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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Community centers
3292 Elida Rd Lima, OH 45805-1249
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-3112486
Property summary
AI-generated overview
This exceptional 0.76-acre commercial land parcel presents a unique ground lease opportunity in Allen County. Ideally situated near the intersection of Elida Road and Eastown Road, this site benefits from exceptional visibility and high traffic counts, boasting over 13,600 average vehicles per day (VPD) on Elida Road and over 8,300 VPD on Eastown Road. The property is conveniently located adjacent to a vibrant retail center featuring established businesses such as Chipotle, Five Guys, Verizon, and Aspen Dental, ensuring strong co-tenancy and increased customer traffic. This Meijer-anchored location offers a stable and attractive investment opportunity. The site is suitable for the construction of a building approximately 2,500 square feet, making it perfect for a variety of retail uses. This single-tenant opportunity provides a strong foundation for a successful business venture. The property's prime location and high traffic volume make it an exceptional investment prospect. Don't miss this chance to secure a highly visible and desirable retail location in a thriving commercial area. The site is zoned for commercial use and is ready for development. Further details are available upon request.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2010
Total area
12,096 SF
Lot
2.03 ac (88,427 SF)
APN
36-2202-02-016.002
UPID
US66-3112486
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
-
Aspen Dental - Lima, OH Dental Office
-
Froning Geoffrey M DDS Dental Office
-
Tippi Reddy Surender R DDS Dental Office
-
Yu Ming DDS Dental Office
-
Jinbo Chung Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.99M
Owner & transaction history
Elida Eastown Ventures LLC · 4 yrs held
Elida Eastown Ventures LLC
since 2022
Last sale
$4.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,745,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$2,740,000
6.5%
$2,525,000
7%
$2,345,000
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±10% · vs last sale $4.20M (Jan 24 2022)
Last sale anchor
$4.20M
Jan 24 2022
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
$329 / 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
$59,436
Tax year 2023
Assessed value
$945,000
Assessed 2023
Previous assessed
$945,000
+0.0% YoY
Effective rate
6.29%
On assessed value
Assessed land
$85,260
Assessed improvement
$859,740
Land market value
$243,600
Improvement market value
$2,456,400
Total market value
$2,700,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
1
Total area
12,096 SF
Lot
2.03 ac (88,427 SF)
APN
36-2202-02-016.002
UPID
US66-3112486
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
Building & site characteristics
From public records
Year built
2010
Heating
YES
Cooling
Yes
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Elida Eastown Ventures LLC
Entity
Mailing address
3292 ELIDA RD, LIMA, OH 45805-1249
Ownership since
2022
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 24, 2022
$4,200,000
Elida Eastown Ventures LLC
Mgr 227 LLC
Limited Warranty Deed
$2,520,000 · Commercial Loan Operations
Dec 31, 2012
$3,000,000
Mgr 227 LLC
Hendricks Commercial Props LLC
Grant Deed
$1,700,000 · First Financial Bank NA
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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