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Property profile & analytics
OFF-MARKET
Estimated value
$4,710,000
Retail properties & Spaces
2600 Elida Rd Lima, OH 45805-1208
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1917117
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1971
Total area
201,912 SF
Lot
15.05 ac (655,578 SF)
APN
36-2201-02-020.000
UPID
US66-1917117
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
-
Lazarus Cosmetics Estee Lauder Cosmetic Store
-
Macy's Locker Room by Lids (Bike/Boat/Book/etc) Store
-
Finish Line (located inside Macy's) Clothing Store Running Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$4.71M
Owner & transaction history
Target Corporation · 1 yrs held
Target Corporation
since 2025
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,745,000
ML approach
$4,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.71M
Range $4.24M – $5.18M · ±10% · vs last sale $4.50M (Jan 31 2025)
Last sale anchor
$4.50M
Jan 31 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
$23 / 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
$76,022
Tax year 2023
Assessed value
$955,120
Assessed 2023
Previous assessed
$955,120
+0.0% YoY
Effective rate
7.96%
On assessed value
Assessed land
$525,320
Assessed improvement
$429,800
Land market value
$1,500,900
Improvement market value
$1,228,000
Total market value
$2,728,900
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
Off-Market
Year built
1971
Heating
YES
Cooling
YES
Stories
1
Total area
201,912 SF
Lot
15.05 ac (655,578 SF)
APN
36-2201-02-020.000
UPID
US66-1917117
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
Building & site characteristics
From public records
Year built
1971
Heating
YES
Cooling
Yes
Stories
1
Lot
15.05 ac
Current owner
From public records · entity-resolved
Target Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
2600 ELIDA RD, LIMA, OH 45805-1208
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$4,500,000
Target Corporation
Lima Mall Realty Holding LLC
Deed
—
Jan 10, 2025
—
Lima Mall Realty Holding LLC
Lima Mall Realty Holding LLC
Special Warranty Deed
—
Apr 10, 2023
$12,000,000
Lima Mall Realty Holding LLC
Mall At Lima LLC
Limited Warranty Deed
$7,150,000 · Standard Insurance Co
Apr 10, 2023
—
Standard Insurance Company
Lima Mall Realty Holding LLC
Assignment Of Lease (leasehold Sale)
—
Oct 30, 2020
$3,000,000
Mall At Lima LLC
Macys Retail Hldgs INC
Grant Deed
—
Nov 26, 2018
—
Macys Retail Hldgs INC
Macys Retail Hldgs INC
Quit Claim Deed
related
—
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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