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    Property profile & analytics

    Lima St Findlay, OH 45840

    • Flex space
    • 7,140 SF
    • 2.51 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2020
    $650,000
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    4.8%
    Flex space
    Location Intelligence
    Property ID
    US66-4475997
    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

    • Flex space

    Property Details for Lima St

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    2.51 lot acres
    Property size
    7,140 SF
    Property type
    Flex space
    APN
    210001032577
    APU
    210001032577

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $450,000
      7%
      $420,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.6612
    Latitude
    41.0326
    CBSA code
    22300
    CBSA name
    FINDLAY, OH MICROPOLITAN 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
    $4,655
    $8,640
    $74,280
    $82,920
    -
    $24,690
    $212,240
    $236,930

    Comparable in this City

    • Value Estimation
      $255,000
      1,512 SF

      310 Crawford St

      LIGHT INDUSTRIAL • 1,512 SF
      310 Crawford St, Findlay, OH 45840-4807
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    • Value Estimation
      $885,000
      73,500 SF

      5289 Hamlet Dr

      LIGHT INDUSTRIAL • 73,500 SF
      5289 Hamlet Dr, Findlay, OH 45840
      View Details
    • Value Estimation
      $955,000
      81,250 SF

      2150 Industrial Dr

      LIGHT INDUSTRIAL • 81,250 SF
      2150 Industrial Dr, Findlay, OH 45840-5402
      View Details
    • Value Estimation
      $300,000
      9,264 SF

      900 Lima Ave

      LIGHT INDUSTRIAL • 9,264 SF
      900 Lima Ave, Findlay, OH 45840-2320
      View Details
    • Value Estimation
      $365,000
      14,196 SF

      616 Blanchard St

      LIGHT INDUSTRIAL • 14,196 SF
      616 Blanchard St, Findlay, OH 45840-5706
      View Details
    • Value Estimation
      $985,000
      42,714 SF

      2025 Production Dr

      LIGHT INDUSTRIAL • 42,714 SF
      2025 Production Dr, Findlay, OH 45840-5450
      View Details

    Similar Nearby for Sale

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      13.00 Acres

      Prime Findlay Land: 13 Acres

      Unzoned commercial land near I-75
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      View Details
    • Contact for pricing
      225,000 SF

      New Industrial Build To Suit

      Up to 225,000 SF available near I-75.
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    • $2,400,000
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      Findlay Industrial Land - 48 Acres

      Prime Ohio distribution site; I-75 access.
      0 County Road 212, Findlay, OH 45840
      View Details
    • $850,250
      13.65 Acres

      Prime Findlay Commercial Land

      13.6 Acres, Multi-Family Zoning
      0 Us-224, Findlay, OH 45840
      View Details
    • $550,000
      4.72 Acres

      Findlay Furniture Store & Office

      High-traffic retail space, updated systems.
      10283 Us Route 224, Findlay, OH 45840
      View Details
    • Contact for pricing

      Downtown Findlay Commercial Space

      Versatile 3,781 SF space, prime location.
      331 Main St, Findlay, OH 45840
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      10,000 SF

      Findlay Industrial Space For Lease

      10,000 SF Flex Warehouse, Ohio
      11600 County Road 99, Findlay, OH 45840
      View Details
    • Contact for pricing
      225,000 SF

      Findlay Industrial Build-to-Suit

      225,000 SF Manufacturing/Warehouse
      0 Us Rt 224, Findlay, OH 45840
      View Details
    • $8 SF/Yr
      48,250 SF

      Findlay Warehouse: Broad Ave Opportunity

      1,400 SF Office/Warehouse Space Available
      1331 Broad Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      160,000 SF

      Findlay Warehouse with Rail Access

      160,000 SF warehouse with rail access available for lease.
      1300 Morrical Blvd, Findlay, OH 45840
      View Details
    • $7 SF/Yr
      18,000 SF

      Modern Manufacturing Facility For Lease

      State-of-the-art manufacturing facility with modern office space available for lease.
      120 Bentley Ct, Findlay, OH 45840
      View Details
    • Contact for pricing
      40,000 SF

      Proposed Retail Center in Findlay

      Proposed 75,000 sq. ft. neighborhood retail center.
      45840 Usa, Findlay, OH 45840
      View Details
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    Lima St
    Findlay, OH 45840
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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