Technical
Financial
Distress signals
Property profile

123 E Wayne St Lima, OH 45801

FOR SALE
Warehouses
Property ID
US66-0765679
47,528 SF 0.29 ac lot Built 1916
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 47,508 square foot warehouse presents a unique opportunity for redevelopment in Lima, Ohio. Situated on a 0.291-acre lot, the property boasts significant parking space located behind the building, providing ample room for loading, unloading, and employee parking. The existing structure offers substantial square footage, ideal for a variety of development projects. Its strategic location within Lima offers easy access to major transportation routes, enhancing its appeal for businesses requiring efficient logistics. The asking price for this property is $750,000. Given its size, location, and existing infrastructure, this warehouse represents a compelling investment opportunity for developers seeking a substantial project in a growing market. The property's substantial size and ample parking make it suitable for a wide range of uses, from light industrial to warehousing and distribution. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is zoned for [insert zoning information if available in original data, otherwise omit this sentence].

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1916
Total area 47,528 SF
Lot 0.29 ac (12,676 SF)
APN 37-3106-05-003.000
UPID US66-0765679

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

123 E Wayne St Lima, OH 45801
Lima metro Census 14100 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2022
$40,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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