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Property profile & analytics
OFF-MARKET
Estimated value
$5,460,000
Flex space
651 Commerce Pkwy, Lima, OH 45804-4033
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-2795875
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2009
Total area
87,483 SF
Lot
15.99 ac (696,524 SF)
APN
47-1800-01-006.000
UPID
US66-2795875
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
-
BEF Foods Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$5.46M
Owner & transaction history
Broadstone Bef Portfolio LLC · 10 yrs held
Broadstone Bef Portfolio LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+172.3%
Office building
$6.5M
+157.1%
Commercial (general)
$6.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,990,000
6.5%
$5,530,000
7%
$5,135,000
Alternative Use
Use
Estimation
RESTAURANT
$6,890,000
Change: +172% · Conversion: Difficult
OFFICE BUILDING
$6,505,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,160,000
Change: +143% · Conversion: Difficult
MEDICAL BUILDING
$5,945,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,530,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$5,055,000
Change: +100% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,305,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$5.46M
Range $4.91M – $6.01M · ±10%
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
$62 / 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
$164,198
Tax year 2023
Assessed value
$2,869,100
Assessed 2023
Previous assessed
$2,848,690
+0.7% YoY
Effective rate
5.72%
On assessed value
Assessed land
$180,290
Assessed improvement
$2,688,810
Land market value
$515,100
Improvement market value
$7,682,300
Total market value
$8,197,400
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
2009
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
87,483 SF
Lot
15.99 ac (696,524 SF)
APN
47-1800-01-006.000
UPID
US66-2795875
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
$6.9M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
RETAIL STORES
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.3M
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
2009
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
15.99 ac
Current owner
From public records · entity-resolved
Broadstone Bef Portfolio LLC
Entity
Free & Clear · 10 yrs held
Mailing address
651 COMMERCE PKWY, LIMA, OH 45804-4033
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2015
$25,284,000
Broadstone Bef Portfolio LLC
Bef Foods INC
Grant Deed
related
—
Dec 17, 2012
$300
State Of Ohio
Bef Foods INC
Warranty Deed
related
—
Aug 10, 2012
$4,890,600
Bef Foods INC
Kettle Creations LLC
Grant Deed
—
Nov 18, 2008
—
Kettle Creations LLC
Port Authority Of Allen County
Warranty Deed
related
—
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.
Try Rey
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