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Versatile Building on High-Traffic Road

1790 N Eastown Rd Lima, OH 45807

1790 N Eastown Rd, Lima, OH, 45807
$350,000
For Sale
Claim this Listing
$350,000

Large building with office and warehouse space on an acre.

Property Size4,000 SF
Lot Size0.99 Acres
Price / SF$87.50
AddedSep 5, 2025
Days on Market314
Last RefreshJul 14 at 3:48 am

Property Features for 1790 N Eastown Rd

General Information

Standard status
Active
Size
4,000 SF
Lot size
0.99 Acres

Listing office Berkshire Hathaway Professional Realty

Listing date Sep 5, 2025

Source Exprealty

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


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.

Local Financial Insights For Flex RnD

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 $37.9k $9.48
− Vacancy −$2.6k −$0.64
EGI $35.3k $8.84
− OpEx −$12.4k −$3.09
NOI $23.0k $5.74
4,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$328.2K
$287.2K – $382.9K (±1% cap)
NOI $22,972 @ 7.0% cap · market cap 6.56%
Second Best
Warehouse
$285.1K
$249.5K – $332.7K (±1% cap)
NOI $19,959 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$963.5K
$843.0K – $1.12M (±1% cap)
NOI $67,442 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Parking Lot & Garage HVAC Service Real Estate Agency Grocery & Convenience Store Garden Center Barber Shop Electrical Service Computer & Electronic Repair Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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