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Property profile & analytics

519 Market St Lima, OH 45801

  • Car washes
  • 0.30 lot acres
Value Estimation
Last Sale
Nov 27, 2024
Location Intelligence
Property ID
US66-1290515
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.

Current Use by Public Records

  • Car washes

Property Details for 519 Market St

Lot size
0.30 lot acres
Property type
Car washes
APN
36-3608-08-004.000
APU
36360808004000

Description

This exceptional opportunity presents a well-established car wash business located in the heart of Lima, Ohio. Situated at 519 W Market St, this single-tenancy property boasts a prime downtown location and a substantial history, operating successfully for over 30 years. The 4,500 square foot building, measuring approximately 30 feet by 150 feet, sits on a 0.31-acre lot. Recent improvements include a new metal roof and a gas furnace, ensuring efficient and cost-effective operation. The property includes a small kitchen and waiting area, along with separate men's and women's restrooms, providing ample comfort for customers. The sale includes all business equipment and real estate, offering a turnkey solution for a new owner. The car wash offers full-service capabilities, catering to a wide range of customer needs. This established business, with its long-standing presence in the community and prime location, presents a rare opportunity for a savvy investor seeking a profitable and established enterprise in a thriving downtown area. The property is classified as Retail and Special Purpose, offering a unique blend of commercial and service-based operations. This is a remarkable chance to acquire a successful, long-term business with significant growth potential. The property is located in Allen County, Ohio, with a zip code of 45801.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $240,000
  • CAP approach

    CAP return
    Estimation
    6%
    $250,000
    6.5%
    $295,000
    7%
    $300,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $315,000
    Geo Method
    $265,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $300,000
    Retail
    $240,000
    Mixed-Use
    $250,000
    Hospitality
    $230,000
    Educational
    $240,000
    Residential Income
    $260,000
    Energy
    $260,000
    Income-Based Land
    $265,000
    Food Service
    $300,000

Location Insight

  • Map
  • Local Demand
City
Lima
County
Allen
State
Ohio
Longitude
-84.1112
Latitude
40.7396
CBSA code
30620
CBSA name
LIMA, 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
2023
$2,073
$17,960
$17,430
$35,390
-
$51,300
$49,800
$101,100
More about this property
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