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    924 Elm St Lima, OH 45805

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    7,306 SF Strip Center, High Visibility

    Lot size:
    7,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,306 square foot retail strip center in Lima, Ohio, presents a compelling investment opportunity. Located at 924 E Elm St, the property boasts a prominent street presence and ample parking with 44 spaces. The building sits on a 0.94-acre lot (40,772 square feet) in Allen County, offering significant visibility and accessibility for customers. Currently, there is 5,929 square feet of vacant space available, ideal for a variety of retail or commercial uses. The existing layout is versatile and adaptable, allowing for customization to suit individual business needs. Large storefront windows maximize natural light and provide excellent visibility from the street. The property's modern amenities and professional exterior create an inviting atmosphere for customers and employees alike. Its strategic location in Lima ensures high foot traffic and brand exposure, making it an excellent choice for businesses seeking a thriving retail environment. The property's flexible layout allows for efficient floor planning and product displays, catering to businesses requiring adaptable space. This is a rare opportunity to secure a well-positioned retail space in a desirable location. The zip code is 45805.

    Property Features for 924 Elm St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,306 SF

    Unit(s) available at that property

    Space
    Space Available
    Size
    5,839 SF

    HighLights

    • 7,306 SF retail strip center in Lima, OH, on a 0.94‑acre lot.
    • 44 parking spaces.
    • 5,929 SF of vacant space available.
    • Versatile layout adaptable to various retail/commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0915454
    Latitude
    40.7372819

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    FAQs

    What type of property is this?
    Neighborhood center - 7,306 SF Strip Center, High Visibility
    Where is this neighborhood center located?
    The property is located at 924 Elm St Lima, OH.
    What are key features of this property?
    This property features: 7,306 SF retail strip center in Lima, OH, on a 0.94-acre lot.; 44 parking spaces.; 5,929 SF of vacant space available.
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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
    924 Elm St Lima, OH 45805
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