Property profile

829 Elm St Lima, OH 45804

OFF-MARKET
Medical Office Space
Property ID
US66-2273880
1,555 SF 0.17 ac lot Built 1979
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,555 square foot office building, located at 829 E Elm St in Lima, Ohio (45804), presents a unique investment opportunity. Built in 1979, the property sits on a 0.174-acre lot and is zoned for commercial use. Priced at $169,000 ($109 per square foot), this building is ideal for a variety of professional uses. Currently configured as an executive or medical office space, the property includes a restrictive covenant prohibiting its use as a dental office. The building is not subject to homeowner's association fees and is not located in a FEMA flood zone. Financing options may include conventional cash purchases. The sale is considered a fair market value transaction. This is a fantastic opportunity to acquire a well-located, established office building in a thriving commercial area of Allen County, Ohio. The property's convenient location and versatile zoning make it an attractive investment for discerning buyers seeking a profitable venture in the Lima market. Serious inquiries are encouraged.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Total area 1,555 SF
Lot 0.17 ac (7,579 SF)
APN 37-3108-11-019.000
UPID US66-2273880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office

Location

829 Elm St Lima, OH 45804-1413
Lima metro Census 12700 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
Last sale
$301,666
3 recorded transactions
2025
$301,666
2022
$156,000
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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