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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Garden apartment buildings
500 Harding Rd Springfield, OH 45504-1728
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-6276139
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1949
Construction
BRICK
Total area
11,280 SF
Lot
0.89 ac (38,869 SF)
APN
340-06-00006-402-008
UPID
US66-6276139
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
-
Ridgewood Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$535k
Owner & transaction history
Cober Properties LLC · 7 yrs held
Cober Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$855,000
+40.3%
Auto repair, garage
$835,000
+37.2%
Commercial (general)
$705,000
+15.6%
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%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$610,000
Current use
MEDICAL BUILDING
$855,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$835,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$645,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$47 / 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
$8,648
Tax year 2023
Assessed value
$119,180
Assessed 2023
Previous assessed
$119,180
+0.0% YoY
Effective rate
7.26%
On assessed value
Assessed land
$20,370
Assessed improvement
$98,810
Land market value
$58,190
Improvement market value
$282,300
Total market value
$340,490
Applied tax rate
340.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
BRICK
Heating
NONE
Stories
2
Total area
11,280 SF
Lot
0.89 ac (38,869 SF)
APN
340-06-00006-402-008
UPID
US66-6276139
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$610,000
MEDICAL BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1949
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Cober Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
114 12TH SCIOTO ST, URBANA, OH 43078-2126
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
Cober Properties LLC
—
Deed
related
$1,520,000 · Perpetual Fsb
Jun 19, 2019
$376,700
Cober Properties LLC
Overholser Investments LLC
Warranty Deed
—
Nov 28, 2017
$376,666
Cober Properties LLC
Overholser Investments LLC
Dual Purpose Document
related
$323,310 · Overholser Investments LLC
Jul 26, 2016
—
Overholser Investments LLC
—
Deed
related
$513,600 · New Carlisle Fsb
Apr 21, 2011
$235,000
Overholser Investments LLC
Arlington Bk
Warranty Deed
—
Feb 27, 2009
—
Arlington Bank
Client Choice Invs Sales LLC
Deed In Lieu Of Foreclosure
related
—
Feb 2, 2004
$420,000
Client Choice Investments LLC
Vinson,jerome S & Brenda L
Grant Deed
$336,000 · Arlington Bank
Apr 2, 2001
$725,000
Jerome S Vinson
Hartman,glen E
Grant Deed
$730,000 · New Carlisle Fsb
—
—
Overholser Investments LLC
—
Deed Of Trust
related
$513,600 · 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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