Flex Building with Office Flex
2025 E 4th St Lima, OH 45805
2025 E 4th St, Lima, OH, 45805
Contact for pricing
For Sale
Contact for pricing
Includes 23,000 SF of office/flex space scheduled for availability in June 2025 with strong daily street visibility.
Property Size50,088 SF
Price / SF$56.90
Days on Market52
Property Features for 2025 E 4th St
General Information
- Standard status
- Active
- Size
- 50,088 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1967
Listing agency
Dye Real Estate and Land Company
Listed by
Garrett Gatton · License #2019005469
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 22 at 2:00PM
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 Dye Real Estate and Land Company
Investment Insights
Based on property information with market context.
This for-sale flex building contains 50,088 SF total and offers 23,000 SF of office/flex space available in June 2025. The balance of the building is currently leased to established tenants, including Victress Health, S.S.O.E Inc., and Eagle Mark, generating $17,373 per month.
The property is located at 2025 E 4th St in Lima, Ohio, along I-75, positioned between Toledo and Dayton. It provides exceptional visibility on East 4th Street with 13,500+ vehicles daily, and it is situated near Eastgate’s hotels and restaurants.
For buyers and operators seeking a flexible commercial asset, the building supports a range of business uses described for the offering, including office, R&D, showroom, or warehouse/distribution. The available office/flex portion arriving in June 2025 can accommodate an expansion plan or a repositioning strategy while maintaining income from the currently leased space.
The property is located at 2025 E 4th St in Lima, Ohio, along I-75, positioned between Toledo and Dayton. It provides exceptional visibility on East 4th Street with 13,500+ vehicles daily, and it is situated near Eastgate’s hotels and restaurants.
For buyers and operators seeking a flexible commercial asset, the building supports a range of business uses described for the offering, including office, R&D, showroom, or warehouse/distribution. The available office/flex portion arriving in June 2025 can accommodate an expansion plan or a repositioning strategy while maintaining income from the currently leased space.
Key Highlights
- 50,088 SF flex building at 2025 E 4th St, built in 1967
- 23,000 SF of office/flex space scheduled for availability in June 2025
- Remaining space leased to established tenants: Victress Health, S.S.O.E Inc., and Eagle Mark 4
Local Financial Insights For Warehouse
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 | $321.1k | $6.41 |
| − Vacancy | −$27.0k | −$0.54 |
| EGI | $294.0k | $5.87 |
| − OpEx | −$44.1k | −$0.88 |
| NOI | $249.9k | $4.99 |
50,088 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Office B
$9.07M
$7.93M – $10.58M
NOI $634,715 @ 7.0% cap · market cap 22.27%
Second Best
Flex RnD
$4.11M
$3.60M – $4.79M
NOI $287,655 @ 7.0% cap · market cap 10.09%
Theoretical Best
Office A
$12.06M
$10.56M – $14.08M
NOI $844,508 @ 7.0% cap · market cap 29.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bureau of Workers' Compensation
Government Office
Employer Services Department
State Government Office
Industrial Commission of Ohio
Government Office
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FAQs
What type of property is this?
Flex space - Includes 23,000 SF of office/flex space scheduled for availability in June 2025 with strong daily street visibility.
Where is this flex space located?
The property is located at 2025 E 4th St Lima, OH.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 50,088 SF flex building at 2025 E 4th St, built in 1967; 23,000 SF of office/flex space scheduled for availability in June 2025; Remaining space leased to established tenants: Victress Health, S.S.O.E Inc., and Eagle Mark 4
