NNN-Leased Mixed-Use
New
For Sale
$925,000
200 N Metcalf Street, Lima, OH 45801
Individually metered spaces combine commercial occupancy with vacant apartment units.
Property Size6,912 SF
Price / SF$133.83
Days on Market3
Property Features for 200 N Metcalf Street
General Information
Standard status
Active
Size
6,912 SF
Zoning
Commercial
Site & Location
Utilities to Site
Yes
Mixed-Use Components
commercial, residential
Additional Details
Gross Income
$51,300
Tenant in Place
Yes
Amenities
true
Public
6912
Building Details
Building Size
6,912 SF
Year Built
1990
Listing Agency:
CCR Realtors
Listed By:
Gregory Stolly
Source:
Binkleyre
Added: Oct 30
Last Checked: Oct 30 at 2:27PM
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 CCR Realtors
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Investment Insights
Based on property information with market context.
At 200 N Metcalf Street in Lima, this commercial-zoned mixed-use property includes five units, four of which are occupied. Each unit is individually metered, and leases are structured on an NNN basis.
The commercial space at 608 W. High Street comprises 6,379 square feet on the main level and has a tenant in place with two years remaining on the lease. The property also includes two vacant apartments, each measuring 1,180 square feet. The building was constructed in 1990.
The commercial space at 608 W. High Street comprises 6,379 square feet on the main level and has a tenant in place with two years remaining on the lease. The property also includes two vacant apartments, each measuring 1,180 square feet. The building was constructed in 1990.
Key Highlights
- Five total units; four are currently rented
- Individually metered units with NNN leases
- 6,379‑square‑foot main‑level commercial space at 608 W. High Street, leased with two years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,493
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,860
$1.1M
Cap Rate 7%
$764,186
$764.2K
Cap Rate 9%
$594,367
$594.4K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$107.8K $15.60/SF
− Vacancy
−$10.6K −$1.53/SF
EGI
$97.3K $14.07/SF
− OpEx
−$43.8K −$6.33/SF
NOI
$53.5K $7.74/SF
Area
Allen County, OH
Vacancy
9.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,860
Cap Rate 7%
$764,186
Cap Rate 9%
$594,367
Alternative Uses
Best Use
Apartment 5plus
$764.2K
$668.7K – $891.6K
NOI $53,493 @ 7.0% cap · market cap 5.78%
Second Best
Retail
$391.9K
$342.9K – $457.2K
NOI $27,431 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,540 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 39%
Home Improvements & Furnishings 6%
Hotels & Casinos 5%
McDonald's
Dining
19,448 visits/mo
0.1 miles
Huntington Bank
Shops & Services
6,813 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,752 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
2,959 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
2,696 visits/mo
0.1 miles
Demographics for 45801, OH
22,819
Population
9,351
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
90%
High-School Grad
45.7 sq mi
ZIP Area
499
Density / Sq Mi
$47,442
Median Household Income
$33,224
Median Earnings
$865
Median Rent
$111,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Individually metered spaces combine commercial occupancy with vacant apartment units.
Where is this mixed-use property located?
The property is located at 200 N Metcalf Street Lima, OH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Five total units; four are currently rented; Individually metered units with NNN leases; 6,379‑square‑foot main‑level commercial space at 608 W. High Street, leased with two years remaining
