Flex Office and Warehouse
3945 Stewart Road Lima, OH 45801
3945 Stewart Road, Lima, OH, 45801
Contact for pricing
For Sale
Contact for pricing
A renovated mixed-use flex building with office space and warehouse/storage area for flexible business operations.
Property Size2,400 SF
Price / SF$91.67
Days on Market50
Property Features for 3945 Stewart Road
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1972
Listing agency
Dye Real Estate and Land Company
Listed by
Garrett Gatton · License #2019005469
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 12:29PM
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 Dye Real Estate and Land Company
Investment Insights
Based on property information with market context.
This property is a 2,400-square-foot flex building combining office/retail space with warehouse or storage. The layout includes 1,600 square feet of office/retail area and 800 square feet dedicated to warehouse or storage, along with two offices and two bathrooms. A single overhead door supports practical loading needs, and the building is equipped with an LED light system that was added a few years ago. Improvements also include a Culligan water filtration system, a security system, and an ADA-compliant design. Recent updates include bathroom improvements, fresh interior and exterior paint, new carpet, segmented storage space, and an upgraded electrical system in the warehouse. The roof was added in 2023, and the blacktop was re-sealed and lined.
Located at 3945 Stewart Road in Lima, Ohio, the building is suited to companies that want both customer-facing space and functional storage in one structure. Exterior surfaces have been addressed with re-sealed and lined blacktop, supporting day-to-day vehicle access.
For tenants or buyers seeking a move-in-ready setup, the combination of office/retail use, ADA compliance, and warehouse/storage configuration can support a range of service, distribution, and light industrial operations. With multiple interior updates and key building systems already in place, it provides a practical foundation for immediate use.
Located at 3945 Stewart Road in Lima, Ohio, the building is suited to companies that want both customer-facing space and functional storage in one structure. Exterior surfaces have been addressed with re-sealed and lined blacktop, supporting day-to-day vehicle access.
For tenants or buyers seeking a move-in-ready setup, the combination of office/retail use, ADA compliance, and warehouse/storage configuration can support a range of service, distribution, and light industrial operations. With multiple interior updates and key building systems already in place, it provides a practical foundation for immediate use.
Key Highlights
- 2,400 SF mixed‑use flex building with 1,600 SF office/retail space and 800 SF warehouse/storage
- New roof added in 2023
- LED light system added a few years ago and upgraded electrical in the warehouse
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 | $22.8k | $9.48 |
| − Vacancy | −$1.5k | −$0.64 |
| EGI | $21.2k | $8.84 |
| − OpEx | −$7.4k | −$3.09 |
| NOI | $13.8k | $5.74 |
2,400 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 13.82%
Second Best
Flex RnD
$196.9K
$172.3K – $229.7K
NOI $13,783 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$578.1K
$505.8K – $674.4K
NOI $40,465 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - A renovated mixed-use flex building with office space and warehouse/storage area for flexible business operations.
Where is this flex space located?
The property is located at 3945 Stewart Road Lima, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,400 SF mixed‑use flex building with 1,600 SF office/retail space and 800 SF warehouse/storage; New roof added in 2023; LED light system added a few years ago and upgraded electrical in the warehouse
