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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
200 Mckibben St, Lima, OH 45801-4323
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0208973
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1945
Total area
10,578 SF
Lot
0.26 ac (11,393 SF)
APN
37-3011-05-017.000
UPID
US66-0208973
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$378k
Blend (final)
Blend
$540k
Owner & transaction history
Tr Real Estate Holdings LLC · 1 yrs held
Tr Real Estate Holdings LLC
since 2025
Last sale
$565,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+48.6%
Medical building
$720,000
+28.3%
Office building
$590,000
+5.0%
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
$495,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$560,000
Current use
RESTAURANT
$835,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$590,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$520,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$470,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $565k (Feb 26 2025)
Last sale anchor
$565k
Feb 26 2025
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
$51 / 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
$3,590
Tax year 2023
Assessed value
$68,990
Assessed 2023
Previous assessed
$68,990
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$7,000
Assessed improvement
$61,990
Land market value
$20,000
Improvement market value
$177,100
Total market value
$197,100
Applied tax rate
206.0000
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
1945
Heating
FORCED AIR
Stories
1
Total area
10,578 SF
Lot
0.26 ac (11,393 SF)
APN
37-3011-05-017.000
UPID
US66-0208973
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$560,000
RESTAURANT
Est. value
$835,000
MEDICAL BUILDING
Est. value
$720,000
OFFICE BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1945
Heating
FORCED AIR
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tr Real Estate Holdings LLC
Entity
Mailing address
200 W MCKIBBEN ST #214, LIMA, OH 45801-4323
Ownership since
2025
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
Feb 26, 2025
$565,000
Tr Real Estate Holdings LLC
Redhead Investments LLC
Warranty Deed
$423,750 · The First National Bank Of Pandora
Feb 1, 2023
$425,000
Redhead Investments LLC
Eastown Investments LLC
Warranty Deed
$318,750 · The Citizens National Bank Of Bluff
Jan 8, 2020
$200,000
Eastown Investments LLC
Oconnor Invs Prop LLC
Warranty Deed
—
May 30, 2018
—
Oconnor Invs Prop LLC
Oconnor,michael J & Barbara J
Quit Claim Deed
related
—
Nov 20, 2003
$78,000
Oconnor,michael J
Lapoint,frederick J
Grant Deed
—
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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