1102-1104 N West Street, Lima, OH 45801
- Added:
- Nov 20, 2025
- Days on Market:
- 213
- Last Refresh:
- Jun 21 at 4:06 pm
Property Features for 1102-1104 N West Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking
- 10
- Standard status
- Active
- APN
- 37-3006.06.014..000
- Size
- 3,836 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Block, Brick
Listing agent Joseph Guagenti (419) 230-5050
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Nov 20, 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.
HighLights
- Building constructed with block and brick materials
- Central air cooling
- Forced‑air heating with natural gas
- Year built: 1960
- Utilities include public water and public sewer
Overview
The property is located at 1102–1104 N West Street in Lima, Ohio 45801, in Allen County. The listing remarks indicate it is positioned near Lima’s North End, supporting a convenient retail presence for surrounding customers.
For buyers and operators, the multi-unit layout can be useful when seeking diversified tenant occupancy within a retail-focused asset. Prospective tenants may also consider the property for the flexibility of choosing from the available unit spaces within the strip mall configuration. For confirmation of current unit mix and conditions, buyers and brokers should coordinate directly regarding lease status, specifications, and any access or operating details tied to each unit.
Local Financial Insights For Retail
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 | $22.6k | $5.88 |
| − Vacancy | −$807 | −$0.21 |
| EGI | $21.7k | $5.67 |
| − OpEx | −$6.5k | −$1.70 |
| NOI | $15.2k | $3.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.108354
- Latitude
- 40.757948
