1924 Allentown Road, Lima, OH 45805
COMMERCIAL - Lima, OH
- Added:
- Apr 13, 2026
- Days on Market:
- 82
- Last Refresh:
- Jul 3 at 7:06 pm
Property Features for 1924 Allentown Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Parking Lot, Off Street
- Standard status
- Active
- APN
- 36-2610-04-023.000
- Size
- 1,377 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- MACKENZIE TRACT WESTGATE MANOR #7 PT LOT 23405 JOINT TEN FF
- Tax Annual Amount
- 2330
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Brick, Vinyl Siding
Listing agent Randall Faulder (419) 302-6455
Listing office Ron Spencer Real Estate 2895 Harding Highway, Lima, OH (419) 228-8899
Listing date Apr 13, 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
- 1,377 SF single‑story commercial building built in 1961 with a flexible office layout
- Brick and vinyl siding exterior with carpet flooring throughout
- 4‑5 private offices plus a lobby/reception area and 2 restrooms
- Forced air natural gas heat and central air conditioning
- Public water and public sewer; single‑phase electric service
- On‑site parking lot with off‑street parking and a dedicated roadside sign
Overview
The building sits on a 0.298-acre lot and is supported by single-phase electric service. Heating and cooling are provided by forced air heat and central air for year-round comfort. City water and sewer services are in place, supporting day-to-day business operations. Outside, the property includes a private parking lot with off-street parking and a dedicated roadside sign along a well-traveled area.
With its existing office configuration and practical amenities, the space can serve a range of professional and service-based uses, including owner-occupants or investors looking for a flexible office environment. The combination of a reception entry, multiple private offices, and on-site parking makes it well suited for businesses that routinely meet with clients and guests.
Local Financial Insights For Office B
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 | $26.4k | $19.20 |
| − Vacancy | −$3.2k | −$2.30 |
| EGI | $23.3k | $16.90 |
| − OpEx | −$5.8k | −$4.22 |
| NOI | $17.4k | $12.67 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Petco Vaccination Clinic — 2430 Allentown Rd, Lima, OH 45805
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.14505
- Latitude
- 40.748304
