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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Apartment buildings
1855 Cole St Lima, OH 45801-2400
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-5751115
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
3,136 SF
Lot
10.42 ac (453,895 SF)
APN
36-2309-01-005.000
UPID
US66-5751115
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
-
Lima West Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Lima Club West Owner LLC · 6 yrs held
Lima Club West Owner LLC
since 2020
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,875,000
ML approach
$1,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.22M (Jul 17 2020)
Last sale anchor
$2.22M
Jul 17 2020
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
$660 / 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
$42,309
Tax year 2023
Assessed value
$694,230
Assessed 2023
Previous assessed
$694,230
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$83,900
Assessed improvement
$610,330
Land market value
$239,700
Improvement market value
$1,743,800
Total market value
$1,983,500
Applied tax rate
205.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
3,136 SF
Lot
10.42 ac (453,895 SF)
APN
36-2309-01-005.000
UPID
US66-5751115
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
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
10.42 ac
Current owner
From public records · entity-resolved
Lima Club West Owner LLC
Entity
Mailing address
1855 N COLE ST, LIMA, OH 45801-2400
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
—
Lima Club West Owner LLC
Lima Club 2018 LLC
Quit Claim Deed
related
$100,000 · Enterprise Cmnty Ln Fund
Feb 20, 2019
$1,912,500
Lima Club 2018 LLC
Pe Lima Club West Realty LLC
Grant Deed
related
—
May 2, 2013
$2,216,900
Pe Lima Club West Realty LLC
Downtown Property Mgmt INC
Grant Deed
$20,584,000 · Cp Cincinnati LLC
May 2, 2008
$1,375,000
Downtown Property Mgmt INC
Commissioner Of Allen County
Trustees Deed
$1,320,000 · Fifth Third Bank
—
—
Pe Alms Hill Realty LLC
—
Deed Of Trust
related
$14,310,000 · Arbor Com'l Mtg
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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