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    Property profile & analytics

    525 Nova St Lima, OH 45804-2552

    • Apartment buildings
    • 3,848 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 02, 2020
    Location Intelligence
    Property ID
    US66-0569164
    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

    • Apartment buildings

    Property Details for 525 Nova St

    Year built
    1941
    Lot size
    0.21 lot acres
    Property size
    3,848 SF
    Property type
    Apartment buildings
    APN
    47-0612-05-009.000
    APU
    47061205009000

    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
    -84.0982
    Latitude
    40.7176
    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
    $971
    $2,420
    $13,230
    $15,650
    -
    $6,900
    $37,800
    $44,700

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      Central Ave

      APARTMENT HOUSE (5+ UNITS) • 0.37 Acres
      Central Ave, Lima, OH 45804
      View Details
    • Value Estimation by Request
      2,375 SF

      300 9th St

      APARTMENT HOUSE (5+ UNITS) • 2,375 SF
      300 9th St, Lima, OH 45804-2489
      View Details
    • Value Estimation by Request
      2,375 SF

      305 9th St

      APARTMENT HOUSE (5+ UNITS) • 2,375 SF
      305 9th St, Lima, OH 45804-2483
      View Details
    • Value Estimation by Request
      3,848 SF

      509 Hope St

      APARTMENT HOUSE (5+ UNITS) • 3,848 SF
      509 Hope St, Lima, OH 45804-2543
      View Details
    • Value Estimation by Request
      3,848 SF

      516 Hope St

      APARTMENT HOUSE (5+ UNITS) • 3,848 SF
      516 Hope St, Lima, OH 45804-2544
      View Details
    • Value Estimation by Request
      3,848 SF

      541 Hope St

      APARTMENT HOUSE (5+ UNITS) • 3,848 SF
      541 Hope St, Lima, OH 45804-2543
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,840 SF

      Lima Retail Pharmacy - 14,840 SF

      Prime Lima location, high traffic, NNN lease.
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    • $385,000
      5.82 Acres

      5.82 AC Vacant Land Parcels

      5.82 acres in two parcels, zoned B-2 General Business.
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    • $1,400,000
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      Restaurant Building with High Traffic

      Well-maintained restaurant building on a 1.18-acre lot in Lima, OH.
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    • $1,090,000
      7,000 SF

      Lima Retail Property For Sale

      Retail property available for purchase in Lima, Ohio.
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    • $1,200,000
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      Harding Hwy Commercial Property

      Lima, OH retail investment opportunity.
      1703 Harding Hwy, Lima, OH 45804
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    • $1,200,000
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      Commercial Land in Lima, Ohio

      Commercial land available for sale in Lima, Ohio.
      1327 Bellefontaine Ave, Lima, OH 45804
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    Similar Nearby for Lease

    • $14 SF/Yr
      24,000 SF

      Eastgate Shopping Center Spaces

      Lima, OH retail spaces available
      2300 Harding Hwy, Lima, OH 45804
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    • $6,194 /Mo

      Versatile Industrial and Office Space

      Adaptable industrial and office space with ample rentable area.
      750 Buckeye Rd, Lima, OH 45804
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    • $15 SF/Yr
      30,000 SF

      Retail Space in Lima, Ohio

      Retail space available for lease on Lima's East side.
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    • $3,495,000
      23,089 SF

      Lima Truck Terminal and Warehouse

      12.37 acre property with two buildings and ample parking.
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    • Contact for pricing
      14,840 SF

      Lima Retail Space: 14,840 SF

      High-traffic retail building, prime location.
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    • Contact for pricing
      1,545 SF

      Warehouse Space with Rail Access

      348,342 SF warehouse with rail service available for lease.
      2050 N Sugar St, Lima, OH 45804
      View Details
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    525 Nova St
    Lima, OH 45804-2552
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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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