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    Property profile & analytics

    4240 Elida Rd Lima, OH 45807-1550

    • Auto shops
    • 6,205 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 06, 2023
    Location Intelligence
    Property ID
    US66-1139419
    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

    • Lima Signs Graphics & Designs / Sign Shop
    • Elida Road Tire Service LLC / Auto Repair Shop / Auto Tune Up Service
    • Intoxalock Ignition Interlock / Auto Electrical Service / Car Inspection Station

    Property Details for 4240 Elida Rd

    Year built
    2000
    Lot size
    1.10 lot acres
    Property size
    6,205 SF
    Property type
    Auto shops
    APN
    36-1603-01-016.000
    APU
    36160301016000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1817
    Latitude
    40.7792
    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
    $7,696
    $22,330
    $99,610
    $121,940
    -
    $63,800
    $284,600
    $348,400

    Comparable in this City

    • Value Estimation by Request
      1.76 Acres

      5985 Rdg Rd

      AUTO REPAIR, GARAGE • 1.76 Acres
      5985 Rdg Rd, Lima, OH 45807-9775
      View Details
    • Value Estimation
      $270,000
      6,000 SF

      4330 Ee Rd

      AUTO REPAIR, GARAGE • 6,000 SF
      4330 Ee Rd, Lima, OH 45807-1535
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    • Value Estimation by Request
      1,438 SF

      2285 Eastown Rd

      Automotive properties • 1,438 SF
      2285 Eastown Rd, Lima, OH 45807
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    • Value Estimation
      $225,000
      2,300 SF

      3960 Ee Rd

      AUTO REPAIR, GARAGE • 2,300 SF
      3960 Ee Rd, Lima, OH 45807-1527
      View Details
    • Value Estimation
      $350,000
      5,000 SF

      2480 Baty Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      2480 Baty Rd, Lima, OH 45807
      View Details
    • Value Estimation by Request
      2,400 SF

      5484 Dutch Holw Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      5484 Dutch Holw Rd, Lima, OH 45807-9799
      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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    • 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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    • $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
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      43-Unit Condo Complex Investment

      Established income property in Lima, near amenities and major highways.
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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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    4240 Elida Rd
    Lima, OH 45807-1550
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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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