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Property profile & analytics
OFF-MARKET
Estimated value
$9,355,000
Flex space
571 Commerce Pkwy Lima, OH 45804-4010
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-5582150
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Total area
100,000 SF
Lot
15.93 ac (693,911 SF)
APN
47-1800-02-011.002
UPID
US66-5582150
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.99M
CAP Approach
CAP
$6.32M
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$9.36M
Owner & transaction history
571 Commerce Holding LLC · 5 yrs held
571 Commerce Holding LLC
since 2021
Last sale
$10.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+172.3%
Office building
$7.4M
+157.1%
Commercial (general)
$7.0M
+143.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lima submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,355,000
ML approach
$7,990,000
CAP Approach
CAP Return
Estimation
6%
$6,850,000
6.5%
$6,320,000
7%
$5,870,000
Alternative Use
Use
Estimation
RESTAURANT
$7,875,000
Change: +172% · Conversion: Difficult
OFFICE BUILDING
$7,435,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,040,000
Change: +143% · Conversion: Difficult
MEDICAL BUILDING
$6,795,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,320,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$5,780,000
Change: +100% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,920,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$9.36M
Range $8.42M – $10.29M · ±10% · vs last sale $10.65M (Jul 28 2021)
Last sale anchor
$10.65M
Jul 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,326
Tax year 2023
Assessed value
$1,944,670
Assessed 2023
Previous assessed
$1,944,670
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$102,830
Assessed improvement
$1,841,840
Land market value
$293,800
Improvement market value
$5,262,400
Total market value
$5,556,200
Applied tax rate
207.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2020
Stories
1
Total area
100,000 SF
Lot
15.93 ac (693,911 SF)
APN
47-1800-02-011.002
UPID
US66-5582150
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Stories
1
Lot
15.93 ac
Current owner
From public records · entity-resolved
571 Commerce Holding LLC
Entity
Mailing address
571 COMMERCE PKWY, LIMA, OH 45804-4010
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
571 Commerce Holding LLC
—
Deed
related
$29,328,000 · Vast Bank NA
Jul 28, 2021
$10,650,000
571 Commerce Holding LLC
Lima Commerce Parkway LLC
Limited Warranty Deed
$12,000,000 · Cibc Bank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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