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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Assisted living facilities
651 Columbia Dr Lima, OH 45805-1879
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0204885
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Total area
11,990 SF
Lot
0.92 ac (40,119 SF)
APN
36-2610-03-016.000
UPID
US66-0204885
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
Current use
Occupant on record · Public records
-
Northwestern Commons Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Holdings Jv Sub Commercial II LLC · 2 yrs held
Holdings Jv Sub Commercial II LLC
since 2023
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+181.5%
Apartment house (5+ units)
$720,000
+153.9%
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
$490,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Change: +181% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$720,000
Change: +154% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $520k (Oct 19 2023)
Last sale anchor
$520k
Oct 19 2023
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
$42 / 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
$8,274
Tax year 2023
Assessed value
$154,560
Assessed 2023
Previous assessed
$154,560
+0.0% YoY
Effective rate
5.35%
On assessed value
Assessed land
$40,740
Assessed improvement
$113,820
Land market value
$116,400
Improvement market value
$325,200
Total market value
$441,600
Applied tax rate
206.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Heating
YES
Cooling
YES
Stories
1
Total area
11,990 SF
Lot
0.92 ac (40,119 SF)
APN
36-2610-03-016.000
UPID
US66-0204885
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
RETAIL STORES
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$720,000
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1964
Heating
YES
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Holdings Jv Sub Commercial II LLC
Entity
Mailing address
651 COLUMBIA DR, LIMA, OH 45805-1879
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Holdings Jv Sub Commercial II LLC
Capgrow Holdings Jv Sub Ix LLC
Quit Claim Deed
related
—
Nov 14, 2022
$520,000
Capgrow Holdings Jv Sub Ix LLC
Gulf Coast Partners LLC
Limited Warranty Deed
—
Feb 8, 2021
—
Gulf Coast Partners LLC
—
Deed
related
$3,475,125 · Premier Bank
Aug 20, 2020
$500,000
Gulf Coast Partners LLC
Development Corp
Warranty Deed
$400,000 · Richwood Bk
Jan 18, 2017
$405,000
University Of Northwestern Ohi
Kloppster Ents Ltd
Warranty Deed
—
Jul 6, 2005
$300,000
Kloppster Enterprises Ltd
Wayne Schofield
Warranty Deed
$315,000 · First National Bank In Bremen
May 16, 2003
$270,000
Schofield,wayne & Teresa
Beverly Enterprises Ohio INC
Grant Deed
$288,000 · Commercial Bk
—
—
Kloppster Ents Ltd
—
Deed Of Trust
related
$315,000 · Liberty National Bank
—
—
Kloppster Ents Ltd
—
Deed Of Trust
related
$307,915 · Superior Cu
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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