Flex Warehouse with
1603 N Sugar Street, Lima, OH 45801
Pre-engineered flex building combines office/retail space with garage/workspace for mixed-use operations.
Type:Special Purpose
Property size:
2,100 SFPrice / SF:
$142/SF- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 3:15 am
Property Features for 1603 N Sugar Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2007
Listing office CCR , Realtors
Listing date Jun 19, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CCR , Realtors
HighLights
- 2,100 SF pre‑engineered building with 1,200 SF office/retail and 900 SF garage/workspace
- 12' clear height and 3 overhead garage doors with operators (two 10' x 10' in rear, one 10' x 10' in front)
- 60 paved asphalt parking spaces
- 220‑volt electric service
- ADA bath in show room plus full bath with shower in managers office
- Year built: 2007
Overview
This pre-engineered flex building offers 1,200 SF of office/retail space paired with 900 SF of garage/workspace. The shop includes three 10' overhead garage doors, with two 10' x 10' doors at the rear of the building and one 10' x 10' door at the front, each with operators. Interior clear height is 12'. Office and common areas include one ADA bath in the showroom plus a full bath with a shower in the managers office. Electrical service is listed as 220-volt, and the property is supported by an asphalt paved parking lot with 60 spaces.
The building includes on-site parking for customer and staff use, and the rear and front loading configuration provides options for work flow depending on how the space is operated.
For a buyer or operator looking for a mixed setup, the combination of office/retail improvements and a dedicated garage/workshop area supports businesses that need customer-facing space along with functional overhead-door access. The included parking and 12' clear height can help accommodate day-to-day operations within a compact footprint.
The building includes on-site parking for customer and staff use, and the rear and front loading configuration provides options for work flow depending on how the space is operated.
For a buyer or operator looking for a mixed setup, the combination of office/retail improvements and a dedicated garage/workshop area supports businesses that need customer-facing space along with functional overhead-door access. The included parking and 12' clear height can help accommodate day-to-day operations within a compact footprint.
Local 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 | $40.3k | $19.20 |
| − Vacancy | −$4.8k | −$2.30 |
| EGI | $35.5k | $16.90 |
| − OpEx | −$8.9k | −$4.22 |
| NOI | $26.6k | $12.67 |
2,100 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 8.90%
Second Best
Flex RnD
$172.3K
$150.8K – $201.0K
NOI $12,060 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$505.8K
$442.6K – $590.1K
NOI $35,407 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Taco Movil Los ...
Restaurant
Country Corner Auto ...
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.0897253
- Latitude
- 40.761354
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Pre-engineered flex building combines office/retail space with garage/workspace for mixed-use operations.
Where is this flex space located?
The property is located at 1603 N Sugar Street Lima, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,100 SF pre‑engineered building with 1,200 SF office/retail and 900 SF garage/workspace; 12' clear height and 3 overhead garage doors with operators (two 10' x 10' in rear, one 10' x 10' in front); 60 paved asphalt parking spaces
