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    Property profile & analytics

    1940 St Lima, OH 45801-2633

    • Office buildings
    • 960 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-1277849
    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

    • Office buildings

    Property Details for 1940 St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    960 SF
    Property type
    Office buildings
    APN
    37-1907-02-006.000
    APU
    37190702006000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1083
    Latitude
    40.7689
    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
    $996
    $7,460
    $9,800
    $17,260
    -
    $21,300
    $28,000
    $49,300

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      215 Elm St

      OFFICE BUILDING (MULTI-STORY) • 0.32 Acres
      215 Elm St, Lima, OH 45801
      View Details
    • Value Estimation
      $75,000
      2,308 SF

      555 Elm St

      OFFICE BUILDING (MULTI-STORY) • 2,308 SF
      555 Elm St, Lima, OH 45801-4757
      View Details
    • Value Estimation
      $115,000
      0.25 Acres

      Nwn W St

      OFFICE BUILDING (MULTI-STORY) • 0.25 Acres
      Nwn W St, Lima, OH 45801
      View Details
    • Value Estimation
      $290,000
      4,782 SF

      850 Bellefontaine Ave

      OFFICE BUILDING (MULTI-STORY) • 4,782 SF
      850 Bellefontaine Ave, Lima, OH 45801-4570
      View Details
    • Value Estimation
      $795,000
      1.13 Acres

      High St

      OFFICE BUILDING (MULTI-STORY) • 1.13 Acres
      High St, Lima, OH 45801
      View Details
    • Value Estimation
      $295,000
      2,856 SF

      523 High St

      OFFICE BUILDING (MULTI-STORY) • 2,856 SF
      523 High St, Lima, OH 45801-4703
      View Details

    Similar Nearby for Sale

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      Downtown Lima Investment Opportunity

      Commercial property with income, development potential near downtown Lima.
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      32,670 SF office building available in Lima, Ohio.
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    • $299,000
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      Commercial Building with Office/Retail Space

      2,100 SF building with office, retail, and garage space.
      1603 N Sugar St, Lima, OH 45801
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    • $2,500,000
      32,670 SF

      Downtown Lima Office Building

      Prime location, high ROI potential.
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      Downtown Lima Office Building

      Prime investment: Office & apartment potential
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    Similar Nearby for Lease

    • $675,000
      13,000 SF

      Commercial Building in Lima, Ohio

      Approximately 13,000 sq ft brick building in Lima, Ohio.
      1275-77 Cole St N, Lima, OH 45801
      View Details
    • $900 /Mo
      4,356 SF

      Downtown Lima Storefront For Rent

      Storefront in downtown Lima's renovation area, primed for growth.
      222 S Elizabeth St, Lima, OH 45801
      View Details
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      2,352 SF

      Lima Office Space Available

      Office space available for lease in Lima, Ohio.
      219 N Mcdonel St, Lima, OH 45801
      View Details
    • $900 /Mo

      Downtown Lima Office Space Available

      Professional office spaces in downtown Lima, various sizes available.
      112 N West St, Lima, OH 45801
      View Details
    • Contact for pricing
      6,640 SF

      Retail Space in Northland Plaza

      Retail space available in Lima's Northland Plaza shopping center.
      100 E Northern Ave, Lima, OH 45801
      View Details
    • $295,000
      2,400 SF

      Commercial Property in Lima, Ohio

      Two lots with a block building and paved parking.
      1251-53 Cole St N, Lima, OH 45801
      View Details
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    1940 St
    Lima, OH 45801-2633
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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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