660 Limestone St Springfield, OH 45503-4159
Property Lookup
Property profile & analytics
660 Limestone St Springfield, OH 45503-4159
- Retail space
- 7,125 SF
- 0.33 lot acres
Property ID
US66-2426596
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.
Location Intelligence
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
Property Details for 660 Limestone St
- Year built
- 1997
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.33 lot acres
- Property size
- 7,125 SF
- Property type
- Retail space
- APN
- 340-07-00035-225-019
- APU
- 3400700035225019
Description
This exceptional investment opportunity presents a fee-simple ownership of a single-story, 0.85-acre retail property in Springfield, Ohio. The property, built in 1997, houses an Advance Auto Parts store operating under a Net Lease agreement. The current lease, with a 10% rent increase every five years, boasts a remaining term of approximately 6.2 years and includes two, five-year renewal options, extending to December 31, 2030. The property generates a substantial net operating income (NOI) of $57,900, resulting in an attractive 7.65% capitalization rate. The tenant, Advance Auto Parts, a nationally recognized and credit-rated (S&P Rated: BBB-) corporation with a significant market capitalization, provides a strong corporate guarantee. Their long-standing presence at this location (over 25 years) demonstrates commitment and stability. The property benefits from a high-traffic location, with daily traffic counts exceeding 39,600 vehicles at the intersection of N Limestone St and Route 40. The surrounding area boasts a robust population base, with approximately 60,722 residents within a 3-mile radius and 82,597 within a 5-mile radius. Proximity to major retailers like Walmart, Lowe's, Kroger, Wendy's, and Raising Cane's, along with Wittenberg University (approximately 2 miles away), further enhances the property's desirability and potential for long-term growth. The asking price for this exceptional investment is $756,863.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $770,000
- ML approach
- $900,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $502,000
- AI Estimate
- $714,000
Market price range: $249k - $665kMarket price range: $372k - $968k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $480,000 Current use
- RESTAURANT
- $1,195,000 Change: +148% Conversion: Easy
- OFFICE BUILDING
- $660,000 Change: +37% Conversion: Easy
- MEDICAL BUILDING
- $540,000 Change: +12% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $530,000 Change: +10% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $515,000 Change: +7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.8057
- Latitude
- 39.9319
- 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
2022
$0.00
$12,380
$101,440
$113,820
-
$35,380
$289,820
$325,200
