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    Property profile & analytics

    118 Broadway St Spencerville, OH 45887-1265

    • Turn key restaurants
    • 6,342 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 04, 2024
    $25,000
    Location Intelligence
    Property ID
    US66-5338191
    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

    • Turn key restaurants

    Property Details for 118 Broadway St

    Year built
    1920
    Lot size
    0.17 lot acres
    Property size
    6,342 SF
    Property type
    Turn key restaurants
    APN
    44-1207-13-006.000
    APU
    44120713006000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencerville
    County
    Allen
    State
    Ohio
    Longitude
    -84.3535
    Latitude
    40.708
    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
    $210
    $4,590
    $0.00
    $4,590
    -
    $13,100
    $0.00
    $13,100

    Comparable in this City

    • Value Estimation by Request
      1,584 SF

      100 3rd St

      RESTAURANT • 1,584 SF
      100 3rd St, Spencerville, OH 45887-1263
      View Details
    • Value Estimation by Request
      3,120 SF

      122 12th S Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      122 12th S Broadway St, Spencerville, OH 45887-1267
      View Details
    • Value Estimation by Request
      4,290 SF

      109 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 4,290 SF
      109 Broadway St, Spencerville, OH 45887-1266
      View Details
    • Value Estimation
      $295,000
      483 SF

      205 4th St

      RETAIL STORES (PERSONAL SERVICES) • 483 SF
      205 4th St, Spencerville, OH 45887-1205
      View Details
    • Value Estimation
      $1,340,000
      9,100 SF

      502 4th St

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      502 4th St, Spencerville, OH 45887-1202
      View Details
    • Value Estimation by Request
      2,056 SF

      113 4th St

      DRY CLEANER • 2,056 SF
      113 4th St, Spencerville, OH 45887-1278
      View Details

    Similar Nearby for Sale

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      8,064 SF

      Spencerville Commercial Space For Sale

      8000+ sqft commercial space near Route 66 in Spencerville.
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    • Contact for pricing
      0.31 Acres

      Residential Lot in Spencerville, OH

      Building lot with city utilities in Spencerville School District.
      417 W 4Th St, Spencerville, OH 45887
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    • $54,000

      2.01 Acres Near Spencerville

      2.01 acre lot, partially wooded, creek, ideal home site.
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    • $38,000
      0.55 Acres

      Residential Land in Edge Brook Estates

      Building lot in Edge Brook Estates Subdivision with city utilities.
      433 W 4Th St, Spencerville, OH 45887
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    • Contact for pricing
      0.31 Acres

      Residential Land in Spencerville, OH

      Land available for building a home in Spencerville, Ohio.
      421 W 4Th St, Spencerville, OH 45887
      View Details
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    118 Broadway St
    Spencerville, OH 45887-1265
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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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