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    For Sale (38)

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    Commercial Land on N. Cable
    $125,000
    6.91 Acres

    Commercial Land on N. Cable

    6.91 acres of commercially zoned land with road frontage.

    S Cable Rd, Lima, OH 45805
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    2 Acre Land Parcel
    $40,000
    2.00 Acres

    2 Acre Land Parcel

    2 acre land parcel in Bath School District, Lima, OH.

    1700 N Thayer Rd, Lima, OH 45801
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    Commercial Land in Downtown Lima
    $199,000
    12.00 Acres

    Commercial Land in Downtown Lima

    Three commercial parcels totaling approximately 0.5 acres in downtown Lima.

    340 E Market St, Lima, OH 45801
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    Commercial Land in Downtown Lima
    $299,000
    1.55 Acres

    Commercial Land in Downtown Lima

    Corner lot suitable for commercial development in downtown Lima, Ohio.

    340 E Market St, Lima, OH 45801
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    Lakeview Commercial Property For Sale
    $250,000
    2,918 SF

    Lakeview Commercial Property For Sale

    Commercial property in Lakeview, OH, near Indian Lake.

    13699 State Route 235, Lakeview, OH 43331
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    Turnkey Restaurant in Lima, Ohio
    $599,000
    2,788 SF

    Turnkey Restaurant in Lima, Ohio

    Fully equipped restaurant remodeled in 2021 with liquor license.

    2228 Shawnee Rd, Lima, OH 45805
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    Three-Story Retail Building For Sale
    $650,000
    11,700 SF

    Three-Story Retail Building For Sale

    Three-story commercial building with retail space in Lima, Ohio.

    126 W High St, Lima, OH 45801
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    Bluffton Commercial Property For Sale
    $110,000
    2,312 SF

    Bluffton Commercial Property For Sale

    Versatile industrial property with flexible space in Bluffton, Ohio.

    210 Hancock Rd, Bluffton, OH 45817
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    Commercial Land in Prime Location
    $75,000
    0.25 Acres

    Commercial Land in Prime Location

    Commercial land for sale, located across from local hospital.

    734 W North St, Lima, OH 45801
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    Commercial Land on Eastown Road
    $225,000
    2.55 Acres

    Commercial Land on Eastown Road

    Commercial property with B-1 zoning on a busy road.

    2120 N Eastown Rd, Lima, OH 45807
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    Historical Building in Downtown Lima
    $400,000
    17,196 SF

    Historical Building in Downtown Lima

    Historical commercial building with new kitchen in growing downtown.

    122 W North St, Lima, OH 45801
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    Prime Lima Commercial Investment Opportunity
    $689,000
    5,160 SF

    Prime Lima Commercial Investment Opportunity

    Fully occupied mixed-use property in revitalizing downtown Lima.

    222 S Elizabeth St, Lima, OH 45801
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    Commercial Lot in Shawnee Park
    $300,000
    0.86 Acres

    Commercial Lot in Shawnee Park

    Commercial building lot in Shawnee business park, Lima, Ohio.

    2920 Blue Jacket Ct, Lima, OH 45806
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    Buildable Lot in Lima, Ohio
    Contact for pricing
    0.07 Acres

    Buildable Lot in Lima, Ohio

    Residential land available for building a dream home.

    E Vine St, Lima, OH 45804
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    Spacious Warehouse in Lima, Ohio
    $350,000
    47,528 SF

    Spacious Warehouse in Lima, Ohio

    47,500+ sq ft warehouse on .291 acres for sale.

    123 E Wayne St, Lima, OH 45801
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    Wooded Land in Lima, Ohio
    $425,000
    17.00 Acres

    Wooded Land in Lima, Ohio

    Approximately 17 acres of wooded land suitable for development.

    Allentown Rd, Lima, OH 45805
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    Restaurant Building in Lima, Ohio
    $290,000
    1,744 SF

    Restaurant Building in Lima, Ohio

    Commercial property with restaurant equipment in Lima, Ohio.

    2119 Spencerville Rd, Lima, OH 45805
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    Commercial Lot in Shawnee Park
    $300,000
    1.24 Acres

    Commercial Lot in Shawnee Park

    Commercial building site in Shawnee business park with deed restrictions.

    2551 Zurmehly Rd, Lima, OH 45806
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    Commercial Property with Rental Income
    $925,000
    6,379 SF

    Commercial Property with Rental Income

    Mixed-use property with commercial space and apartments, generating rental income.

