Flex Space with Showroom and
205 W Second St., Delphos, OH 45833
For Sale
New
$399,000
Commercial Sale, Delphos, OH
Property Size5,850 SF
Lot Size0.20 Acres
Price / SF$68.21
Days on Market1
Property Features for 205 W Second St.
General Information
Property type
Property subtype
Zoning description
Bathrooms
Half bathrooms
Rooms
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Siefker Real Estate & Auction Co.
Listed By:
Aaron Siefker
Added: Nov 6
Last Checked: Nov 6 at 7:06PM
MLS# 12059200
Copyright © 2026 My State MLS. 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
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Built in 2005, this 5,850-square-foot flex property brings a showroom and reception area together with workshop and warehouse space. The layout also includes two private offices and separate men’s and ladies’ restrooms. An overhead door provides access to the warehouse, while hot-water floor heating serves the building. Air conditioning is installed in the office and reception areas, and a backup generator is included.
The 0.2-acre property is located one block from Main Street in Delphos, Ohio. Brick construction, a metal roof, linoleum flooring, and public water are among the building’s recorded features.
The 0.2-acre property is located one block from Main Street in Delphos, Ohio. Brick construction, a metal roof, linoleum flooring, and public water are among the building’s recorded features.
Key Highlights
- 5,850‑square‑foot building on a 0.2‑acre lot
- Showroom and reception area alongside workshop and warehouse space
- Two private offices and men’s and ladies’ restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,596
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,920
$671.9K
Cap Rate 7%
$479,943
$479.9K
Cap Rate 9%
$373,289
$373.3K
Market Conditions
NOI Build-Up for 5,850 SF
Gross rent
$55.5K $9.48/SF
− Vacancy
−$3.8K −$0.64/SF
EGI
$51.7K $8.84/SF
− OpEx
−$18.1K −$3.09/SF
NOI
$33.6K $5.74/SF
Area
Allen County, OH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,920
Cap Rate 7%
$479,943
Cap Rate 9%
$373,289
Alternative Uses
Best Use
Flex RnD
$479.9K
$420.0K – $559.9K
NOI $33,596 @ 7.0% cap · market cap 8.42%
Second Best
Warehouse
$417.0K
$364.9K – $486.5K
NOI $29,190 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,634 @ 7.0% cap · market cap 24.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 45833, OH
10,682
Population
4,735
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
72.4 sq mi
ZIP Area
148
Density / Sq Mi
$66,919
Median Household Income
$45,558
Median Earnings
$822
Median Rent
$156,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Allen County, OH
Properties on Market for Flex space in Allen County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- More To Love Catering LLC — 539 s main st, delphos, oh 45833
Frequently Asked Questions
What type of property is this?
Flex space - A flexible commercial layout combines customer-facing space with offices, work area, and direct warehouse access.
Where is this flex space located?
The property is located at 205 W Second St. Delphos, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 5,850‑square‑foot building on a 0.2‑acre lot; Showroom and reception area alongside workshop and warehouse space; Two private offices and men’s and ladies’ restrooms
