1603 N Sugar Street, Lima, OH 45801
- Added:
- Nov 20, 2025
- Days on Market:
- 219
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1603 N Sugar Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 60
- Standard status
- Active
- APN
- 37.1912.02.01.000,37.1912.02.01001,37.1912.02.0002
- Size
- 1 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2007
- Building materials
- Steel Frame
- Roof type
- Metal
Listing agent Joseph Guagenti (419) 230-5050
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Nov 20, 2025
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,100 SF pre‑engineered building with 1,200 SF office/retail space and 900 SF garage/workspace
- 60 paved asphalt parking spaces
- Steel frame construction; roof is metal
- Three 10' overhead garage doors (two with operators in rear, one with operator at front)
- 12' clear height and 220‑volt electric service
- Public water and public sewer; includes 1 ADA bath and a full bath with shower in the managers office
Overview
Located at 1603 N Sugar Street in Lima, Ohio, the property is zoned Commercial and is served by 60 paved asphalt parking spaces, providing on-site parking for customers, staff, and service activity.
With office/retail space connected to garage/workspace, the layout is well-suited for owner-operators and tenants that need customer-facing space alongside practical vehicle and equipment access. Multiple overhead doors and dedicated workspace support day-to-day operations, while the included restrooms help accommodate employee and customer needs within the same building.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $19.20 |
| − Vacancy | −$4.8k | −$2.30 |
| EGI | $35.5k | $16.90 |
| − OpEx | −$8.9k | −$4.22 |
| NOI | $26.6k | $12.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.089725
- Latitude
- 40.761403
