Retail and Storage
3600 Elida Rd, Elida, OH 45807
For Sale
Contact for pricing
Multi-tenant retail, pet grooming, and small automotive storage setup on a high-traffic Elida Road corridor.
Property Size13,436 SF
Lot Size1.51 Acres
Price / SF$59.17
Days on Market146
Property Features for 3600 Elida Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
CCR , Realtors
Listed By:
Greg Stolly · License OH #2014001708
(419) 302-1890
Source:
Crexi
Added: Jun 19
Changed: Oct 26
Last Checked: Nov 10 at 8:43AM
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 CCR , Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This sale includes a very nice commercial property comprised of two parcels on 1.51 acres. The property supports multiple current tenants, including Bathfitter, a barber/beauty operation, and a pet grooming tenant, along with smaller storage units and small automotive garage spaces. The overall offering is positioned for flexible day-to-day use across retail/service and compact storage/garage needs.
The property is located on Elida Rd in Lima, Ohio, and is described as being in a very high traffic area. That visibility and traffic profile can be important for service-based tenants seeking steady customer access, while the smaller garage and storage units can appeal to tenants looking for practical, on-site space.
For buyers, the mix of storefront and small automotive/storage uses may support an operator or owner looking to manage a diversified tenant roster within one consolidated site. For prospective tenants, the configuration offers an opportunity to join established service and storage operations rather than a single-use environment. Current occupancy includes recognizable service categories, including bath remodeling, personal grooming, and pet grooming, alongside smaller storage and garage-style spaces.
The property is located on Elida Rd in Lima, Ohio, and is described as being in a very high traffic area. That visibility and traffic profile can be important for service-based tenants seeking steady customer access, while the smaller garage and storage units can appeal to tenants looking for practical, on-site space.
For buyers, the mix of storefront and small automotive/storage uses may support an operator or owner looking to manage a diversified tenant roster within one consolidated site. For prospective tenants, the configuration offers an opportunity to join established service and storage operations rather than a single-use environment. Current occupancy includes recognizable service categories, including bath remodeling, personal grooming, and pet grooming, alongside smaller storage and garage-style spaces.
Key Highlights
- Multi‑tenant commercial property built in 1958 in a high‑traffic area on Elida Rd in Lima, OH
- Includes 2 parcels totaling 1.51 acres
- Current tenant mix includes Bathfitter, a barbershop/beauty salon, and pet grooming
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,323
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,460
$1.1M
Cap Rate 7%
$761,757
$761.8K
Cap Rate 9%
$592,478
$592.5K
Market Conditions
NOI Build-Up for 13,436 SF
Gross rent
$79.0K $5.88/SF
− Vacancy
−$2.8K −$0.21/SF
EGI
$76.2K $5.67/SF
− OpEx
−$22.9K −$1.70/SF
NOI
$53.3K $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%
$1,066,460
Cap Rate 7%
$761,757
Cap Rate 9%
$592,478
Alternative Uses
Best Use
Retail
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,537 @ 7.0% cap · market cap 28.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
146k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Home Improvements & Furnishings 30%
Groceries 24%
Shops & Services 3%
Lowe's
Home Improvements & Furnishings
39,468 visits/mo
0.3 miles
Applebee's
Dining
22,526 visits/mo
0.4 miles
Aldi
Groceries
19,678 visits/mo
0.5 miles
Gordon Food Service
Groceries
15,057 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,623 visits/mo
0.4 miles
Demographics for 45807, OH
11,856
Population
5,109
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
157
Density / Sq Mi
$74,387
Median Household Income
$41,645
Median Earnings
$967
Median Rent
$192,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Allen County, OH
Properties on Market for Storefront properties in Allen County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail, pet grooming, and small automotive storage setup on a high-traffic Elida Road corridor.
Where is this storefront property located?
The property is located at 3600 Elida Rd Elida, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Multi‑tenant commercial property built in 1958 in a high‑traffic area on Elida Rd in Lima, OH; Includes 2 parcels totaling 1.51 acres; Current tenant mix includes Bathfitter, a barbershop/beauty salon, and pet grooming
