1507 Harding Hwy, Lima, OH 45804

Building Details

Year Built 2000 More

Listed By: Linda Show Phone

Added: Feb 24 Changed: Jun 22

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,851

Cap Rate

5.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,817,020 $1.8M

Cap Rate 7%

$1,297,871 $1.3M

Cap Rate 9%

$1,009,456 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,690 SF

Gross rent

$126.8K $18.96/SF

− Vacancy

−$5.7K −$0.85/SF

EGI

$121.1K $18.11/SF

− OpEx

−$30.3K −$4.53/SF

NOI

$90.9K $13.58/SF

Area

Allen County, OH

Vacancy

4.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,817,020

Cap Rate 7%

$1,297,871

Cap Rate 9%

$1,009,456

Alternative Uses

Best Use

Specialty Retail

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,851 @ 7.0% cap · market cap 5.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,797 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Yamato East Restaurant Yamato - East Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

647

Businesses Nearby

76k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Shops & Services 30% Hotels & Casinos 6% Groceries 3%

Arby's Dining

15,464 visits/mo 0.3 miles

Lee's Famous Recipe Chicken Dining

10,240 visits/mo 0.4 miles

Dollar General Shops & Services

8,728 visits/mo 0.1 miles

BIGGBY COFFEE Dining

5,840 visits/mo 0.4 miles

Dunkin' Donuts Dining

4,744 visits/mo 0.1 miles

Demographics for 45804, OH

14,573

Population

7,108

Households

2.1

Avg Household Size

39

Median Age

11%

College-Educated

87%

High-School Grad

21.2 sq mi

ZIP Area

687

Density / Sq Mi

$42,594

Median Household Income

$33,438

Median Earnings

$888

Median Rent

$96,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Sam's Club Cafe — 1150 Greely Chapel Rd, Lima, OH 45804
• Olive Garden Italian Restaurant — 1936 Roschman Ave, Lima, OH 45804
• Wings and Rings — 1939 Roschman Ave, Lima, OH 45804
• 777 Bar — 1008 Bellefontaine Ave, Lima, OH 45804

Frequently Asked Questions

What type of property is this?

Bar & Pub - Well-maintained 6,690 SF restaurant/bar on 1.18 acres.

Where is this bar & pub located?

The property is located at 1507 Harding Hwy Lima, OH.

What is the asking price?

The asking price for this property is $1,600,000.