000-068
UPID
US66-1455879
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
-
Pentaflex Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$6.39M
Owner & transaction history
4981 Gateway LLC · 3 yrs held
4981 Gateway LLC
since 2022
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+86.0%
Retail stores
$9.3M
+85.7%
Apartment house (5+ units)
$8.5M
+70.3%
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
$5,875,000
ML approach
$5,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,020,000
Current use
COMMERCIAL (GENERAL)
$9,335,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$9,320,000
Change: +86% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,545,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$6.39M
Range $5.75M – $7.02M · ±10% · vs last sale $6.71M (Aug 22 2022)
Last sale anchor
$6.71M
Aug 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
$43 / 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
$105,988
Tax year 2023
Assessed value
$1,727,730
Assessed 2023
Previous assessed
$1,727,730
+0.0% YoY
Effective rate
6.13%
On assessed value
Assessed land
$168,680
Assessed improvement
$1,559,050
Land market value
$481,950
Improvement market value
$4,454,420
Total market value
$4,936,370
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
NONE
Stories
1
Total area
149,240 SF
Lot
15.75 ac (686,070 SF)
APN
330-07-00004-000-068
UPID
US66-1455879
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
BRICK
Heating
NONE
Stories
1
Lot
15.75 ac
Current owner
From public records · entity-resolved
4981 Gateway LLC
Entity
Mailing address
1550 E BELTLINE AVE SE STE #150, GRAND RAPIDS, MI 49506-4399
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$6,705,000
4981 Gateway LLC
Fibricon Enterprises II INC
Limited Warranty Deed
$5,247,800 · Lake Michigan Cu
Aug 22, 2022
—
Pentaflex INC
4981 Gateway LLC
Lease
—
—
—
Fibricon Enterprises II INC
—
Deed Of Trust
related
$500,000 · Security National Bank & Trust
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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