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    Property profile & analytics

    4511 Elida Rd Lima, OH 45807-1151

    • Warehouses
    • 27,540 SF
    • 6.12 lot acres
    OFF-MARKET
    Value Estimation
    $2,835,000
    Last Sale
    Sep 23, 2021
    $3,000,000
    Location Intelligence
    Property ID
    US66-0569148
    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

    • Taylor Glass Co / Door Supplier
    • All Service Glass / Shower Door Shop / Window Installation Service
    • Midwestern Architectural Inc / Door Supplier

    Property Details for 4511 Elida Rd

    Year built
    1997
    Lot size
    6.12 lot acres
    Property size
    27,540 SF
    Property type
    Warehouses
    APN
    36-1701-01-004.000
    APU
    36170101004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,710,000
      6.5%
      $2,940,000
      7%
      $3,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,295,000
      Geo Method
      $3,055,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,265,000
      Retail
      $2,680,000
      Mixed-Use
      $2,750,000
      Hospitality
      $2,995,000
      Educational
      $2,945,000
      Residential Income
      $2,510,000
      Energy
      $2,905,000
      Income-Based Land
      $2,675,000
      Food Service
      $3,190,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1875
    Latitude
    40.78
    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
    $31,340
    $87,820
    $407,190
    $495,010
    -
    $250,900
    $1,163,400
    $1,414,300

    Comparable in this City

    • Value Estimation by Request
      1,640 SF

      114 Ward St

      WAREHOUSE, STORAGE • 1,640 SF
      114 Ward St, Elida, OH 45807
      View Details
    • Value Estimation
      $75,000
      0.60 Acres

      209 Greenlawn Ave

      WAREHOUSE, STORAGE • 0.60 Acres
      209 Greenlawn Ave, Lima, OH 45807-1339
      View Details
    • Value Estimation by Request
      2,700 SF

      216 Kiracofe Ave

      WAREHOUSE, STORAGE • 2,700 SF
      216 Kiracofe Ave, Lima, OH 45807-1026
      View Details
    • Value Estimation by Request
      7,500 SF

      2150 Baty Rd

      WAREHOUSE, STORAGE • 7,500 SF
      2150 Baty Rd, Lima, OH 45807-1957
      View Details
    • Value Estimation
      $210,000
      4,000 SF

      Kiracofe Ave

      WAREHOUSE, STORAGE • 4,000 SF
      Kiracofe Ave, Lima, OH 45807
      View Details
    • Value Estimation by Request
      3,000 SF

      1870 Baty Rd

      WAREHOUSE, STORAGE • 3,000 SF
      1870 Baty Rd, Lima, OH 45807
      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
      View Details
    • New
      $120,000
      Pending

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      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
      700 SF

      43-Unit Condo Complex Investment

      Established income property in Lima, near amenities and major highways.
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    Similar Nearby for Lease

    • $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
    • $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
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    4511 Elida Rd
    Lima, OH 45807-1151
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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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