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Property profile & analytics
OFF-MARKET Estimated value $1,275,000
Office buildings

311 Market St Lima, OH 45801-4535

43,644 SF 1.73 ac lot Built 1920
Entity Owned ~ Est. High Equity
Property ID
US66-2175387
Property summary
AI-generated overview

This exceptional investment opportunity presents a substantial 30,000+ square foot office building situated on a 1.7-acre lot in the heart of Lima, Ohio. Its prime location offers immediate proximity to the vibrant downtown area, ensuring high visibility and accessibility. Currently generating income, this property represents a strong, established investment with significant upside potential. The building's substantial size allows for a variety of uses and future development possibilities, catering to a diverse range of tenants or expansion plans. The 1.7-acre lot provides ample space for potential additions, renovations, or even redevelopment projects, allowing for significant long-term growth and return on investment. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving urban core. Given its size, location, and current income stream, this property is ideally suited for investors seeking a stable, high-return investment with considerable future development potential. Serious inquiries only. No signage is present on the property. Contact for showing.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 43,644 SF
Lot 1.73 ac (75,315 SF)
APN 37-3107-03-002.000
UPID US66-2175387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Law Office of Farley K. Banks Law Firm Financial Advisor
  • Lima-Umadaop Inc Tutoring Service
  • House of Prayer Lima Church Mosque
  • All For You Home Care Home Health Care Service
  • Tender Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.28M
Owner & transaction history
311 East Market Street LLC
311 East Market Street LLC
since 2026
Last sale
$1.3M
7 recorded transactions
2026
$1.3M
2022
Price N/A
2021
Price N/A
2019
Price N/A
2017
Price N/A
2012
$715,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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