Property profile

701 Vine St Lima, OH 45804

OFF-MARKET
Warehouses
Property ID
US66-2377402
47,368 SF 5.16 ac lot Built 1922
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 150,000-square-foot manufacturing facility, located at 701 W. Vine Street in Lima, Ohio, presents a compelling investment opportunity. Built in 1940 and situated on a large fenced lot, the property boasts a desirable Second Industrial Heavy zoning permit. The asking price is $1,900,000, translating to a competitive price per square foot of $12.67. Currently fully leased, this income-producing asset offers a strong 8% capitalization rate, making it an attractive addition to any portfolio. The building features impressive ceiling heights ranging from 12 to 20 feet, providing ample space for various manufacturing operations. Its strategic location in Allen County, Ohio, with the address 701 W Vine St, Lima, OH 45804 (40.7257524, -84.1152958), offers excellent access to transportation networks and a skilled workforce. This property is ideal for investors seeking a stable, high-yield industrial asset with significant long-term potential. The substantial size and versatile zoning make it suitable for a wide range of manufacturing uses. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record and significant upside.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1922
Total area 47,368 SF
Lot 5.16 ac (224,770 SF)
APN 46-0108-04-001.000
UPID US66-2377402

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
  • Factory Production Facility

Location

701 Vine St Lima, OH 45804
Lima metro Census 13400 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
by Request
Blend (final) Blend
$520k

Owner & transaction history

since 2025
Last sale
$1.7M
4 recorded transactions
2025
Price N/A
2025
$1.7M
1998
$460,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.3M +38.2%

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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