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Property profile & analytics
FOR SALE
Retail properties & Spaces
2015 N Cole St, Lima, OH 45801
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-3944449
For Sale
1 / 3
$1,252,537
2015 N Cole St, Lima, OH 45801
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2018
Total area
9,260 SF
Lot
5 ac (217,800 SF)
APN
36-2308-01-001.001
UPID
US66-3944449
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
-
Dollar General Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$610k
Owner & transaction history
Mhh Ents INC · 7 yrs held
Mhh Ents INC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$730,000
+76.5%
Medical building
$630,000
+52.3%
Office building
$515,000
+24.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$415,000
Current use
RESTAURANT
$730,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$490,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$66 / 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
$13,053
Tax year 2023
Assessed value
$205,840
Assessed 2023
Previous assessed
$205,840
+0.0% YoY
Effective rate
6.34%
On assessed value
Assessed land
$35,810
Assessed improvement
$170,030
Land market value
$102,300
Improvement market value
$485,800
Total market value
$588,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
2018
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
9,260 SF
Lot
5 ac (217,800 SF)
APN
36-2308-01-001.001
UPID
US66-3944449
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
RETAIL STORES Current
Est. value
$415,000
RESTAURANT
Est. value
$730,000
MEDICAL BUILDING
Est. value
$630,000
OFFICE BUILDING
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2018
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
5 ac
Current owner
From public records · entity-resolved
Mhh Ents INC
Entity
Mailing address
2015 N COLE ST, LIMA, OH 45801-2426
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2019
$1,335,500
Mhh Ents INC
Dg Lima Cole LLC
Grant Deed
$2,264,440 · Valley Nat'l Bk
Jul 31, 2018
—
Dg Lima Cole LLC
—
Trustees Deed
related
$1,084,000 · First Nat'l Bk/pa
Jul 16, 2018
$12,000
Dg Lima Cole LLC
Guagenti Family Trust
Grant Deed
—
Jul 16, 2018
$108,000
Dg Lima Cole LLC
Guagenti,concetta M & Carolyn L
Warranty Deed
—
—
—
Frank J Guagenti
—
Deed Of Trust
related
$232,413 · First National Bank Pandora
—
—
Frank J Guagenti
—
Deed Of Trust
related
$232,413 · First National Bank Pandora
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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