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    927 Cable Rd Lima, OH 45805

    Sponsored
    For Lease
    $132 SF/Yr

    Prime Lima retail space, 238,000 sq ft available.

    Lot size:
    238,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Clocktower Plaza, located at 927 N Cable Rd, Lima, OH 45805, presents a significant retail investment opportunity. This single-tenant strip center boasts a substantial 238,000 square feet of vacant space, representing a unique chance to establish a major presence in the Lima market. Currently at 25% occupancy, the plaza offers considerable potential for growth and development. Existing tenants include well-known national and regional brands such as Pet Supplies Plus, Dollar Tree, Planet Fitness, and GameStop, demonstrating the location's appeal and drawing power. The property benefits from a highly visible location with easy access, enhanced by a traffic light and ample parking. The property management is actively committed to ongoing improvements, aiming to increase the overall value and desirability of the plaza. Various leasing options are available to accommodate diverse space requirements, making this a flexible and attractive proposition for businesses seeking to expand or establish themselves in a thriving Lima community. This is an exceptional opportunity to create a premier shopping destination in a prime location within a flourishing area.

    Property Features for 927 Cable Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    238,000 SF

    Unit(s) available at that property

    Space
    Available Suite 1
    Size
    238,000 SF
    Rate per SF
    $132

    HighLights

    • 238,000 square feet of vacant space available in a Lima, OH retail center.
    • 25% occupancy rate with existing tenants including Pet Supplies Plus, Dollar Tree, Planet Fitness, and GameStop.
    • High‑visibility location with easy access, traffic light, and ample parking.
    • Active property management focused on improvements and increasing value.
    • Flexible leasing options available to accommodate various space requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Judgement Free Zone Gym Palm Beach Tan Tanning Salon China Wok Chinese Restaurant Gary D. Adams ... Pharmacy Ray's Clock Tower ... Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1496968
    Latitude
    40.7534566

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Lima retail space, 238,000 sq ft available.
    Where is this neighborhood center located?
    The property is located at 927 Cable Rd Lima, OH.
    What is the lease rate?
    The lease rate is $132 SF/Yr.
    What are key features of this property?
    This property features: 238,000 square feet of vacant space available in a Lima, OH retail center.; 25% occupancy rate with existing tenants including Pet Supplies Plus, Dollar Tree, Planet Fitness, and GameStop.; High-visibility location with easy access, traffic light, and ample parking.
    Request Owner's contact information
    927 Cable Rd Lima, OH 45805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    927 Cable Rd Lima, OH 45805
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