Property profile

311 Market St Lima, OH 45801

OFF-MARKET
Office buildings
Property ID
US66-2175387
43,644 SF 1.73 ac lot Built 1920
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a substantial 30,000+ square foot office building situated on a 1.7-acre lot in the heart of Lima, Ohio. Its prime location offers immediate proximity to the vibrant downtown area, ensuring high visibility and accessibility. Currently generating income, this property represents a strong, established investment with significant upside potential. The building's substantial size allows for a variety of uses and future development possibilities, catering to a diverse range of tenants or expansion plans. The 1.7-acre lot provides ample space for potential additions, renovations, or even redevelopment projects, allowing for significant long-term growth and return on investment. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving urban core. Given its size, location, and current income stream, this property is ideally suited for investors seeking a stable, high-return investment with considerable future development potential. Serious inquiries only. No signage is present on the property. Contact for showing.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 43,644 SF
Lot 1.73 ac (75,315 SF)
APN 37-3107-03-002.000
UPID US66-2175387

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
  • Law Firm Financial Advisor
  • Tutoring Service
  • Church Mosque
  • Home Health Care Service
  • Home Health Care Service

Location

311 Market St Lima, OH 45801-4535
Lima metro Census 14100 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$560k

Owner & transaction history

since 2026
Last sale
$1.3M
7 recorded transactions
2026
$1.3M
2022
Price N/A
2021
Price N/A
2019
Price N/A
2017
Price N/A
2012
$715,000
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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