Property profile

1840 Mccullough St Lima, OH 45801

OFF-MARKET
Warehouses
Property ID
US66-4252786
1.92 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 1840 N McCullough St, Lima, Ohio 45801, presents a compelling investment opportunity. The 4.5 million dollar asking price reflects the significant value offered by this light industrial zoned facility. Boasting a substantial 134 parking spaces, the property ensures ample room for employees and visitors. Its strategic location provides convenient access to I-75, streamlining logistics and transportation. The building itself features six dock-high doors, facilitating efficient loading and unloading operations. High ceilings, ranging from 20 to 29 feet, provide ample vertical space for various industrial uses, including manufacturing and warehousing. Further enhancing its functionality is the inclusion of substantial outside storage space, offering additional capacity for materials and equipment. The property also benefits from heavy power capabilities, accommodating energy-intensive operations. This well-appointed facility is ideally suited for a range of industrial businesses seeking a strategically located, well-equipped space in Allen County, Ohio. The property's combination of features, including ample parking, convenient highway access, high ceilings, multiple dock doors, and substantial outside storage, makes it a highly desirable asset in the Lima industrial market. The property is zoned for light industrial use.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 1.92 ac (83,809 SF)
APN 37-1900-01-009.000
UPID US66-4252786

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
  • Auto Repair Shop
  • Auto Repair Shop

Location

1840 Mccullough St Lima, OH 45801-3059
Lima metro Census 11200 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2016
1 recorded transaction
2016
$2.5M

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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