Warehouse with Overhead Door and
For Sale
$175,000
375 Forest Avenue, North Lima, OH 44452
COMMERCIAL - North Lima, OH
Property Size840 SF
Lot Size0.24 Acres
Price / SF$208.33
Days on Market15
Property Features for 375 Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.24 Acres
Building Details
Year built
1955
Listing Agency:
NextHome GO30 Realty
(330) 629-8888
Listed By:
Dan Dull · License #BRKP.2006000965,PersonLicenseNumber
(330) 540-9745
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 30 at 2:06PM
MLS# 5197484
Copyright © 2026 NextHome, Inc. 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.
This warehouse includes elevated ceilings, a 14-foot overhead door, and an overhead crane for equipment handling, vehicles, or storage. A mezzanine-level office provides convenient workspace or administrative space. The building is supported by gas heat and electricity for year-round usability.
The property sits on approximately a quarter-acre and includes a fenced-in rear area suitable for secure storage or outdoor operations. A private well supplies water to the site.
The overall configuration is designed to combine warehouse functionality with on-site office space while offering an enclosed exterior area for additional storage needs.
The property sits on approximately a quarter-acre and includes a fenced-in rear area suitable for secure storage or outdoor operations. A private well supplies water to the site.
The overall configuration is designed to combine warehouse functionality with on-site office space while offering an enclosed exterior area for additional storage needs.
Key Highlights
- 840 sq ft warehouse on approximately 1/4 acre in Beaver Township, built in 1955
- 14‑foot overhead door plus overhead crane for equipment handling, vehicles, or storage
- Elevated ceilings and mezzanine‑level office for additional workspace or administration
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 | $13.4k | $15.96 |
| − Vacancy | −$2.7k | −$3.19 |
| EGI | $10.7k | $12.77 |
| − OpEx | −$2.7k | −$3.19 |
| NOI | $8.0k | $9.58 |
840 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$114.9K
$100.6K – $134.1K
NOI $8,044 @ 7.0% cap · market cap 4.60%
Second Best
Warehouse
$59.9K
$52.4K – $69.9K
NOI $4,191 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$158.5K
$138.7K – $184.9K
NOI $11,096 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44452, OH
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
227
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with elevated ceilings, 14-foot overhead door, overhead crane, and mezzanine office space.
Where is this warehouse located?
The property is located at 375 Forest Avenue North Lima, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 840 sq ft warehouse on approximately 1/4 acre in Beaver Township, built in 1955; 14‑foot overhead door plus overhead crane for equipment handling, vehicles, or storage; Elevated ceilings and mezzanine‑level office for additional workspace or administration
