Property profile

3230 Elm St Lima, OH 45805

OFF-MARKET
Retail space
Property ID
US66-2817786
14,565 SF 2.06 ac lot Built 2008
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents a 14,565 square foot former Rite Aid building situated on a 2.06-acre lot in Lima, Ohio. Located at 3230 W Elm St, 45805, this single-tenant property offers significant potential for redevelopment or repurposing. The entire building is currently vacant, providing immediate occupancy for a new tenant. The substantial square footage and expansive land area offer flexibility for a variety of retail uses, potentially including but not limited to, grocery stores, pharmacies, or other large-format retail establishments. The property's prominent location along W Elm St ensures high visibility and accessibility for customers. Its strategic placement within Lima provides access to a substantial consumer base. This is a rare chance to acquire a sizable, well-located retail property in a growing market. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Lima area. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property is ready for immediate occupancy and offers a blank canvas for a new business venture. Detailed site plans and further information are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Total area 14,565 SF
Lot 2.06 ac (89,734 SF)
APN 36-3407-02-007.000
UPID US66-2817786

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Crypto Atm Atm
  • Pharmacy
  • Physician
  • Bank Credit Union

Location

3230 Elm St Lima, OH 45805-2519
Lima metro Census 10900 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$890k
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$410k

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2016
$44,180
2012
$3.1M
2007
$3.0M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.1M +68.5%
Office building $1.1M +59.1%
Commercial (general) $1.0M +50.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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