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Property profile & analytics
OFF-MARKET
Estimated value
$12,070,000
Apartment buildings
790 Main St, Lima, OH 45804-1565
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-2242396
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
152,658 SF
Lot
2.58 ac (112,515 SF)
APN
47-0606-08-043.000
UPID
US66-2242396
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
-
Lima towers apt Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.01M
Blend (final)
Blend
$12.07M
Owner & transaction history
Toledo-lucas County Port Authority
Toledo-lucas County Port Authority
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.0M
+24.6%
Office building
$11.4M
+17.6%
Commercial (general)
$10.8M
+11.4%
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
$12,100,000
ML approach
$12,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,650,000
Current use
RESTAURANT
$12,020,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$11,350,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,750,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$10,375,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$8,825,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.07M
Range $10.86M – $13.28M · ±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
$79 / 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
$50,249
Tax year 2023
Assessed value
$987,910
Assessed 2023
Previous assessed
$987,910
+0.0% YoY
Effective rate
5.09%
On assessed value
Assessed land
$171,290
Assessed improvement
$816,620
Land market value
$489,400
Improvement market value
$2,333,200
Total market value
$2,822,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Stories
1
Total area
152,658 SF
Lot
2.58 ac (112,515 SF)
APN
47-0606-08-043.000
UPID
US66-2242396
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.7M
RESTAURANT
Est. value
$12.0M
OFFICE BUILDING
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.4M
RETAIL STORES
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1976
Heating
FORCED AIR
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Toledo-lucas County Port Authority
Entity
Mailing address
6 S GREENE ST APT #600, NEW YORK, NY 10013-5817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 7, 2026
—
Toledo-lucas County Port Authority
Lima Towers Acquisition LP
Deed
$17,924,000 · Us Bank Trust Company National Associati
Apr 7, 2025
—
Spectrum Mid-america LLC
Lima Towers Ltd
Deed
—
Sep 23, 2024
$12,100,000
Lima Towers Acquisition LP
Lima Towers Ltd
Warranty Deed
$10,967,000 · Walker & Dunlop LLC
Sep 23, 2024
—
Lima Towers Acquisition LP
Lima Towers Acquisition LP
Quit Claim 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.
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