Property profile

1415 Bellefontaine Ave Lima, OH 45804

FOR LEASE
Retail space
Property ID
US66-0025554
14,840 SF 0.47 ac lot Built 2005
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 14,840-square-foot retail property in Lima, Ohio, presents a unique investment opportunity. Located at 1415 Bellefontaine Avenue, this single-tenant building sits on a nearly two-acre lot (1.96 acres to be exact), boasting approximately 330 feet of frontage on Bellefontaine Avenue. Its strategic position at the signalized intersection of Bellefontaine Avenue, Harding Highway, and South Leonard Avenue ensures high visibility and accessibility. Built in 2005, the one-story building offers convenient access with three curb cuts on South Robert Avenue and South Leonard Avenue, and is only half a mile from Interstate 75. The property includes 65 parking spaces, well-maintained landscaping, and benefits from significant daily traffic counts: 21,698 vehicles on Bellefontaine Avenue, 26,517 on Harding Highway, and 42,287 on I-75 (according to Ohio Department of Transportation). The property is zoned commercial and features a drive-thru, making it ideal for a variety of retail uses. The Allen County location, specifically within the "Outside Metro Area" submarket, offers a strong foundation for business growth. The property's address is 1415 Bellefontaine Ave, Lima, OH 45804, with the APN 37-3212-16-007.000. The entire 14,840 square feet is currently vacant.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 14,840 SF
Lot 0.47 ac (20,299 SF)
APN 37-3212-16-007.000
UPID US66-0025554

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

1415 Bellefontaine Ave Lima, OH 45804
Lima metro Census 12600 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$905k
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$375k

Owner & transaction history

since 2007
2 recorded transactions
2007
$4.8M
2005
$1.0M

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +36.2%
Office building $1.1M +28.6%
Commercial (general) $1.0M +21.8%

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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More about this property
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