Realmo Analytics

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Property profile

501 N Cole St Lima, OH 45805

FOR SALE
Retail space
Property ID
US66-2600588
5,320 SF 0.11 ac lot Built 1920
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire the thriving Delight Cafe, a turnkey business located at 501 N Cole Street Unit 501, Lima, OH. The sale price of $199,900 includes not only the real estate but also all essential equipment, necessary licenses, the established business name, and valuable goodwill. This represents a significant advantage for a prospective buyer, eliminating the considerable time and expense associated with setting up a new business from scratch. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$26k
Assessed land$2k
Assessed improvement$24k
Effective rate5.18%

Value estimate

· Oct 2026
$225k
$203k – $248k
AI approach$270k
NOI build-up
Gross scheduled income$101k
Vacancy & credit loss−$5k
Operating expenses−$24k
NOI · 40.16% cap applied$72k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$47/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$27 – $75
Qualifying comparables5

Cap rate analysis

How does the asset earn?
40.16%
$72k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency15.0
Restaurant11.6
Electrical Service11.2

Location

501 N Cole St Lima, OH 45805
County assessor Recorded deeds · not on file 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4580 Spencerville, Lima, OH 45805-4216 $389,000 Jan 2026 5,360 SF
1710 Elida, Lima, OH 45805-1511 $1,470,000 Oct 2024 4,820 SF
939 Spg, Lima, OH 45805-3230 $155,000 May 2024 5,460 SF
2818 Elida, Lima, OH 45805-1248 $510,000 Jan 2024 5,600 SF
2133 Elida, Lima, OH 45805-1518 $450,000 Apr 2023 7,500 SF
1134 Wn, Lima, OH 45805-2462 $35,000 Jul 2021 3,834 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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