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    Property profile & analytics

    805 Leonard Ave Lima, OH 45804-3185

    • Motels
    • 21,708 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US66-1267009
    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

    • Travelodge by Wyndham Lima OH / Lodge / Motel

    Property Details for 805 Leonard Ave

    Year built
    1960
    Lot size
    1.51 lot acres
    Property size
    21,708 SF
    Property type
    Motels
    APN
    47-0500-01-007.002
    APU
    47050001007002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $650,000
      6.5%
      $700,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $650,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $640,000
      Retail
      $585,000
      Mixed-Use
      $600,000
      Hospitality
      $735,000
      Educational
      $585,000
      Residential Income
      $715,000
      Energy
      $750,000
      Income-Based Land
      $690,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0785
    Latitude
    40.729
    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
    $11,203
    $147,350
    $77,600
    $224,950
    -
    $421,000
    $221,700
    $642,700

    Comparable in this City

    • Value Estimation
      $310,000
      2.60 Acres

      Bellefontaine Rd

      MOTEL • 2.60 Acres
      Bellefontaine Rd, Lima, OH 45804
      View Details
    • Value Estimation
      $810,000
      33,562 SF

      1910 Roschman Ave

      MOTEL • 33,562 SF
      1910 Roschman Ave, Lima, OH 45804
      View Details
    • Value Estimation by Request
      63,572 SF

      906 Leonard Ave

      MOTEL • 63,572 SF
      906 Leonard Ave, Lima, OH 45804-3136
      View Details
    • Value Estimation
      $770,000
      53,798 SF

      1933 Roschman Ave

      MOTEL • 53,798 SF
      1933 Roschman Ave, Lima, OH 45804-3496
      View Details
    • Value Estimation
      $400,000
      4,087 SF

      1327 Bellefontaine Ave

      MOTEL • 4,087 SF
      1327 Bellefontaine Ave, Lima, OH 45804-3109
      View Details
    • Value Estimation by Request
      63,352 SF

      936 Greely Chapel Rd

      HOTEL • 63,352 SF
      936 Greely Chapel Rd, Lima, OH 45804-4173
      View Details

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      Commercial Land in Lima, Ohio

      Commercial land available for sale in Lima, Ohio.
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    Similar Nearby for Lease

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      Versatile Industrial and Office Space

      Adaptable industrial and office space with ample rentable area.
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      Retail Space in Lima, Ohio

      Retail space available for lease on Lima's East side.
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    • $3,495,000
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      Lima Truck Terminal and Warehouse

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    • Contact for pricing
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      5,851 SF

      Commercial Office and Light Industrial

      7,000 SF commercial space with secure lot for lease.
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      View Details

    Property Visit Statistics

    • Visits by month
      25.7k
    • Visitors by month
      15.5k
    • Avg Time on site
      13 min
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    805 Leonard Ave
    Lima, OH 45804-3185
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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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