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    Property profile & analytics
    OFF-MARKET Estimated value $1,500,000
    Warehouses

    701 Vine St, Lima, OH 45804

    47,368 SF 5.16 ac lot Built 1922
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US66-2377402
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Plasticpak Pak Inc Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.50M
    Owner & transaction history
    3bees Rentals LLC · 1 yrs held
    3bees Rentals LLC
    since 2025
    Last sale
    $1.7M
    4 recorded transactions
    2025
    2025
    $1.7M
    1998
    $460,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.3M +38.2%
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