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    Greg Butcher, Lima, OH

    License ID: 0000324616
    Superior Plus Realtors
    Association
    West Central Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (419) 236-7357
    Office Address:
    2600 Shoreline Dr, Lima, OH, 45805-3658

    Performance

    Listings
    23

    Listings

    For Sale (13)

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    • $495,000
      7,000 SF

      Modern Office Building For Sale

      Modern office building with acreage, divisible into two units.
      1805 N Dixie Hwy, Lima, OH 45801
      View Details
    • $3,500,000
      36,947 SF

      Retail Center on North Cable

      Retail property with multiple tenants on a high-traffic road.
      902 N Cable Rd, Lima, OH 45805
      View Details
    • $847,000
      9,940 SF

      Greenway Apartments: Lima, OH

      HUD Property: High Cap Rate, Excellent ROI
      710 Main St, Lima, OH 45801
      View Details
    • Contact for pricing
      17,952 SF

      Spacious Office Building For Sale

      Large office building with ample parking and modern amenities.
      7301 International Dr, Holland, OH 43528
      View Details
    • $2,700,000
      15,102 SF

      Market St Retail Investment Opportunity

      High-traffic Lima, OH retail space. Excellent investment potential.
      506 Market St, Lima, OH 45801
      View Details
    • $2,000,000
      15,102 SF

      Retail Property in Lima, Ohio

      Retail property available for sale in Lima, Ohio.
      302 W Robb Ave, Lima, OH 45801
      View Details
    • $450,000
      3,000 SF

      Retail Property in Lima, Ohio

      Retail property available for sale in Lima, Ohio.
      1031 Findlay Rd, Lima, OH 45801
      View Details
    • $125,000

      Land For Sale Lima

      Land available for sale on Baton Rouge Ave, Lima, OH.
      Baton Rouge Ave, Lima, OH
      View Details
    • $495,000
      7,000 SF

      Lima Office Building For Sale

      7,000 SF office building available in Lima, Ohio.
      1805 N Dixie Hwy, Lima, OH 45895
      View Details
    • $549,000
      2,132 SF

      Retail Property in Lima, Ohio

      Retail property for sale with 2,132 square feet.
      717 N Jackson St, Lima, OH 45801
      View Details
    • $350,000
      7,000 SF

      Retail Property on Main Street

      7,000 SF retail property for sale.
      318 N Main St, Lima, OH 45895
      View Details
    • Contact for pricing
      4,500 SF

      Lima Religious Facility For Sale

      4,500 SF religious facility in Lima, Ohio.
      519 W Market St, Lima, OH 45801
      View Details
    • $575,000
      1,336 SF

      Retail Property in Lima, Ohio

      Retail property available for sale in Lima, Ohio.
      2094 Allentown Rd, Lima, OH 45805
      View Details

    For Lease (10)

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    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease featuring ample power and offices.
      1010 E High St, Lima, OH 45804
      View Details
    • Contact for pricing

      Professional Office Space Available

      Highly professional office space suitable for various uses.
      1650 N Countyline St, Fostoria, OH 44830
      View Details
    • Contact for pricing

      Medical/Retail Space in Lima, OH

      Located in the heart of Lima's medical center.
      506 W Market St, Lima, OH 45801
      View Details
    • Contact for pricing

      Office Space for Lease

      Two-story office space available for lease in Holland, Ohio.
      7301 International Dr, Holland, OH 43528
      View Details
    • Contact for pricing

      Retail Space in Clocktower Plaza

      Retail spaces available in Lima's Clocktower Plaza shopping center.
      927 N Cable Rd, Lima, OH 45805
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Lima Mall

      Retail spaces available near Lima Mall and Elida Road.
      902-914 N Cable Rd, Lima, OH 45805
      View Details
    • $18 SF/Yr
      2,249 SF

      Retail Space in Bluffton, Ohio

      Retail space available for lease in Bluffton, Ohio.
      415 Oh-103, Bluffton, OH
      View Details
    • $1,100 /Mo
      1,000 SF

      Lima Office Space For Rent

      Office space available for lease in Lima, Ohio.
      1012 Bellefontaine Ave, Lima, OH 45804
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Warehouse Space Available

      20,000 sq ft warehouse space for lease.
      1010 E High St, Lima, OH 45804
      View Details
    • $1,500 /Mo
      2,352 SF

      Lima Office Space Available

      Office space available for lease in Lima, Ohio.
      219 N Mcdonel St, Lima, OH 45801
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Request Owner's contact information
    Greg Butcher, Lima, OH
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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.

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    Greg Butcher, Lima, OH
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