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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail properties & Spaces
2620 Elida Rd Lima, OH 45805-1208
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-5334854
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2003
Total area
10,542 SF
Lot
2.17 ac (94,525 SF)
APN
36-2201-02-020.002
UPID
US66-5334854
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
-
Golden Corral Buffet & Grill Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$725k
Owner & transaction history
Hocking Ranch LLC · 7 yrs held
Hocking Ranch LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+68.5%
Office building
$785,000
+59.1%
Commercial (general)
$740,000
+50.6%
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%
$695,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
RETAIL STORES
$495,000
Current use
RESTAURANT
$830,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$785,000
Change: +59% · Conversion: Easy
COMMERCIAL (GENERAL)
$740,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$715,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$69 / 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
$20,020
Tax year 2023
Assessed value
$318,120
Assessed 2023
Previous assessed
$318,120
+0.0% YoY
Effective rate
6.29%
On assessed value
Assessed land
$75,850
Assessed improvement
$242,270
Land market value
$216,700
Improvement market value
$692,200
Total market value
$908,900
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
2003
Heating
YES
Cooling
YES
Stories
1
Total area
10,542 SF
Lot
2.17 ac (94,525 SF)
APN
36-2201-02-020.002
UPID
US66-5334854
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
$495,000
RESTAURANT
Est. value
$830,000
OFFICE BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$740,000
MEDICAL BUILDING
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL 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
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Hocking Ranch LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2620 ELIDA RD, LIMA, OH 45805-1208
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Mi2 LLC
—
Deed
related
$740,905 · Miscellaneous Ins Co
Apr 4, 2019
$714,300
Hocking Ranch LLC
Shoal Creek Center III LLC
Grant Deed
—
Feb 21, 2019
$1,139,900
Mi2 LLC
Macys Retail Hldgs INC
Grant Deed
—
—
—
Mi2 LLC
—
Deed Of Trust
related
$740,905 · Miscellaneous Ins Co
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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