916-920 W Market Street, Lima, OH 45805
COMMERCIAL - Lima, OH
- Added:
- Sep 11, 2025
- Days on Market:
- 274
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 916-920 W Market Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 36-3607-02-010.501
- Size
- 18,182 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Building materials
- Concrete, Steel Frame
Listing agent Jeff Dulmage (419) 302-3940
Listing office Hartsock Realty 750 Buckeye Rd, LIMA, OH (419) 222-0447
Listing date Sep 11, 2025
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Medical office building built in 1920 with concrete and steel frame construction
- 7 office suites plus multiple exam rooms, private offices, and a spacious reception/waiting area
- ADA compliant and designed for healthcare use
- Central air and forced air heating; public water and public sewer
- On‑site parking with parking lot
- Within walking distance of Mercy Hospital
Overview
The building is located at 916-920 W Market Street in Lima, Ohio, within walking distance of Mercy Hospital. On-site parking is available, which supports convenient access for staff and patients.
As an owner-user or for investment, the configuration allows for flexibility in how suites are operated and occupied. With dedicated exam room space, private offices, and a reception/waiting area, the building can support a range of medical and related professional practices that benefit from ready-to-use healthcare infrastructure and accessibility.
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 | $349.1k | $19.20 |
| − Vacancy | −$41.9k | −$2.30 |
| EGI | $307.2k | $16.90 |
| − OpEx | −$76.8k | −$4.22 |
| NOI | $230.4k | $12.67 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Petco Vaccination Clinic — 2430 Allentown Rd, Lima, OH 45805
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.123562
- Latitude
- 40.740422
