Versatile Building on High-Traffic
For Sale
$350,000
Pending
1790 N Eastown Rd, Lima, OH 45807
Large building with office and warehouse space on an acre.
Property Size4,000 SF
Lot Size0.99 Acres
Days on Market408
Property Features for 1790 N Eastown Rd
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.99 Acres
Taxes and HOA fees
Annual Taxes
$2,268
Listing Agency:
Berkshire Hathaway Professional Realty
(419) 331-7653
Listed By:
Dalton Brenner
(419) 999-2027
Source:
Exprealty
Added: Sep 5, 2025
Changed: Oct 8
Last Checked: Oct 16 at 3:06PM
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 Berkshire Hathaway Professional Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This large building, situated on almost an acre of land along a high-traffic road, offers over 4,000 square feet of space. The property includes office space, a half bathroom, and a substantial warehouse area. Features include fresh paint, three overhead doors, and a loading dock. A fenced-in area is located at the back of the property. The property is suitable for various business uses.
Key Highlights
- High‑traffic location on a major road.
- Large building with over 4,000 square feet.
- Warehouse space with 3 overhead doors and loading dock.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,972
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,440
$459.4K
Cap Rate 7%
$328,171
$328.2K
Cap Rate 9%
$255,244
$255.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$37.9K $9.48/SF
− Vacancy
−$2.6K −$0.64/SF
EGI
$35.3K $8.84/SF
− OpEx
−$12.4K −$3.09/SF
NOI
$23.0K $5.74/SF
Area
Allen County, OH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,440
Cap Rate 7%
$328,171
Cap Rate 9%
$255,244
Alternative Uses
Best Use
Flex RnD
$328.2K
$287.2K – $382.9K
NOI $22,972 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$234.8K
$205.5K – $274.0K
NOI $16,437 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$963.5K
$843.0K – $1.12M
NOI $67,442 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45807, OH
11,856
Population
5,109
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
157
Density / Sq Mi
$74,387
Median Household Income
$41,645
Median Earnings
$967
Median Rent
$192,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Large building with office and warehouse space on an acre.
Where is this flex space located?
The property is located at 1790 N Eastown Rd Lima, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑traffic location on a major road.; Large building with over 4,000 square feet.; Warehouse space with 3 overhead doors and loading dock.
