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    Property profile & analytics

    305 Main St Ottawa, OH 45875-1725

    • Commercial real estate
    • 11,740 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    May 11, 2025
    Location Intelligence
    Property ID
    US66-4604128
    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

    • Commercial real estate

    Property Details for 305 Main St

    Year built
    1999
    Construction
    CONCRETE BLOCKS
    Property size
    11,740 SF
    Property type
    Commercial real estate
    APN
    32-009100.0000
    APU
    320091000000

    Description

    This freestanding, 11,300 square foot former Rite Aid pharmacy in Ottawa, Ohio, is available for sale, lease, or ground lease. Situated on a 0.99-acre lot at 305 W Main St, 45875, this property boasts over 255 linear feet of frontage on W. Main Street and 165 linear feet on N. Elm Street, benefiting from over 16,200 vehicles passing daily. Its central location offers premier visibility and accessibility within the corridor, surrounded by residential areas. The building underwent a recent "Wellness Remodel" by Rite Aid, resulting in a significantly updated interior. Furthermore, the roof was recently improved in 2022 as part of a sale-leaseback transaction. The property includes a double-lane drive-thru, adding to its convenience and appeal. This presents a unique opportunity for a variety of retail uses. The net rentable square footage is 11,325 square feet. The asking price is $1,650,000.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Putnam
    State
    Ohio
    Longitude
    -84.0506
    Latitude
    41.0188

    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
    $6,994
    $25,890
    $138,350
    $164,240
    -
    $73,970
    $395,290
    $469,260

    Comparable in this City

    • Value Estimation by Request

      146 Main St

      COMMERCIAL (GENERAL)
      146 Main St, Ottawa, OH 45875-1722
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      1,240 SF

      250 Main St

      COMMERCIAL (GENERAL) • 1,240 SF
      250 Main St, Ottawa, OH 45875-1944
      View Details
    • Value Estimation by Request

      116 Main St

      COMMERCIAL (GENERAL)
      116 Main St, Ottawa, OH 45875-1722
      View Details
    • Value Estimation by Request

      234 4th St

      COMMERCIAL (GENERAL)
      234 4th St, Ottawa, OH 45875
      View Details
    • Value Estimation
      $220,000
      2.31 Acres

      Us 224

      COMMERCIAL (GENERAL) • 2.31 Acres
      Us 224, Ottawa, OH 45875
      View Details
    • Value Estimation
      $65,000

      211 Main St

      COMMERCIAL (GENERAL)
      211 Main St, Ottawa, OH 45875-1943
      View Details

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    305 Main St
    Ottawa, OH 45875-1725
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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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