Warehouse with Mezzanine
375 Forest Avenue North Lima, OH 44452
375 Forest Avenue, North Lima, OH, 44452
$175,000
For Sale
$175,000
Commercial Sale, Other - North Lima, OH
Property Size840 SF
Lot Size0.24 Acres
Price / SF$208.33
Days on Market109
Property Features for 375 Forest Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.24 Acres
Building Details
- Year built
- 1955
- Architectural style
- Other
Listing Agency
NextHome GO30 Realty
(330) 629-8888
8433 South Avenue, 1-4, OH
Listed by
Dan Dull · License #BRKP.2006000965,PersonLicenseNumber
(330) 540-9745
Added: Mar 30 Checked: Jul 16 at 11:06 pm
MLS# 5197484
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Versatile warehouse property on approximately a quarter-acre in Beaver Township, offering functional space with an office mezzanine for administrative or work use. The building includes elevated ceilings and a 14-foot overhead door, along with an overhead crane to support equipment handling and storage operations.
The property is equipped with gas heat and electricity for year-round usability. An attached or adjacent fenced-in rear area provides secure outdoor space, and a private well supplies water to the site.
This offering is suited for buyers looking for a practical, flexible warehouse setup with clear power and mechanical features, including vehicle access via the overhead door and workspace convenience through the mezzanine office.
The property is equipped with gas heat and electricity for year-round usability. An attached or adjacent fenced-in rear area provides secure outdoor space, and a private well supplies water to the site.
This offering is suited for buyers looking for a practical, flexible warehouse setup with clear power and mechanical features, including vehicle access via the overhead door and workspace convenience through the mezzanine office.
Key Highlights
- 840 sq ft warehouse on approximately ¼ acre in Beaver Township
- 14‑foot overhead door plus overhead crane for equipment and vehicle handling
- Elevated ceilings with gas heat and electricity for year‑round use
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 | $13.4k | $15.96 |
| − Vacancy | −$2.7k | −$3.19 |
| EGI | $10.7k | $12.77 |
| − OpEx | −$2.7k | −$3.19 |
| NOI | $8.0k | $9.58 |
840 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$114.9K
$100.6K – $134.1K
NOI $8,044 @ 7.0% cap · market cap 4.60%
Second Best
Warehouse
$59.9K
$52.4K – $69.9K
NOI $4,191 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$158.5K
$138.7K – $184.9K
NOI $11,096 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Warehouse - Warehouse features a 14-foot overhead door, overhead crane, mezzanine office, gas heat, fenced rear area, and private well.
Where is this warehouse located?
The property is located at 375 Forest Avenue North Lima, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 840 sq ft warehouse on approximately ¼ acre in Beaver Township; 14‑foot overhead door plus overhead crane for equipment and vehicle handling; Elevated ceilings with gas heat and electricity for year‑round use
