303 E High Street Lima, OH 45801
COMMERCIAL - Lima, OH
Property Features for 303 E High Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 37-3106-18-006.000
- Size
- 2,255 SF
Taxes and HOA fees
- Tax Description
- O L 2 S PT-E END FF 050.000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1852
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Metal
Listing agent Maria Sanko (419) 303-8495
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Nov 1, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Historic brick building built in 1852.
- Private, off‑street parking lot.
- Convenient location to downtown Lima area.
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 | $43.3k | $19.20 |
| − Vacancy | −$5.2k | −$2.30 |
| EGI | $38.1k | $16.90 |
| − OpEx | −$9.5k | −$4.22 |
| NOI | $28.6k | $12.67 |
