608 W High Street Lima, OH 45801
COMMERCIAL - Lima, OH
Property Features for 608 W High Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 36-3605-16-011.000 and 36-3605-16-009.000
- Size
- 6,379 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1955
Listing agent Gregory Stolly (419) 302-1890
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date May 12, 2026
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
- High income potential: Earn $51,600 annually from the building alone, plus $51,300 from all 5 units.
- Four of the five units are currently rented, providing immediate income.
- Main level commercial space (6,379 sq. ft.) is rented with 2 years remaining on the lease, generating $32,400 annual income.
Local Financial Insights For Multifamily LT 5
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 | $84.2k | $13.20 |
| − Vacancy | −$7.8k | −$1.23 |
| EGI | $76.4k | $11.97 |
| − OpEx | −$22.9k | −$3.59 |
| NOI | $53.5k | $8.38 |
