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    Property profile & analytics

    626 Main St Elida, OH 45807-1069

    • Turn key restaurants
    • 4,400 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US66-0643208
    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

    • The Olde Thyme Pantry / Deli / Food Products Supplier
    • Any Thyme Storage / Self-Storage Facility
    • Bulk Food & Candy / Store
    • Twice The Ice / Ice Supplier
    • Bountiful Blooms / Florist

    Property Details for 626 Main St

    Year built
    1981
    Lot size
    0.21 lot acres
    Property size
    4,400 SF
    Property type
    Turn key restaurants
    APN
    36-1708-04-001.000
    APU
    36170804001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $215,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $260,000
      Mixed-Use
      $260,000
      Hospitality
      $190,000
      Educational
      $220,000
      Residential Income
      $200,000
      Energy
      $225,000
      Income-Based Land
      $210,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Elida
    County
    Allen
    State
    Ohio
    Longitude
    -84.1912
    Latitude
    40.7825
    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
    $2,788
    $8,050
    $75,880
    $83,930
    -
    $23,000
    $216,800
    $239,800

    Comparable in this City

    • Value Estimation
      $195,000
      5,712 SF

      4000 Ee Rd

      RESTAURANT • 5,712 SF
      4000 Ee Rd, Lima, OH 45807-1529
      View Details
    • Value Estimation
      $400,000
      4,664 SF

      4411 Elida Rd

      RESTAURANT • 4,664 SF
      4411 Elida Rd, Lima, OH 45807-1149
      View Details
    • Value Estimation by Request
      0.21 Acres

      Main St

      RESTAURANT • 0.21 Acres
      Main St, Lima, OH 45807
      View Details
    • Value Estimation
      $345,000
      3,848 SF

      4457 Elida Rd

      RESTAURANT • 3,848 SF
      4457 Elida Rd, Lima, OH 45807
      View Details
    • Value Estimation
      $185,000
      3,570 SF

      430 Kiracofe Ave

      RESTAURANT • 3,570 SF
      430 Kiracofe Ave, Lima, OH 45807-1030
      View Details
    • Value Estimation
      $1,005,000
      7,804 SF

      2530 Eastown Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,804 SF
      2530 Eastown Rd, Lima, OH 45807-1600
      View Details

    Similar Nearby for Sale

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      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 overhead doors 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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    626 Main St
    Elida, OH 45807-1069
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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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