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    Property profile & analytics

    2179 Elida Rd Lima, OH 45805-1549

    • Hotels
    • 30,314 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Location Intelligence
    Property ID
    US66-1067768
    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

    • Fairfield Inn & Suites Lima / Hotel / Extended Stay Hotel
    • 2179 Elida Road Parking / Parking Lot

    Property Details for 2179 Elida Rd

    Year built
    1995
    Lot size
    1.06 lot acres
    Property size
    30,314 SF
    Property type
    Hotels
    APN
    36-2311-04-011.000
    APU
    36231104011000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $785,000
      6.5%
      $855,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $870,000
      Retail
      $880,000
      Mixed-Use
      $865,000
      Hospitality
      $700,000
      Educational
      $930,000
      Residential Income
      $860,000
      Energy
      $905,000
      Income-Based Land
      $725,000
      Food Service
      $745,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1464
    Latitude
    40.7611
    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
    $39,408
    $102,870
    $601,860
    $704,730
    -
    $293,900
    $1,719,600
    $2,013,500

    Comparable in this City

    • Value Estimation
      $300,000
      4,338 SF

      2002 Elida Rd

      MOTEL • 4,338 SF
      2002 Elida Rd, Lima, OH 45805-1517
      View Details
    • Value Estimation
      $320,000
      2,268 SF

      1940 Elida Rd

      MOTEL • 2,268 SF
      1940 Elida Rd, Lima, OH 45805-1515
      View Details
    • Value Estimation by Request
      3,047 SF

      1504 Elm St

      Specialty properties • 3,047 SF
      1504 Elm St, Lima, OH 45805
      View Details
    • Value Estimation by Request
      20.55 Acres

      Woodlawn Ave

      VACANT COMMERCIAL LAND • 20.55 Acres
      Woodlawn Ave, Lima, OH 45805
      View Details
    • Value Estimation by Request
      1.98 Acres

      Market St

      COMMERCIAL (GENERAL) • 1.98 Acres
      Market St, Lima, OH 45805
      View Details
    • Value Estimation by Request
      1.08 Acres

      Robb Ave

      MOBILE HOME PARK, TRAILER PARK • 1.08 Acres
      Robb Ave, Lima, OH 45805
      View Details

    Similar Nearby for Sale

    • $900,000

      Lima Motel: Redevelopment Potential

      31-Room Motel, Prime Location, High Traffic Area
      1940 Elida Rd, Lima, OH 45805
      View Details
    • $2,461,500

      Lima Land: Prime Development Opportunity

      54.68 Acres, High Traffic Area, Excellent Potential
      Allentown Rd, Lima, OH 45805
      View Details
    • $2,722,500

      Allentown Road Commercial Land

      54 Acres, High Development Potential
      0 Allentown Rd, Elida, OH 45805
      View Details
    • $399,000
      2,765 SF

      Lima, OH Commercial Opportunity

      Commercial building and land for sale in Lima, Ohio.
      702 N Cable Rd, Lima, OH 45805
      View Details
    • $164,500
      2.74 Acres

      Land with Road Frontage

      2.74 acres with excellent road frontage near commercial properties.
      Lima, OH 45805
      View Details
    • $290,000
      1,744 SF

      Restaurant Property in Lima, Ohio

      Commercial property with restaurant equipment included in Lima, Ohio.
      2119 Spencerville Rd, Lima, OH 45805
      View Details

    Similar Nearby for Lease

    • $3,850 /Mo
      18,182 SF

      Lima, OH Medical Office Suites

      Well-maintained medical office suites in prime location, ready for occupancy.
      916-920 W Market St, Lima, OH 45805
      View Details
    • $13 SF/Yr
      1,470 SF

      Retail Space Near Lima Mall

      Retail spaces available near Lima Mall and Elida Road.
      902-914 N Cable Rd, Lima, OH 45805
      View Details
    • $9 SF/Yr
      4,500 SF

      Lima Retail Space Available

      Retail space available for lease in Lima, Ohio.
      2143-2161 Elida Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      14,565 SF

      Prime Lima Retail Space

      14,565 SF Vacant Rite Aid Building
      3230 Elm St, Lima, OH 45805
      View Details
    • Contact for pricing
      8,676 SF

      Cable Crossings Retail Space

      Prime Allen County Retail Opportunity
      902 Cable Rd, Lima, OH 45805
      View Details
    • $108 SF/Yr
      10,000 SF

      Prime Lima Retail Space

      10,000 SF Retail Building, High Traffic Area
      1945 Elida Rd, Lima, OH 45805
      View Details

    Property Visit Statistics

    • Visits by month
      11.8k
    • Visitors by month
      9.6k
    • Avg Time on site
      27 min
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    2179 Elida Rd
    Lima, OH 45805-1549
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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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