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    Property profile & analytics

    212 Elizabeth St, Unit 1 Lima, OH 45801-4322

    • Office Properties & Spaces
    • 4,250 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Dec 20, 2021
    $400,000
    Location Intelligence
    Property ID
    US66-2725349
    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

    • King Andrew B / Attorney
    • The Colonial Finance Company / Loan Agency
    • Lima Civil Services Secretary / County Government Office / Professional Services
    • Disabled American Veterans / Veterans Organization
    • Allen County Waste District / County Government Office

    Property Details for 212 Elizabeth St

    Year built
    1940
    Lot size
    0.11 lot acres
    Property size
    4,250 SF
    Property type
    Office Properties & Spaces
    APN
    37-3106-21-007.501
    APU
    37310621007501

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $435,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $415,000
      Mixed-Use
      $325,000
      Hospitality
      $420,000
      Educational
      $410,000
      Residential Income
      $425,000
      Energy
      $405,000
      Income-Based Land
      $450,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1065
    Latitude
    40.7418
    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
    $1,593
    $1,790
    $30,070
    $31,860
    -
    $5,100
    $85,900
    $91,000

    Comparable in this City

    • Value Estimation
      $205,000
      1,402 SF

      830 High St Ste, Unit 108

      CONDOMINIUM OFFICES • 1,402 SF
      830 High St Ste, Lima, OH 45801-3998
      View Details
    • Value Estimation
      $255,000
      658 SF

      528 Market St Ste, Unit 150

      CONDOMINIUM OFFICES • 658 SF
      528 Market St Ste, Lima, OH 45801-4763
      View Details
    • Value Estimation
      $7,355,000
      2,071 SF

      750 High St Ste, Unit 210

      CONDOMINIUM OFFICES • 2,071 SF
      750 High St Ste, Lima, OH 45801-3995
      View Details
    • Value Estimation
      $180,000
      2,035 SF

      119 St, Unit 3

      CONDOMINIUM OFFICES • 2,035 SF
      119 St, Lima, OH 45801-4348
      View Details
    • Value Estimation
      $400,000
      4,046 SF

      212 Elizabeth St Fl, Unit 3

      CONDOMINIUM OFFICES • 4,046 SF
      212 Elizabeth St Fl, Lima, OH 45801-4344
      View Details
    • Value Estimation
      $320,000
      3,886 SF

      830 High St Ste, Unit 304

      CONDOMINIUM OFFICES • 3,886 SF
      830 High St Ste, Lima, OH 45801-3978
      View Details

    Similar Nearby for Sale

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      Prime location, high ROI potential.
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    Similar Nearby for Lease

    • $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
    • $675,000
      13,000 SF

      Commercial Building in Lima, Ohio

      Approximately 13,000 sq ft brick building in Lima, Ohio.
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      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
    • $1,500 /Mo
      2,352 SF

      Lima Office Space Available

      Office space available for lease in Lima, Ohio.
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      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
    • Contact for pricing
      1,176 SF

      Lima Industrial Property - For Lease

      1,176 SF Industrial Building, 0.55 Acres
      1495 Findlay Rd, Lima, OH 45801
      View Details
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    Lima, OH 45801-4322
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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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