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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
924 Cable Rd, Lima, OH 45805-1704
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-5388401
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1975
Total area
7,000 SF
Lot
0.78 ac (33,759 SF)
APN
36-2607-02-003.002
UPID
US66-5388401
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
-
Lighthouse Behavioral Health Solutions - Lima Physician
-
Ohio Rehabilitation Services Social Service Agency Charitable Organization
-
Vocational Rehabilitation Office Social Service Agency Charitable Organization
-
Lighthouse Behavioral Health Solutions Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$422k
Blend (final)
Blend
$585k
Owner & transaction history
Store Master Funding Xxvii LLC · 3 yrs held
Store Master Funding Xxvii LLC
since 2022
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$550,000
+5.9%
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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
RESTAURANT
$550,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$495,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$475,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$440,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $600k (Oct 20 2022)
Last sale anchor
$600k
Oct 20 2022
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
$84 / 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
$8,317
Tax year 2023
Assessed value
$155,440
Assessed 2023
Previous assessed
$155,440
+0.0% YoY
Effective rate
5.35%
On assessed value
Assessed land
$50,300
Assessed improvement
$105,140
Land market value
$143,700
Improvement market value
$300,400
Total market value
$444,100
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
1
Total area
7,000 SF
Lot
0.78 ac (33,759 SF)
APN
36-2607-02-003.002
UPID
US66-5388401
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
OFFICE BUILDING Current
Est. value
$520,000
RESTAURANT
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$495,000
MEDICAL BUILDING
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$440,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxvii LLC
Entity
Free & Clear · 3 yrs held
Mailing address
924 N CABLE RD, LIMA, OH 45805-1704
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
Store Master Funding Xxvii LLC
Gulf Coast Partners LLC
Re-recorded Document
related
—
Oct 20, 2022
$800,000
Store Master Funding Xxvii LLC
Gulf Coast Partners LLC
Limited Warranty Deed
$800,000 · Citibank NA
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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