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    Property profile & analytics

    3500 Elida Rd Lima, OH 45807-1537

    • Automotive properties
    • 26,677 SF
    • 10.96 lot acres
    OFF-MARKET
    Value Estimation
    $6,360,000
    Last Sale
    Mar 10, 2020
    $7,000,000
    Location Intelligence
    Property ID
    US66-3834321
    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

    • White's Honda Toyota of Lima / Car Dealer / Auto Parts Store
    • White's Honda Service / Auto Repair Shop
    • White's Honda Parts / Auto Repair Shop / Auto Parts Store
    • White's Toyota of Lima / Toyota Dealer / Auto Parts Store
    • White's Honda of Lima / Auto Parts Store / Auto Repair Shop

    Property Details for 3500 Elida Rd

    Year built
    1996
    Lot size
    10.96 lot acres
    Property size
    26,677 SF
    Property type
    Automotive properties
    APN
    36-2100-01-003.000
    APU
    36210001003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,310,000
      6.5%
      $7,345,000
      7%
      $7,480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,890,000
      Geo Method
      $6,235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,635,000
      Retail
      $6,155,000
      Mixed-Use
      $7,755,000
      Hospitality
      $6,900,000
      Educational
      $7,625,000
      Residential Income
      $6,660,000
      Energy
      $6,140,000
      Income-Based Land
      $5,960,000
      Food Service
      $5,970,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1689
    Latitude
    40.7737
    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
    $112,880
    $315,880
    $1,478,680
    $1,794,560
    -
    $902,500
    $4,224,800
    $5,127,300

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      120 Kiracofe Ave

      VEHICLE SALES, RENTALS • 0.17 Acres
      120 Kiracofe Ave, Lima, OH 45807
      View Details
    • Value Estimation by Request
      728 SF

      Elida Rd

      VEHICLE SALES, RENTALS • 728 SF
      Elida Rd, Lima, OH 45807
      View Details
    • Value Estimation
      $300,000
      2,400 SF

      205 Main St

      VEHICLE SALES, RENTALS • 2,400 SF
      205 Main St, Elida, OH 45807-1052
      View Details
    • Value Estimation
      $535,000
      23,372 SF

      4150 Elida Rd

      VEHICLE SALES, RENTALS • 23,372 SF
      4150 Elida Rd, Lima, OH 45807-1548
      View Details
    • Value Estimation
      $210,000
      4,750 SF

      6190 Elida Rd

      VEHICLE SALES, RENTALS • 4,750 SF
      6190 Elida Rd, Lima, OH 45807-9453
      View Details
    • Value Estimation
      $1,485,000
      42,272 SF

      2200 Cable Rd, Unit 2226

      VEHICLE SALES, RENTALS • 42,272 SF
      2200 Cable Rd, Lima, OH 45807-1792
      View Details

    Similar Nearby for Sale

    • $650,000

      Prime Lima Commercial Property

      5.3 Acres, High Traffic Location
      4181-4191 Elida Rd, Lima, OH 45807
      View Details
    • $599,000
      8,448 SF

      Commercial Building and Single Home

      Commercial building and home on 5.3 acres in high-traffic area.
      4181-4191 Elida Rd, Lima, OH 45807
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    • $225,000
      3.70 Acres

      Prime Building Lot in Lima

      3.7 acre building lot with utilities available in Lima, OH.
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    • $3,500,000
      700 SF

      43-Unit Condo Complex Investment

      Established income property in Lima, near amenities and major highways.
      2275 N Cable Rd, Lima, OH 45807
      View Details
    • New
      $120,000
      Pending

      11 Acre Recreational Land

      11 acres with Quonset building near Lima, Ohio.
      Dixie Hwy N, Lima, OH 45807
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    • $225,000
      1,296 SF

      Commercial Land on Eastown Road

      Commercial property on Eastown Road with B-1 business zoning.
      2120 N Eastown Rd, Lima, OH 45807
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    Similar Nearby for Lease

    • $15 SF/Yr
      1,445 SF

      Lima Office Space Available

      Office space available for lease in Lima, Ohio.
      3650 Allentown Rd, Lima, OH 45807
      View Details
    • $2,500 /Mo
      1 SF

      Commercial Building Near Elida Road

      2100 SF shop space with office and parking.
      3840 Elida Rd. Rear, Lima, OH 45807
      View Details
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    3500 Elida Rd
    Lima, OH 45807-1537
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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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