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    Established Optical Practice For Sale Title is generated by Realmo AI

    2155 Allentown Rd, Lima, OH 45805

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    Longstanding optical practice available, 40+ years at current location.

    Type:Office
    Property size:
    4,000 SF
    Price / SF:
    $168/SF
    Added:
    Mar 18, 2026
    Days on Market:
    102
    Last Refresh:
    Mar 20 at 12:26 am

    Property Features for 2155 Allentown Rd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1986

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    Christopher Biuso

    Listing office Marcus & Millichap - Orlando

    Listing date Mar 18, 2026

    Source Crexi

    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 Marcus & Millichap - Orlando

    HighLights

    • Longstanding Optical Practice
    • 40+ Years at Location
    • Year Built: 1986

    Overview

    This commercial property, with a size of 4000 square feet, has housed an optical practice for over 40 years. The property is available for sale.

    Local Financial Insights For Office B

    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 $76.8k $19.20
    − Vacancy −$9.2k −$2.30
    EGI $67.6k $16.90
    − OpEx −$16.9k −$4.22
    NOI $50.7k $12.67
    4,000 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $724.1K
    $633.6K – $844.8K (±1% cap)
    NOI $50,688 @ 7.0% cap · market cap 7.53%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $963.5K
    $843.0K – $1.12M (±1% cap)
    NOI $67,442 @ 7.0% cap · market cap 10.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shawnee Optical - Lima (Bike/Boat/Book/etc) Store Williams Michael F ... Physician Ronald L. Evilsizor, ... Physician Steven Kocher Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Walmart Home Theater Installation — 2450 Allentown Rd, Lima, OH 45805
    • EZ Electronics — 987 N Cable Rd, Lima, OH 45805
    • Lima Computer — 2145 W Spring St, Lima, OH 45805

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.149171
    Latitude
    40.7488519

    FAQs

    What type of property is this?
    Office space - Longstanding optical practice available, 40+ years at current location.
    Where is this office space located?
    The property is located at 2155 Allentown Rd Lima, OH.
    What is the asking price?
    The asking price for this property is $673,500.
    What are key features of this property?
    This property features: Longstanding Optical Practice; 40+ Years at Location; Year Built: 1986
    More about this property
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