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    Property profile & analytics

    2720 Elida Rd Lima, OH 45805-1234

    • Community centers
    • 60,628 SF
    • 22.49 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 22, 2025
    Location Intelligence
    Property ID
    US66-2181464
    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

    • SVS Vision Optical Centers / Sunglasses Store / Eye Care Center
    • Five Below / Variety Store / Candy Store
    • Lima Center / Shopping Mall
    • Cato Fashions / Women'S Clothing Store
    • JOANN Fabric and Crafts / Sewing Shop / Bead Store

    Property Details for 2720 Elida Rd

    Year built
    1978
    Lot size
    22.49 lot acres
    Property size
    60,628 SF
    Property type
    Community centers
    APN
    36-2201-02-018.000
    APU
    36220102018000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1544
    Latitude
    40.7684
    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
    $212,426
    $628,110
    $2,749,180
    $3,377,290
    -
    $1,794,600
    $7,854,800
    $9,649,400

    Comparable in this City

    • Value Estimation
      $6,090,000
      106,705 SF

      2200 Allentown Rd

      MINI-MALL • 106,705 SF
      2200 Allentown Rd, Lima, OH 45805-1708
      View Details
    • Value Estimation
      $185,000
      1,744 SF

      2119 Spencerville Rd

      MINI-MALL • 1,744 SF
      2119 Spencerville Rd, Lima, OH 45805-3441
      View Details
    • Value Estimation
      $3,920,000
      12,096 SF

      3292 Elida Rd

      MINI-MALL • 12,096 SF
      3292 Elida Rd, Lima, OH 45805-1249
      View Details
    • Value Estimation
      $745,000
      45,165 SF

      2154 Elida Rd

      MINI-MALL • 45,165 SF
      2154 Elida Rd, Lima, OH 45805-1550
      View Details
    • Value Estimation
      $360,000
      9,075 SF

      2355 Elida Rd

      MINI-MALL • 9,075 SF
      2355 Elida Rd, Lima, OH 45805-1201
      View Details
    • Value Estimation
      $440,000
      8,088 SF

      2330 Elida Rd

      MINI-MALL • 8,088 SF
      2330 Elida Rd, Lima, OH 45805-1246
      View Details

    Similar Nearby for Sale

    • $2,400,000
      3,802 SF

      Dunkin's Diamonds Retail Investment

      High-return, long-term NNN lease.
      2298 Elida Rd, Lima, OH 45805
      View Details
    • $14,500,000
      237,605 SF

      Clocktower Plaza: Lima, OH Shopping Center

      High-traffic retail center, strong tenants, value-add opportunity.
      911 Cable Rd, Lima, 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
    • $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
    • $275,000
      4,733 SF

      Commercial Building in High Traffic Area

      Income-producing suites with development potential in a high-visibility location.
      1151 Shawnee Rd, Lima, OH 45805
      View Details
    • $725,000
      Pending

      Commercial Building and Land For Sale

      Commercial building and land available for purchase in Lima, Ohio.
      712 N Eastown Rd, Lima, OH 45805
      View Details

    Similar Nearby for Lease

    • $132 SF/Yr
      238,000 SF

      Clocktower Plaza: Lima Retail Space

      Prime Lima retail space, 238,000 sq ft available.
      927 Cable Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      7,306 SF

      Prime Lima Retail Space

      7,306 SF Strip Center, High Visibility
      924 Elm 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
    • 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
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    Lima, OH 45805-1234
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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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