1495 Findlay Rd Lima, OH 45801
For Lease
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This 1,176-square-foot industrial building, situated on a 0.55-acre lot in Lima, Ohio, presents a unique investment opportunity. Built in 1970, this single-story Class D property is currently vacant and ready for immediate occupancy. The building is ideally located less than half a mile from I-75 on Findlay Rd, benefiting from excellent highway access and proximity to growing industrial businesses. Its strategic location across from a major limestone quarry further enhances its potential. The property features ample parking for 14 vehicles and a 146-foot frontage. This versatile space is suitable for various uses, including a truck service station or quick-service restaurant (QSR). The property's annual real estate taxes are $1,455, or $121.25 monthly. The annual lease rate is $25,455, translating to a monthly rent of $2,121.25. The Allen County property is identified by APN 37-29-00-02-010.000. This is a single-tenant property with significant potential for growth in a developing area. The property's previous use was as a service station.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.