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    Property profile & analytics

    402 Broadway St Spencerville, OH 45887-1329

    • Office buildings
    • 2,220 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-0828628
    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

    • Office buildings

    Property Details for 402 Broadway St

    Year built
    1918
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    2,220 SF
    Property type
    Office buildings
    APN
    44-1210-08-012.000
    APU
    44121008012000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencerville
    County
    Allen
    State
    Ohio
    Longitude
    -84.3562
    Latitude
    40.704
    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
    $866
    $5,600
    $13,930
    $19,530
    -
    $16,000
    $39,800
    $55,800

    Comparable in this City

    • Value Estimation by Request
      1,364 SF

      5539 Swartz Rd

      OFFICE BUILDING • 1,364 SF
      5539 Swartz Rd, Spencerville, OH 45887
      View Details
    • Value Estimation by Request
      912 SF

      101 Elizabeth St

      OFFICE BUILDING (MULTI-STORY) • 912 SF
      101 Elizabeth St, Spencerville, OH 45887
      View Details
    • Value Estimation by Request
      972 SF

      105 Broadway St

      OFFICE BUILDING (MULTI-STORY) • 972 SF
      105 Broadway St, Spencerville, OH 45887-1264
      View Details
    • Value Estimation
      $115,000
      2,016 SF

      201 Broadway St

      MEDICAL BUILDING • 2,016 SF
      201 Broadway St, Spencerville, OH 45887-1290
      View Details
    • Value Estimation
      $55,000
      2,992 SF

      119 Broadway St

      MEDICAL BUILDING • 2,992 SF
      119 Broadway St, Spencerville, OH 45887-1266
      View Details
    • Value Estimation
      $205,000
      4,498 SF

      424 4th St

      MEDICAL BUILDING • 4,498 SF
      424 4th St, Spencerville, OH 45887-1210
      View Details

    Similar Nearby for Sale

    • $54,000

      2.01 Acres Near Spencerville

      2.01 acre lot, partially wooded, creek, ideal home site.
      00 Kleinoeder Rd, Spencerville, OH 45887
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    • New
      Contact for pricing
      0.31 Acres

      Residential Land in Spencerville, OH

      Land available for building a home in Spencerville, Ohio.
      421 W 4Th St, Spencerville, OH 45887
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    • New
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      Pending

      Spencerville, OH Land Opportunity

      Residential property requiring renovation on a corner lot.
      123 Oakland Ave, Spencerville, OH 45887
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    • New
      Contact for pricing
      0.31 Acres

      Residential Lot in Spencerville, OH

      Building lot with city utilities in Spencerville School District.
      417 W 4Th St, Spencerville, OH 45887
      View Details
    • New
      $38,000
      0.55 Acres

      Residential Land in Edge Brook Estates

      Building lot in Edge Brook Estates Subdivision with city utilities.
      433 W 4Th St, Spencerville, OH 45887
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    402 Broadway St
    Spencerville, OH 45887-1329
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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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