885 Delphos Ave, Lima, OH 45801-3918
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.