Industrial Manufacturing
For Sale
Contact for pricing
900 Lima Ave, Findlay, OH 45840
For sale industrial manufacturing facility offering 25,026 square feet of commercial space.
Property Size25,026 SF
Price / SF$75
Days on Market160
Property Features for 900 Lima Ave
General Information
Standard status
Active
Size
25,026 SF
Property subtype
Industrial
Listing Agency:
Reichle | Klein Group
Listed By:
Lynette Reichle · License #OH 0000447732
(419) 794-1114
Source:
Crexi
Added: Apr 1
Changed: Aug 23
Last Checked: Sep 7 at 12:32PM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This for-sale industrial manufacturing facility is classified under manufacturing and industrial commercial property types and includes approximately 25,026 square feet of space. The offering is listed at 900 Lima Ave in Findlay, OH 45840.
The property information provided supports a straightforward industrial/manufacturing use profile with a defined building size for prospective buyers to evaluate. For more detailed specifics on the improvements and conditions, refer to the complete property profile associated with the listing.
The property information provided supports a straightforward industrial/manufacturing use profile with a defined building size for prospective buyers to evaluate. For more detailed specifics on the improvements and conditions, refer to the complete property profile associated with the listing.
Key Highlights
- Industrial manufacturing facility for sale with 25,026 sq ft of commercial space
- For‑sale property includes industrial manufacturing/commercial space totaling 25,026 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,837
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,056,740
$2.1M
Cap Rate 7%
$1,469,100
$1.5M
Cap Rate 9%
$1,142,633
$1.1M
Market Conditions
NOI Build-Up for 25,026 SF
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.
Gross rent
$160.4K $6.41/SF
− Vacancy
−$13.5K −$0.54/SF
EGI
$146.9K $5.87/SF
− OpEx
−$44.1K −$1.76/SF
NOI
$102.8K $4.11/SF
Area
Hancock County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,056,740
Cap Rate 7%
$1,469,100
Cap Rate 9%
$1,142,633
Alternative Uses
Best Use
Industrial
$1.47M
$1.29M – $1.71M
NOI $102,837 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.98M
$6.11M – $8.14M
NOI $488,634 @ 7.0% cap · market cap 26.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - For sale industrial manufacturing facility offering 25,026 square feet of commercial space.
Where is this manufacturing property located?
The property is located at 900 Lima Ave Findlay, OH.
What is the asking price?
The asking price for this property is $1,877,000.
What are key features of this property?
This property features: Industrial manufacturing facility for sale with 25,026 sq ft of commercial space; For‑sale property includes industrial manufacturing/commercial space totaling 25,026 sq ft
