Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    171 S Lester Ave Sidney, OH 45365

    Sponsored
    For Lease
    $3,755 /Mo ($4 SF/Yr)

    COMMERCIAL - Sidney, OH

    Property size:
    9,485 SF
    Lot size:
    2.65 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 8:06 pm

    Property Features for 171 S Lester Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    APN
    011834126004A
    Parking
    17
    Parking features
    Parking Lot
    Exterior features
    Overhead Door(s)
    Size
    9,485 SF
    Lot size
    2.65 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Building materials
    Block, Metal Siding, Steel Siding

    We can help!

    Listing Contact
    Caven Risk

    Brokers Real Estate, Inc. (937) 498-4725

    Listing agent Caven Risk (937) 498-4725

    Listing date Feb 7, 2026

    MLS# 1043665

    Copyright © 2026 West Metro Board 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.

    Learn more

    Property Insight Report

    Overview

    Sidney Flex Space with Shop

    Located on the west side of Sidney, across from Lowes and Menards, this flex space offers convenient access to I-75. Situated on the east side of the building, the property encompasses approximately 9,485 square feet. It features a 4,375 square foot office area, complemented by a 5,110 square foot shop area equipped with both heating and air conditioning. The building has 14-foot eaves and includes two drive-in doors, one measuring 12'x12' and the other 8'x10'. The property also offers a 14 foot eave height, an 18 foot center clear span, and 480 three-phase electric power. The property is situated on a 2.65 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Hammer Contracting, ... Construction Company

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sidney
    County
    Shelby
    State
    Ohio
    Longitude
    -84.202767
    Latitude
    40.285247

    Nearby Similar for Lease

    • $2,200 /Mo
      1,800 SF

      Sidney Office Space For Rent

      1800 sq ft office building with multiple workspaces available.
      3009 Cisco Rd, Sidney, OH 45365
      View Details
    • $4,000 /Mo
      4,000 SF

      Office and Warehouse Space Available

      4,000 sq ft office and warehouse space for lease.
      1705 Wapakoneta Ave, Sidney, OH 45365
      View Details
    • $9,000 /Mo
      4,240 SF

      Turnkey Restaurant Space in Sidney, OH

      Fully equipped restaurant space available for rent in Sidney, OH.
      101 S Ohio Ave, Sidney, OH 45365
      View Details
    • $1,500 /Mo
      1,520 SF

      Downtown Sidney Office Space Available

      Move-in ready commercial space in a high-traffic downtown location.
      110 N Ohio Ave, Sidney, OH 45365
      View Details
    • Contact for pricing
      163,800 SF

      Sidney Warehouse: Prime Industrial Space

      163,800 SF Single-Tenant Warehouse in Ohio
      1410-1440 Vandemark Rd, Sidney, OH 45365
      View Details
    • $8 SF/Yr
      7,450 SF

      Remodeled Office Space For Lease

      Newly remodeled office space in a rapidly growing area.
      600 S Kuther Rd, Sidney, OH 45365
      View Details
    • $25 SF/Yr
      7,704 SF

      Retail Space in West Towne

      Retail space available in a busy shopping center.
      2240-2370 W Michigan St, Sidney, OH 45365
      View Details
    • Contact for pricing
      7,007 SF

      Sidney Retail Center Opportunity

      Prime Sidney retail space, multiple units available.
      1109 Wapakoneta Ave, Sidney, OH 45365
      View Details
    • Contact for pricing
      6,000 SF

      Sidney Retail Opportunity

      New Multi-Tenant Building, High Traffic
      0 Sidney Oh, Sidney, OH 45365
      View Details
    • $9 SF/Yr
      73,703 SF

      West Towne Square: Sidney Retail Center

      Prime Sidney retail space, high traffic, strong anchors.
      2250 Michigan St, Sidney, OH 45365
      View Details
    • Contact for pricing
      5,988 SF

      Ohio Building: Prime Retail Space

      Historic Sidney, OH retail/office suites.
      113 Ohio Ave, Sidney, OH 45365
      View Details
    • Contact for pricing
      395,862 SF

      Burr Oak: Sidney, OH Development

      132-acre mixed-use development, I-75 access.
      0 St Marys Ave, Sidney, OH 45365
      View Details

    FAQs

    What type of property is this?
    Flex space - 9,485 SF flex space with office and shop areas.
    Where is this flex space located?
    The property is located at 171 S Lester Ave Sidney, OH.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Located with easy access to I-75 and across from major retailers.; - Large shop area (5,110 sq ft) with both heat and air conditioning.; - Significant office space (4,375 sq ft).
    (937) 498-4725
    Request Owner's contact information
    171 S Lester Ave Sidney, OH 45365
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    171 S Lester Ave
    Sidney, OH 45365
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    171 S Lester Ave Sidney, OH 45365
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Caven Risk
    (937) 498-4725
    Learn more
    Google sign-in failed. Please try again or use another login method.