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    Property profile & analytics

    490 2nd St Coldwater, OH 45828-1861

    • Turn key restaurants
    • 2,189 SF
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Apr 06, 2022
    Location Intelligence
    Property ID
    US66-3241123
    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

    • Southside Restaurant / Restaurant / Bar

    Property Details for 490 2nd St

    Year built
    1951
    Property size
    2,189 SF
    Property type
    Turn key restaurants
    APN
    08-33-278-002
    APU
    833278002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Mercer
    State
    Ohio
    Longitude
    -84.6291
    Latitude
    40.4749
    CBSA code
    16380
    CBSA name
    CELINA, OH MICROPOLITAN 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
    $1,606
    $3,300
    $29,240
    $32,540
    -
    $9,430
    $83,530
    $92,960

    Comparable in this City

    • Value Estimation by Request
      3,066 SF

      222 Main St

      RESTAURANT • 3,066 SF
      222 Main St, Coldwater, OH 45828-1778
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    • Value Estimation by Request
      2,521 SF

      102 Main St

      RESTAURANT • 2,521 SF
      102 Main St, Coldwater, OH 45828-1701
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    • Value Estimation
      $300,000
      3,492 SF

      3839 Philothea Rd

      RESTAURANT • 3,492 SF
      3839 Philothea Rd, Coldwater, OH 45828-9757
      View Details
    • Value Estimation
      $180,000
      1,984 SF

      626 2nd St

      RESTAURANT • 1,984 SF
      626 2nd St, Coldwater, OH 45828-9603
      View Details
    • Value Estimation
      $200,000
      1,276 SF

      300 Sycamore St

      RESTAURANT • 1,276 SF
      300 Sycamore St, Coldwater, OH 45828-1638
      View Details
    • Value Estimation
      $430,000
      3,036 SF

      120 Ter Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,036 SF
      120 Ter Ave, Coldwater, OH 45828-1517
      View Details

    Similar Nearby for Sale

    • $370,000
      8,148 SF

      Established Floral Business Opportunity

      Well-maintained commercial building with established floral business for sale.
      101 W Main St, Coldwater, OH 45828
      View Details
    • $394,900
      8,148 SF

      Downtown Coldwater Commercial Building

      Established Business, Prime Location, High Potential
      101 Main St, Coldwater, OH 45828
      View Details
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    490 2nd St
    Coldwater, OH 45828-1861
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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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