1700 Elida Road Lima, OH 45805
COMMERCIAL - Lima, OH
Property Features for 1700 Elida Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 36-2605-08-005.000
- Size
- 45,000 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1949
- Building materials
- Steel Frame
- Roof type
- Concrete, Metal
Listing agent Jeff Dulmage (419) 302-3940
Listing office Hartsock Realty 750 Buckeye Rd, LIMA, OH (419) 222-0447
Listing date Jul 15, 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.
Access is described as easy off State Route 309, and the property is located at 1700 Elida Road in Lima, OH 45805. An additional lot may be available for purchase, potentially supporting expansion.
Per the provided remarks, the property has a 3.5-year NNN lease currently in place at $15,000 per month. The tenant pays all expenses, including taxes, insurance, maintenance, and utilities.
Key Highlights
- 45,000 SF industrial warehouse building with Steel Frame construction
- 3 docks with easy access off State Route 309
- 3.5‑year NNN lease in place at $15,000/month; tenant pays taxes, insurance, maintenance, and utilities
Local Financial Insights For Warehouse
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 | $288.5k | $6.41 |
| − Vacancy | −$24.3k | −$0.54 |
| EGI | $264.2k | $5.87 |
| − OpEx | −$39.6k | −$0.88 |
| NOI | $224.5k | $4.99 |
Alternative Uses
Property Analytics
Current Use by Public Records
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