Property profile

675 W Market St Lima, OH 45801

FOR SALE
Office buildings
Property ID
US66-5994403
16,216 SF 0.88 ac lot Built 1961
Entity Owned 1-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 16,216 SF
675 W Market St, Lima, OH 45801
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Property summary

AI-generated overview

This exceptional two-story executive office building, located at 675 W Market Street in downtown Lima, Ohio, presents a unique investment opportunity. Boasting 6,438 square feet of Class A office space, this 1961-built structure is constructed of durable block and brick. The property features 17 private offices, four conference rooms equipped with state-of-the-art electronics, four large open workspaces, a high-tech telecommunications room, and two break rooms. Ample parking is provided with 95 enclosed spaces. The building's robust security system ensures peace of mind. Its convenient downtown location places it directly across the street from Mercy Health, offering excellent visibility and accessibility. The property is zoned for commercial use and sits on a parcel identified by APN 36-3608-07-007.000. This fully furnished building is ready for immediate occupancy, offering a turnkey solution for a business seeking a prestigious and well-equipped office space. Detailed specifications and a complete list of features and recent updates are available upon request. The asking price for this exceptional property is $1,349,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1961
Total area 16,216 SF
Lot 0.88 ac (38,159 SF)
APN 36-3608-07-007.000
UPID US66-5994403

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Tax Preparation
  • Business Management Consultant
  • International Trade Consultant
  • Title Company

Location

675 W Market St Lima, OH 45801
Lima metro Census 13300 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
$693k
Blend (final) Blend
$850k

Owner & transaction history

since 2025
Last sale
$1.0M
7 recorded transactions
2025
$1.0M
2023
Price N/A
2023
$900,000
2016
Price N/A
2008
$715,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.3M +41.6%
Medical building $1.1M +22.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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