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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3535 Saint Johns Rd Lima, OH 45804-4016

    • Warehouses
    • 57,088 SF
    • 3.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 29, 2025
    $3,400,000
    Value Estimations
    $2,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2449516
    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

    • Warehouses

    Property Details for 3535 Saint Johns Rd

    Year built
    1973
    Lot size
    3.16 lot acres
    Property size
    57,088 SF
    Property type
    Warehouses
    APN
    47-1700-03-006.000
    APU
    47170003006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,015,000
      ML approach
      $2,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,792,000
      Market price range: $781k - $3.15M
      AI Estimate
      $2,567,000
      Market price range: $1.08M - $3.00M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,030,000
      Current use
      RESTAURANT
      $4,495,000
      Change: +121% Conversion: Difficult
      OFFICE BUILDING
      $4,245,000
      Change: +109% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,020,000
      Change: +98% Conversion: Difficult
      MEDICAL BUILDING
      $3,880,000
      Change: +91% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,610,000
      Change: +78% Conversion: Difficult
      RETAIL STORES
      $3,300,000
      Change: +62% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,810,000
      Change: +38% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0889
    Latitude
    40.6901
    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
    $34,666
    $28,770
    $612,120
    $640,890
    -
    $82,200
    $1,748,900
    $1,831,100

    Comparable in this City

    • Value Estimation by Request
      2.33 Acres

      Industry Ave

      WAREHOUSE, STORAGE • 2.33 Acres
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    • Value Estimation by Request
      4,500 SF

      1867 Dixie Hwy

      WAREHOUSE, STORAGE • 4,500 SF
      1867 Dixie Hwy, Lima, OH 45804-1835
      View Details
    • Value Estimation
      $1,500,000
      47,368 SF

      701 Vine St

      WAREHOUSE, STORAGE • 47,368 SF
      701 Vine St, Lima, OH 45804
      View Details
    • Value Estimation by Request
      12,250 SF

      151 Eastom Cir

      WAREHOUSE, STORAGE • 12,250 SF
      151 Eastom Cir, Lima, OH 45804-4001
      View Details
    • Value Estimation by Request
      10,272 SF

      950 Industry Ave

      WAREHOUSE, STORAGE • 10,272 SF
      950 Industry Ave, Lima, OH 45804-4170
      View Details
    • Value Estimation
      $1,680,000
      32,400 SF

      1797 4th St

      WAREHOUSE, STORAGE • 32,400 SF
      1797 4th St, Lima, OH 45804-2713
      View Details

    Similar Nearby for Sale

    • $3,495,000
      61,154 SF

      Lima Truck Terminal and Warehouse

      12.37 acre property with two buildings and ample parking.
      3456 Saint Johns Rd, Lima, OH 45804
      View Details
    • $1,200,000
      35,794 SF

      Industrial Property with Multiple Buildings

      Industrial property featuring four buildings, ample parking, and public utilities.
      2395 Saint Johns Rd, Lima, OH 45804
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    • $150,000
      3,150 SF

      Industrial Building - Lima, OH

      Spacious industrial space, updated utilities, great location.
      170 Perry St, Lima, OH 45804
      View Details
    • $70,000

      Metal Pole Barn Near Lincoln Park

      Metal pole barn suitable for auto shop or retail use.
      170 S Perry St, Lima, OH 45804
      View Details
    • $385,000
      5.82 Acres

      5.82 AC Vacant Land Parcels

      5.82 acres in two parcels, zoned B-2 General Business.
      Harding Hwy, Lima, OH 45804
      View Details
    • Contact for pricing
      14,840 SF

      Lima Retail Property with Drive-Thru

      Freestanding retail property with drive-thru, prime visibility, and easy access.
      1415 Bellefontaine Ave, Lima, OH 45804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,928 SF

      Warehouse Space with Rail Access

      348,342 SF warehouse with rail service available for lease.
      2050 N Sugar St, Lima, OH 45804
      View Details
    • $6,194 /Mo

      Versatile Commercial Space in Lima

      Over 300,000 sq ft of rentable office and industrial space.
      750 Buckeye Rd, Lima, OH 45804
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease featuring ample power and offices.
      1010 E High St, Lima, OH 45804
      View Details
    • $4,000 /Mo
      5,851 SF

      Lima Commercial Office and Industrial Space

      7,000 SF commercial building with office and workshop space for lease.
      1359 Hanthorn Rd Unit, Lima, OH 45804
      View Details
    • $6 SF/Yr
      6,720 SF

      Lima Warehouse Space Available

      6,720 SF warehouse space for lease in Lima, Ohio.
      960 Industry Ave, Lima, OH 45804
      View Details
    • $4,000 /Mo
      6,000 SF

      Industrial Warehouse Near Interstate 75

      6,000 SF warehouse with flexible options near I-75.
      1359 Hanthorn Rd, Lima, OH 45804
      View Details
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    Lima, OH 45804-4016
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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