Five-Unit Mixed-Use
200 N Metcalf Street, Lima, OH 45801
For Sale
$925,000
Commercial Sale, Lima, OH
Property Size6,912 SF
Price / SF$133.83
Days on Market184
Property Features for 200 N Metcalf Street
General Information
Property type
Property subtype
Zoning
Zoning description
Standard status
APN
Size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Listing Agency:
CCR Realtors · Real Living
(419) 222-0555
Listed By:
Gregory Stolly · License OH #2014001708
(419) 302-1890
Added: May 12
Changed: Oct 2
Last Checked: Nov 11 at 8:06AM
MLS# 310224
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.
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Investment Insights
Based on property information with market context.
This mixed-use property contains 5 total units, with 4 currently rented. Each unit is individually metered, and all leases are structured as NNN. The property includes the commercial space at 608 W. High Street, where the main level measures 6,379 square feet and has 2 years remaining on its lease. Two additional apartments, each measuring 1,180 square feet, are currently vacant. Building systems include natural gas heating and central air conditioning, with public water and public sewer serving the property.
Built in 1990 and zoned Commercial, the property combines leased commercial occupancy with residential units and additional apartment space. The commercial tenant has expressed long-term interest in remaining at the property.
Built in 1990 and zoned Commercial, the property combines leased commercial occupancy with residential units and additional apartment space. The commercial tenant has expressed long-term interest in remaining at the property.
Key Highlights
- 5 total units; 4 are currently rented
- All units individually metered with NNN leases
- Commercial space at 608 W. High Street includes a 6,379‑square‑foot main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,431
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,620
$548.6K
Cap Rate 7%
$391,871
$391.9K
Cap Rate 9%
$304,789
$304.8K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$40.6K $5.88/SF
− Vacancy
−$1.5K −$0.21/SF
EGI
$39.2K $5.67/SF
− OpEx
−$11.8K −$1.70/SF
NOI
$27.4K $3.97/SF
Area
Allen County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,620
Cap Rate 7%
$391,871
Cap Rate 9%
$304,789
Alternative Uses
Best Use
Retail
$391.9K
$342.9K – $457.2K
NOI $27,431 @ 7.0% cap · market cap 2.97%
Second Best
Mixed Use
$330.5K
$289.2K – $385.6K
NOI $23,138 @ 7.0% cap · market cap 2.50%
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
5
Residential units
80%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components feature individual metering, NNN leases, and public utilities.
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: 5 total units; 4 are currently rented; All units individually metered with NNN leases; Commercial space at 608 W. High Street includes a 6,379‑square‑foot main level
