1900 N West Street, Lima, OH 45801
- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 4:06 pm
Property Features for 1900 N West Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 10
- Standard status
- Active
- APN
- 37190702010000
- Size
- 966 SF
Taxes and HOA fees
- Tax Description
- STATE PARK VIEW ALLOTMENT LOT 10271 WHOLE-5FT N SIDE FF 40.0
- Tax Annual Amount
- 933
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Frame
- Roof type
- Metal
Listing agent Randall Faulder (419) 302-6455
Listing office Ron Spencer Real Estate 2895 Harding Highway, Lima, OH (419) 228-8899
Listing date Jun 18, 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.
HighLights
- Single‑story 966 SF commercial building plus a rear 600 SF 1BR/1BTH efficiency apartment
- Front area currently operating as a barber shop; rear apartment includes 13x20 kitchen, 9x11 living room, and a full bath
- Off‑street private parking with 10+ spaces plus a 16x24 detached 1‑car garage
- Built in 1946 with frame construction, vinyl flooring, metal roof, and central air
- Utilities include public water and public sewer with electric, natural gas, and forced‑air heating
Overview
The building sits on a corner lot and offers high visibility, with access supported by private parking. City water and sewer service are in place. The property is zoned B1.
This setup can fit a tenant seeking an owner-operator or mixed-use arrangement, combining a street-facing retail space with a separate rear living unit. The detached garage and dedicated parking can also support everyday convenience for the retail operation and the residential tenant. The existing barber shop configuration provides a defined commercial footprint in front, while the rear efficiency apartment offers a distinct second space within the same building.
Local Financial Insights For Apartment 5plus
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 | $15.1k | $15.60 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $13.6k | $14.07 |
| − OpEx | −$6.1k | −$6.33 |
| NOI | $7.5k | $7.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.108589
- Latitude
- 40.768386