    608 W High St, Lima, OH 45801
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    Commercial Land in Prime Location
    $50,000
    0.24 Acres

    Commercial Land in Prime Location

    Commercial land for sale in a prime Lima, Ohio location.

    S Main St, Lima, OH 45804
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    Spencerville Commercial Space For Sale
    $225,000
    8,064 SF

    Spencerville Commercial Space For Sale

    8000+ sqft commercial space near Route 66 in Spencerville.

    120 S Canal St, Spencerville, OH 45887
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    Commercial Property in Downtown Lima
    $285,000
    11,624 SF

    Commercial Property in Downtown Lima

    Commercial investment property in downtown Lima with existing lease income.

    502 W High St, Lima, OH 45801
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    Remodeled Multi-Family Unit
    $495,000
    2,842 SF

    Remodeled Multi-Family Unit

    Two-story, remodeled multi-family unit with parking near Charles River.

    547 N Broadway St, Spencerville, OH 45887
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    Commercial Property in Lima, Ohio
    $795,000
    9,975 SF

    Commercial Property in Lima, Ohio

    Commercial property suitable for auto service, barber, or professional services.

    3600-3602 Elida Rd, Lima, OH 45807
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    Commercial Property Near Indian Lake
    $250,000
    2,918 SF

    Commercial Property Near Indian Lake

    Commercial property suitable for church or business near Indian Lake.

    13699 Oh-235, Lakeview, OH 43331
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    Medical Office Building For Sale
    $325,000
    2,698 SF

    Medical Office Building For Sale

    Medical office building with ample parking in Lima, Ohio.

    1331 W Market St, Lima, OH 45805
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    Agricultural Land in Lima, Ohio
    $403,800
    33.65 Acres

    Agricultural Land in Lima, Ohio

    33.65 acres of tillable farmland with recorded easement.

    Bellefontaine Ave, Lima, OH 45804
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    Undeveloped Land in Lima, Ohio
    $1,300,000
    28.76 Acres

    Undeveloped Land in Lima, Ohio

    28.76 acres of B-1 zoned land for sale.

    Seriff Rd, Lima, OH 45805
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    Land on Allentown Road, Lima
    $275,000
    1.00 Acre

    Land on Allentown Road, Lima

    Approximately 1 acre of land with road frontage.

    Allentown Rd, Lima, OH 45805
    View details
    Historic Office Building in Lima
    $400,000
    2,255 SF

    Historic Office Building in Lima

    Remodeled office building with parking near downtown Lima.

    303 E High St, Lima, OH 45801
    View details
    Commercial Land in Shawnee Park
    $500,000
    2.10 Acres

    Commercial Land in Shawnee Park

    Two commercial building sites totaling 2.10 acres in Lima, OH.

    2 Parcel Zurmehly Land Package, Lima, OH 45806
    View details
    Corner Lot in Uniopolis, OH
    Contact for pricing
    0.58 Acres

    Corner Lot in Uniopolis, OH

    Affordable corner lot in Wapakoneta school district.

    State Rte 67, Uniopolis, OH 45888
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    Lima Triplex with Remodeled Units
    $225,000
    0.23 Acres

    Lima Triplex with Remodeled Units

    Triplex in Lima, OH with remodeled units and strong rental

    730 N Main St, Lima, OH 45801
    View details
    Lima Mixed-Use Investment Opportunity
    $925,000
    6,912 SF

    Lima Mixed-Use Investment Opportunity

    Five units, including commercial space and apartments, generating income.

    200 N Metcalf St, Lima, OH 45801
    View details
    Downtown Lima Office Building Investment
    $1,800,000

    Downtown Lima Office Building Investment

    High-yield office building, prime location.

    311 Market St, Lima, OH 45801
    View details
    Land Available on E Market
    Contact for pricing

    Land Available on E Market

    Land for sale on E Market St, Lima, OH.

    E Market St, Lima, OH 45801
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    Land For Sale
    Contact for pricing

    Land For Sale

    Land available for sale.

    S Main St, Lima, OH 45804
    View details
    Downtown Lima Corner Commercial Lot
    Contact for pricing

    Downtown Lima Corner Commercial Lot

    Commercial land in downtown Lima, a corner lot.

    340 E Market St, Lima, OH 45801
    View details

    For Lease (1)

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    Downtown Storefront in DORA Zone
    Contact for pricing

    Downtown Storefront in DORA Zone

    Storefront in downtown Lima, near amenities and primed for growth.

    222 S Elizabeth St, Lima, OH 45801
    View details

    Leases and Sales on Map

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    CCR Real Estate LLC
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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
    CCR Real Estate LLC
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