Listing Agency: Reichle | Klein Group

Listed By: Lynette Reichle · License #OH 0000447732 Show Phone

Source: Crexi

Added: Apr 1 Changed: Oct 26 Last Checked: Oct 26 at 12:39PM

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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.

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 / Yr

$102,837

Cap Rate

5.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,056,740 $2.1M

Cap Rate 7%

$1,469,100 $1.5M

Cap Rate 9%

$1,142,633 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 25,026 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $488,634 @ 7.0% cap · market cap 26.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

McCullough Motor Sales Car Dealership

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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