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Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Warehouses
907 Wheel St Springfield, OH 45503-3542
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0599037
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1900
Construction
FRAME
Total area
43,822 SF
Lot
1.44 ac (62,726 SF)
APN
340-07-00023-101-013
UPID
US66-0599037
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
-
Hixon Consultants LLC General Contractor
-
Slark Industries Car Dealership
-
Hixon Sewer And Drain Cleaning Plumbing Service General Contractor
-
Busted Launch Auto Repair Shop
-
BuildWorks Construction Group, LLC. Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Slark Industries LLC · 6 yrs held
Slark Industries LLC
since 2020
Last sale
$175,000
7 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $175k (Feb 11 2020)
Last sale anchor
$175k
Feb 11 2020
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
$5 / 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
$44,718
Tax year 2023
Assessed value
$73,980
Assessed 2023
Previous assessed
$73,980
+0.0% YoY
Effective rate
60.45%
On assessed value
Assessed land
$23,050
Assessed improvement
$50,930
Land market value
$65,870
Improvement market value
$145,500
Total market value
$211,370
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Total area
43,822 SF
Lot
1.44 ac (62,726 SF)
APN
340-07-00023-101-013
UPID
US66-0599037
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
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Slark Industries LLC
Entity
Mailing address
2852 BURRWOOD DR, SPRINGFIELD, OH 45503-1106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 6, 2023
—
Slark Industries LLC
—
Deed
related
$195,298 · Berner Real Estate Investments LLC
Feb 11, 2020
$175,000
Slark Industries LLC
Berner R/e Invs LLC
Warranty Deed
$150,000 · Berner R/e Invs LLC
Jul 13, 2017
—
Berner Real Estate Invs LLC
Berner,michael & Brenda
Quit Claim Deed
related
—
Jun 2, 2017
—
Michael Berner
Hixon Consultants LLC
Quit Claim Deed
related
—
Jan 4, 2017
—
Hixon Consultants LLC
—
Deed
related
$176,095 · Michael Berner
Sep 25, 2015
$37,700
Hixon Consultants LLC
8888 Park Ltd
Grant Deed
—
Jun 18, 2014
$37,666
Hixon Consultants LLC
8888 Park Ltd
Dual Purpose Document
$34,666 · 8888 Park Ltd
Jun 5, 2013
$11,000
8888 Park Ltd
Peters,geraldine M & Paul
Warranty Deed
—
—
—
Hixon Consultants LLC
—
Deed Of Trust
related
$176,095 · Michael Berner
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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