Property profile

885 Delphos Ave Lima, OH 45801

OFF-MARKET
Auto shops
Property ID
US66-6126329
6,474 SF 0.56 ac lot Built 1963
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 10,410-square-foot industrial building in Lima, Ohio, presents a unique investment opportunity. Located at 885 Delphos Ave, this single-story, Class B property sits on a 0.56-acre lot and boasts a 16-foot ceiling height. Built in 1963 and renovated in 1969, the building is zoned for commercial garages, offering versatile usage potential. The property's adaptable layout includes a reception area and a private office, making it suitable for a variety of businesses. The building's functionality is further enhanced by drive-thru doors, ideal for businesses requiring easy access for vehicles and equipment. With a net rentable area of 10,410 square feet, the asking price is $249,000, translating to $23.92 per square foot. The property's APN is 36-2512-11-005.000, and it is privately owned. This all-purpose flex building is ready for immediate occupancy and presents a compelling opportunity for entrepreneurs and investors alike. Its location in Lima, Allen County, Ohio (zip code 45801) provides convenient access to transportation routes and local amenities. The property's adaptable design and prime location make it an attractive option for a wide range of commercial uses, including distribution, flex space, and manufacturing.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1963
Total area 6,474 SF
Lot 0.56 ac (24,394 SF)
APN 36-2512-11-005.000
UPID US66-6126329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

885 Delphos Ave Lima, OH 45801-3918
Lima metro Census 12900 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2025
Last sale
$145,700
2 recorded transactions
2025
$145,700
2003
$144,000

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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