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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
2818 Elida Rd Lima, OH 45805-1248
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0572313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
5,600 SF
Lot
0.76 ac (32,888 SF)
APN
36-2202-01-016.000
UPID
US66-0572313
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
-
Hesseling and Sons General Contractor
-
Chronix Holistic Supply Specialty Food Shop
-
DG Vaping (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$340k
Comparable Approach
Comparable
$422k
Blend (final)
Blend
$510k
Owner & transaction history
Geise Empire LLC · 2 yrs held
Geise Empire LLC
since 2024
Last sale
$510,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$440,000
+68.5%
Office building
$415,000
+59.1%
Commercial (general)
$395,000
+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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$370,000
6.5%
$340,000
7%
$315,000
Alternative Use
Use
Estimation
RESTAURANT
$440,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$415,000
Change: +59% · Conversion: Easy
COMMERCIAL (GENERAL)
$395,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$380,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$355,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Jan 18 2024)
Last sale anchor
$510k
Jan 18 2024
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
$91 / 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
$7,313
Tax year 2023
Assessed value
$116,030
Assessed 2023
Previous assessed
$116,030
+0.0% YoY
Effective rate
6.30%
On assessed value
Assessed land
$75,390
Assessed improvement
$40,640
Land market value
$215,400
Improvement market value
$116,100
Total market value
$331,500
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Stories
1
Total area
5,600 SF
Lot
0.76 ac (32,888 SF)
APN
36-2202-01-016.000
UPID
US66-0572313
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
RESTAURANT
Est. value
$440,000
OFFICE BUILDING
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$395,000
MEDICAL BUILDING
Est. value
$380,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$355,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1966
Heating
YES
Cooling
Yes
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Geise Empire LLC
Entity
Mailing address
19461 RD R R, FORT JENNINGS, OH 45844-9101
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$510,000
Geise Empire LLC
Team Ten Investments INC
Warranty Deed
$408,000 · The Fort Jennings State Bank
May 8, 2009
$19,331
Department Of Transportation
Team Ten Investments INC
Warranty Deed
—
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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