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    Property profile & analytics

    1608 Elida Rd Lima, OH 45805-1510

    • Retail space
    • 19,336 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US66-2002117
    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

    • U-Haul Moving & Storage of Lima / Propane Supplier / Van Rental Agency
    • Propane Refill at U-Haul / Propane Supplier / Moving And Storage Service
    • U-Box at U-Haul / Moving And Storage Service / Moving Supply Store
    • Self-Storage at U-Haul / Self-Storage Facility / Moving And Storage Service
    • Moving Supplies at U-Haul / Moving Supply Store / Packaging Supply Store

    Property Details for 1608 Elida Rd

    Year built
    1930
    Lot size
    1.45 lot acres
    Property size
    19,336 SF
    Property type
    Retail space
    APN
    36-2605-10-002.000
    APU
    36260510002000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $540,000
      6.5%
      $600,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $495,000
      Retail
      $505,000
      Mixed-Use
      $505,000
      Hospitality
      $460,000
      Educational
      $530,000
      Residential Income
      $455,000
      Energy
      $605,000
      Income-Based Land
      $500,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1334
    Latitude
    40.7554
    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
    $6,731
    $41,440
    $78,860
    $120,300
    -
    $118,400
    $225,300
    $343,700

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Allentown Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.15 Acres
      Allentown Rd, Lima, OH 45805
      View Details
    • Value Estimation by Request
      704 SF

      1500 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 704 SF
      1500 Elm St, Lima, OH 45805-2644
      View Details
    • Value Estimation
      $105,000
      0.08 Acres

      Gdn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      Gdn Blvd, Lima, OH 45805
      View Details
    • Value Estimation
      $140,000
      1,628 SF

      1041 Shawnee Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,628 SF
      1041 Shawnee Rd, Lima, OH 45805-3526
      View Details
    • Value Estimation by Request
      4,432 SF

      925 Jameson Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,432 SF
      925 Jameson Ave, Lima, OH 45805-2038
      View Details
    • Value Estimation
      $180,000
      3,400 SF

      1801 Allentown Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      1801 Allentown Rd, Lima, OH 45805-1846
      View Details

    Similar Nearby for Sale

    • $2,400,000
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      Dunkin's Diamonds Retail Investment

      High-return, long-term NNN lease.
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      Commercial Building in High Traffic Area

      Income-producing suites with development potential in a high-visibility location.
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      Commercial Building and Land For Sale

      Commercial building and land available for purchase in Lima, Ohio.
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,470 SF

      Retail Space Near Lima Mall

      Retail spaces available near Lima Mall and Elida Road.
      902-914 N Cable Rd, Lima, OH 45805
      View Details
    • $9 SF/Yr
      4,500 SF

      Lima Retail Space Available

      Retail space available for lease in Lima, Ohio.
      2143-2161 Elida Rd, Lima, OH 45805
      View Details
    • $10 SF/Yr
      3,000 SF

      Retail Space on Elida Road

      3,000 SF retail space available for rent.
      2400 Elida Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      5,457 SF

      Retail Space on Elida Road

      Retail space available for lease on Elida Road.
      2154 Elida Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space at Cable Road

      Retail space available at the corner of Cable and Wales.
      733 S Cable Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      7,306 SF

      Prime Lima Retail Space

      7,306 SF Strip Center, High Visibility
      924 Elm St, Lima, OH 45805
      View Details
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    Lima, OH 45805-1510
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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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