2340 SpencervilleLima, OH 45805

  • Retail properties
  • 8,051 SF
Off market
$333,936 Estimated

Property Details for 2340 Spencerville

Year built
2010
Lot size
1.56 AC
Property size (Sq ft)
8,051 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
36-3511-13-014.000
APU
36351113014000

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,270,950
    6.5%
    $2,096,262
    7%
    $1,946,529
  • Comparable approach

    Method
    Valuation
    Relative Method
    $399,481
    Geo Method
    $399,481
  • Alternative Use

    Use
    Valuation
    Residential
    $1,768,275
    Hospitality
    $1,619,730
    Educational
    $1,347,597
    Medical
    $1,393,943
    Retail
    $2,096,262
2340 Spencerville, Lima, Ohio

Location Insight

City
Lima
County
Allen
State
Ohio
Latitude
40.7306
Longitude
-84.1416
CBSA code
30620
CBSA name
LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $242,690
  • Assessed land value
    $33,290
  • Assessed value
    $275,980
  • Tax year
    2023
  • Tax bill
    $9,130

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