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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Medical Office Space
260 Eastown Rd, Lima, OH 45807-2200
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1620883
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
7,953 SF
Lot
1.85 ac (80,586 SF)
APN
36-3301-07-018.002
UPID
US66-1620883
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
-
Dr. Thomas L. Ahman, DDS Dental Office
-
Dr. Joseph L. Janowski, DDS Dental Office
-
Orthodontic Associates Dental Office
-
Dr. Matthew C. Mayers, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$835k
Owner & transaction history
Lima Professional Building Co · 10 yrs held
Lima Professional Building Co
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$625,000
+15.9%
Office building
$590,000
+9.4%
Commercial (general)
$560,000
+3.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
RESTAURANT
$625,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$560,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$505,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$105 / 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
$26,722
Tax year 2023
Assessed value
$432,570
Assessed 2023
Previous assessed
$432,570
+0.0% YoY
Effective rate
6.18%
On assessed value
Assessed land
$68,740
Assessed improvement
$363,830
Land market value
$196,400
Improvement market value
$1,039,500
Total market value
$1,235,900
Applied tax rate
208.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
1
Total area
7,953 SF
Lot
1.85 ac (80,586 SF)
APN
36-3301-07-018.002
UPID
US66-1620883
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
MEDICAL BUILDING Current
Est. value
$540,000
RESTAURANT
Est. value
$625,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$505,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
YES
Cooling
Yes
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Lima Professional Building Co
Entity
Mailing address
260 S EASTOWN RD, LIMA, OH 45807-2200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2016
—
Lima Professional Building Co
—
Deed
related
$500,000 · Old Fort Bkng
—
—
Lima Professional Bldg Co LLC
—
Deed Of Trust
related
$1,163,139 · Old Fort Banking Co
—
—
Lima Professional Building Co
—
Deed Of Trust
related
$500,000 · Old Fort Bkng
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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