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Property profile & analytics
OFF-MARKET
Warehouses

435 Elizabeth St Lima, OH 45801-4336

26,320 SF 1.12 ac lot Built 1920
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-1134481
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Total area 26,320 SF
Lot 1.12 ac (48,700 SF)
APN 37-3011-06-011.000
UPID US66-1134481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
L&w Lima Properties LLC · 4 yrs held
L&w Lima Properties LLC
since 2022
Last sale
$75,000
3 recorded transactions
2024
Price N/A
2023
Price N/A
2022
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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