207 Watt Avenue, Lima, OH 45801
- Added:
- Jul 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 3 at 6:06 pm
Property Features for 207 Watt Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Interior features
- Overhead Door
- Standard status
- Active
- APN
- 37-1907-07-004.000
- Size
- 2,700 SF
Taxes and HOA fees
- Tax Description
- STATE PARK VIEW ALLOTMENT LOTS 10292-10294 & PT 10295 & A/2 VAC ALY FF 143.00 NSRNT
- Tax Annual Amount
- 2202
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Metal Siding, Vinyl Siding
- Roof type
- Asphalt, Metal
Listing agent Cheryl Faulder (419) 302-6456
Listing office Ron Spencer Real Estate 2895 Harding Highway, Lima, OH (419) 228-8899
Listing date Jul 1, 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
- 2,700 SF commercial property in Bath Twp with retail showroom and warehouse/shop space
- Approx. 1,188 SF vinyl‑sided showroom/office with gas forced air heating and central air
- 50x30 steel‑sided shop/storage area with steel roof and large overhead door (no heat or A/C)
- Metal and vinyl siding exterior, with tile flooring
- Public water and public sewer
- Parking lot on site; built in 1990
Overview
The property is located at 207 Watt Avenue in Lima, Ohio (Allen County). It is presented as a well-maintained building positioned for businesses that need both customer-facing space and functional storage or shop capacity.
For an owner-operator or tenant seeking one facility to support retail-facing operations and back-of-house work, the showroom/office HVAC-equipped area paired with the drive-access shop/storage offers a practical configuration. The overhead door and dedicated shop space can support light industrial or service uses that benefit from straightforward vehicle access, while the conditioned showroom helps accommodate customer visits and day-to-day office needs. The listing is offered for sale at $200,000.
Local Financial Insights For Flex RnD
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 | $25.6k | $9.48 |
| − Vacancy | −$1.7k | −$0.64 |
| EGI | $23.9k | $8.84 |
| − OpEx | −$8.3k | −$3.09 |
| NOI | $15.5k | $5.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.108139
- Latitude
- 40.767167
