435 Elizabeth St Lima, OH 45801-4336
This exceptional industrial property in Lima, Ohio, presents a unique investment opportunity. Located conveniently on the north side of downtown, the complex comprises three distinct buildings totaling 51,400 square feet on a 1.18-acre lot. The main building features 1,330 square feet of office space with direct access to over 12,000 square feet of warehouse space distributed across two levels, served by a functional elevator. Large floor plates are ideal for bulk storage, light manufacturing, or distribution. A connected two-story, all-brick structure adds another 24,000 square feet (12,000 sq ft per floor), providing ample space for warehousing, equipment storage, or similar uses. Its solid brick construction ensures durability and security. Finally, an 8,000 square foot Quonset hut offers clear-span storage, perfect for bulk goods or equipment requiring easy access and wide-open space. The high ceiling and curved steel design maximize usable area and provide excellent weather protection. This versatile property offers significant potential for a variety of commercial and industrial applications, making it an attractive investment in a convenient downtown location. The property is priced at $399,000.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.