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    Spencerville Rd Lima, OH 45806

    Under Contract
    For Sale
    $44,900

    LAND - Lima, OH

    Lot size:
    2.50 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for Spencerville Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    45-1100-01-002.000
    Lot size
    2.50 Acres

    Dick Clark Real Estate, LLC (419) 230-5553 [email protected]

    Listing agent Melanie Thorbahn (419) 234-5493

    Listing date Sep 29, 2025

    Copyright © 2025 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Shawnee School District

    This 2.5-acre parcel of land is located within the Shawnee School District in Lima, Ohio. The property is ready for construction. Additional acreage to the north, accessible from Mills Road, may be available for subdivision. Deed restrictions apply to the 2.5-acre parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.250115
    Latitude
    40.711838

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    FAQs

    What type of property is this?
    Land - 2.5 acres of land, ready to build in Lima, Ohio.
    Where is this land located?
    The property is located at Spencerville Rd Lima, OH.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: - 2. 5 acres ready to build.; - Located in Shawnee School District.; - Additional acreage to the north available.
    (419) 234-5493
    Request Owner's contact information
    Spencerville Rd Lima, OH 45806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Spencerville Rd Lima, OH 45806
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