Property profile

165 E Circular St Lima, OH 45804

FOR LEASE
Warehouses
Property ID
US66-2561776
13,774 SF 0.89 ac lot Built 1956
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 13,774 square foot warehouse, located at 165 E Circular St, Lima, OH 45804, presents a compelling investment opportunity at an asking price of $199,900. The property, classified as Class C industrial, boasts a single story design and sits on a generous 1.272-acre lot. Built in 1956 and renovated in 1988, the warehouse features variable ceiling heights ranging from 13 to 20 feet, providing ample storage and operational flexibility. A single loading dock facilitates efficient loading and unloading operations. The property's sprinkler system is currently inactive. The convenient location in Allen County, Ohio, offers easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics. The property's APN is 37311104013000&37311105004000. This warehouse offers significant potential for a variety of industrial uses and represents a strong value proposition in the Lima market. The price per square foot is $14.51.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1956
Total area 13,774 SF
Lot 0.89 ac (38,551 SF)
APN 37-3111-05-004.000
UPID US66-2561776

Cap rate & NOI

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

Location

165 E Circular St Lima, OH 45804
Lima metro Census 13400 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2026
Last sale
$142,200
5 recorded transactions
2026
$100,000
2025
$142,200
2025
Price N/A
2024
Price N/A
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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