3819 Shawnee Rd Lima, OH 45806-1620
Property profile & analytics
3819 Shawnee Rd Lima, OH 45806-1620
- Retail space
- 9,100 SF
- 1.13 lot acres
Property ID
US66-1754262
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.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
Property Details for 3819 Shawnee Rd
- Year built
- 2007
- Lot size
- 1.13 lot acres
- Property size
- 9,100 SF
- Property type
- Retail space
- APN
- 46-2205-03-011.001
- APU
- 46220503011001
Description
This fee-simple retail property in Lima, Ohio, offers a compelling investment opportunity. The 9,100 square-foot storefront is leased to Dollar General, a national retailer with a BBB (S&P) investment-grade credit rating and a market capitalization exceeding $20 billion. The property, located at 3819 Shawnee Rd, benefits from a high-traffic location with approximately 14,532 vehicles per day (VPD) and proximity to I-75 (approximately 38,892 VPD). The current lease, a Net Net (NN) agreement, has a remaining term of five years with two five-year options, expiring September 30, 2029. Dollar General recently exercised an early five-year lease extension, showcasing their commitment to this location. The property sits on a 1.13-acre lot and was built in 2007. The asking price is $792,565, representing an attractive 8.50% cap rate with a current Net Operating Income (NOI) of $67,368. Lima, the largest city in Allen County, boasts a population of approximately 45,053 within a five-mile radius. This investment presents a stable, high-return opportunity anchored by a financially strong and essential retailer.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $600,000
- 6.5%
- $555,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $748,000
- AI Estimate
- $959,000
Market price range: $250k - $829kMarket price range: $250k - $988k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $525,000 Current use
- RESTAURANT
- $715,000 Change: +36% Conversion: Easy
- OFFICE BUILDING
- $675,000 Change: +29% Conversion: Easy
- COMMERCIAL (GENERAL)
- $640,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $620,000 Change: +18% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $575,000 Change: +9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1507
- Latitude
- 40.6843
- 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
$10,971
$5,320
$146,620
$151,940
-
$15,200
$418,900
$434,100
