Heavy Industrial Flex
For Sale
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1814 East 4th Street, Lima, OH 45804
Two-building industrial facility with clear-span warehouse space, multiple drive-in doors, and 14–14.5' clear heights.
Property Size6,150 SF
Lot Size4.46 Acres
Price / SF$113.01
Days on Market104
Property Features for 1814 East 4th Street
General Information
Standard status
Active
Size
6,150 SF
Lot size
4.46 Acres
Property subtype
Industrial
Zoning
I-2; Heavy Industrial
Warehouse & Industrial
Clear Height
14 ft
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1966
Year Renovated
1999
Buildings
3
Listing Agency:
IPB Industrial Property Brokers
Listed By:
Tim Echemann CCIM SIOR · License #OH 0000359250
Source:
Crexi
Added: Jul 15
Changed: Oct 25
Last Checked: Oct 24 at 5:10PM
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 IPB Industrial Property Brokers
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Investment Insights
Based on property information with market context.
This versatile industrial property features two functional buildings totaling 6,150 SF, with office and warehouse space supported by clear-span construction. The warehouse area offers 14'–14.5' clear heights and is equipped with floor drains and multiple drive-in doors to support efficient loading and operations. Additional improvements include boiler heat, 480-volt 225-amp three-phase power, and a 2-ton crane.
The property also includes a 30' x 30' auxiliary building and ample outdoor storage. Zoned I-2 (Heavy Industrial), it is suited for manufacturing, fabrication, warehousing, and other industrial operations.
Additional power and industrial features help support a broad range of heavy-duty uses, while the site’s configuration includes the main warehouse buildings plus the auxiliary structure for added flexibility in day-to-day workflow.
The property also includes a 30' x 30' auxiliary building and ample outdoor storage. Zoned I-2 (Heavy Industrial), it is suited for manufacturing, fabrication, warehousing, and other industrial operations.
Additional power and industrial features help support a broad range of heavy-duty uses, while the site’s configuration includes the main warehouse buildings plus the auxiliary structure for added flexibility in day-to-day workflow.
Key Highlights
- Two‑building industrial facility totaling 6,150 SF on 4.46 acres in Lima, OH
- Zoned I‑2 (Heavy Industrial) with flexibility for manufacturing, fabrication, warehousing, and other industrial operations
- Clear‑span warehouse space with 14'–14.5' clear heights and floor drains for industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,319
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,380
$706.4K
Cap Rate 7%
$504,557
$504.6K
Cap Rate 9%
$392,433
$392.4K
Market Conditions
NOI Build-Up for 6,150 SF
Gross rent
$58.3K $9.48/SF
− Vacancy
−$4.0K −$0.64/SF
EGI
$54.3K $8.84/SF
− OpEx
−$19.0K −$3.09/SF
NOI
$35.3K $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%
$706,380
Cap Rate 7%
$504,557
Cap Rate 9%
$392,433
Alternative Uses
Best Use
Flex RnD
$504.6K
$441.5K – $588.7K
NOI $35,319 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$438.4K
$383.6K – $511.5K
NOI $30,687 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,692 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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 - Two-building industrial facility with clear-span warehouse space, multiple drive-in doors, and 14–14.5' clear heights.
Where is this flex space located?
The property is located at 1814 East 4th Street Lima, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑building industrial facility totaling 6,150 SF on 4.46 acres in Lima, OH; Zoned I‑2 (Heavy Industrial) with flexibility for manufacturing, fabrication, warehousing, and other industrial operations; Clear‑span warehouse space with 14'–14.5' clear heights and floor drains for industrial use
