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    Property profile & analytics

    Allentown Rd Elida, OH 45805

    • Land
    For Sale
    View listing
    $275,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Allentown Rd

    Property type
    Land

    Description

    This exceptional commercial land parcel presents a unique investment opportunity in the thriving Elida, Ohio market. Located on Allentown Road, this approximately one-acre site boasts 190 feet of prominent road frontage, ensuring high visibility and accessibility for any commercial venture. Its strategic position between Frickers and Walmart guarantees significant foot and vehicle traffic, providing unparalleled exposure to a large customer base. The property's ideal location makes it suitable for a wide range of commercial uses, from retail establishments to restaurants and service businesses. A survey will be conducted at the seller's expense once a contract is in place, ensuring a smooth and transparent transaction. The asking price for this prime commercial land is $275,000. Don't miss this chance to secure a highly visible and strategically located property in a rapidly growing area. The property is situated in Allen County, Ohio, with a Lima mailing address and a 45805 zip code.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elida
    County
    Allen
    State
    Ohio
    Longitude
    -84.1539
    Latitude
    40.7503

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    Allentown Rd
    Elida, OH 45805
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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
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