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Property profile & analytics
OFF-MARKET
Estimated value
$5,805,000
Flex space
1340 Neubrecht Rd, Lima, OH 45801-3120
Individually Owned
13-yr Hold
Free & Clear
Property ID
US66-2407483
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Total area
85,900 SF
Lot
19.64 ac (855,518 SF)
APN
37-2000-04-004.000
UPID
US66-2407483
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
-
PPG Coatings Services - MetoKote Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.43M
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$5.81M
Owner & transaction history
State Of Ohio · 13 yrs held
State Of Ohio
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+172.3%
Medical building
$5.8M
+135.0%
Office building
$4.8M
+92.3%
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 Lima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lima 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%
$5,885,000
6.5%
$5,430,000
7%
$5,045,000
Alternative Use
Use
Estimation
RESTAURANT
$6,765,000
Change: +172% · Conversion: Difficult
MEDICAL BUILDING
$5,835,000
Change: +135% · Conversion: Difficult
OFFICE BUILDING
$4,780,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,550,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,225,000
Change: +70% · Conversion: Easy
RETAIL STORES
$3,830,000
Change: +54% · Conversion: Moderate
Blend value · Realmo final
$5.81M
Range $5.22M – $6.39M · ±10%
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
$68 / 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
$92,902
Tax year 2023
Assessed value
$1,655,010
Assessed 2023
Previous assessed
$1,655,010
+0.0% YoY
Effective rate
5.61%
On assessed value
Assessed land
$127,610
Assessed improvement
$1,527,400
Land market value
$364,600
Improvement market value
$4,364,000
Total market value
$4,728,600
Applied tax rate
202.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
85,900 SF
Lot
19.64 ac (855,518 SF)
APN
37-2000-04-004.000
UPID
US66-2407483
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
19.64 ac
Current owner
From public records · entity-resolved
State Of Ohio
Individual
Free & Clear · 13 yrs held
Mailing address
1340 NEUBRECHT RD, LIMA, OH 45801-3120
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2012
$3,859
State Of Ohio
Mk Landlord De LP
Grant Deed
—
Jun 7, 2005
$10,052,356
M K Landlord Ltd Ptns
Metokote Corp
Grant Deed
$20,000,000 · Cibc INC
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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