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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Flex space
200 Chapman Rd, Lima, OH 45801-2012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1818195
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1967
Total area
6,576 SF
Lot
14.32 ac (623,779 SF)
APN
37-1900-02-005.000
UPID
US66-1818195
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
-
Fleck Manufacturing Industrial Manufacturer Production Facility
-
Taterbucks Candle Company Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.18M
Owner & transaction history
Evanston Ave Holdings Ltd · 4 yrs held
Evanston Ave Holdings Ltd
since 2021
Last sale
$3.4M
7 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
$2,985,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $3.40M (Oct 7 2021)
Last sale anchor
$3.40M
Oct 7 2021
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
$484 / 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
$44,313
Tax year 2023
Assessed value
$786,420
Assessed 2023
Previous assessed
$179,730
+337.6% YoY
Effective rate
5.63%
On assessed value
Assessed land
$68,570
Assessed improvement
$717,850
Land market value
$195,900
Improvement market value
$2,051,000
Total market value
$2,246,900
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
1967
Heating
NONE
Buildings
3
Stories
1
Total area
6,576 SF
Lot
14.32 ac (623,779 SF)
APN
37-1900-02-005.000
UPID
US66-1818195
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
1967
Heating
NONE
Stories
1
Buildings
3
Lot
14.32 ac
Current owner
From public records · entity-resolved
Evanston Ave Holdings Ltd
Entity
Mailing address
200 E CHAPMAN RD, LIMA, OH 45801-2012
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Evanston Ave Holdings Ltd
—
Deed
related
$1,379,000 · West Central Partnership INC
Oct 7, 2021
$3,400,000
Evanston Ave Holdings Ltd
Chapman Warehouse LLC
Warranty Deed
$1,700,000 · The Fort Jennings State Bank
Apr 23, 2020
$14,000
Chapman Warehouse LLC
Jon J Kriegel
Quit Claim Deed
related
—
Apr 6, 2018
—
Jon J Kriegel
—
Deed
related
$1,900,000 · Horizon Bk Ssb
Jun 30, 2017
—
Jon J Kriegel
—
Grant Deed
related
$1,900,000 · Horizon Bk
Mar 13, 2017
—
Jon J Kriegel
Kriegel,david L
Quit Claim Deed
related
—
Jun 8, 2012
$370,000
David L Kriegel
Rbc Manufacturing Corp
Grant Deed
—
—
—
David L Kriegel
—
Deed Of Trust
related
$296,000 · First Federal Bank Midwest
—
—
Jon J Kriegel
—
Loan Modification
related
$1,900,000 · Horizon Bk Ssb
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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