Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    910 Industry Ave Lima, OH 45804-4170
    Back to Search
    Property profile & analytics

    910 Industry Ave Lima, OH 45804-4170

    View on Map
    • Warehouses
    • 12,000 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Apr 29, 2024
    $465,000
    Property ID
    US66-2110935
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 910 Industry Ave

    Year built
    1987
    Lot size
    1.00 lot acres
    Property size
    12,000 SF
    Property type
    Warehouses
    APN
    47-0506-03-002.001
    APU
    47050603002001

    Description

    This exceptional 10,000-square-foot industrial property, located at 910 Industry Ave, Lima, OH 45804, presents a unique opportunity for businesses seeking flexible and adaptable warehouse or flex space. Situated on a one-acre lot in Allen County, this single-building property boasts a 12-foot ceiling height, providing ample vertical storage capacity. Built in 1987, the building offers multiple tenancy options, allowing for customization to suit various business needs. The property includes convenient features such as two drive-in doors for easy loading and unloading, and twelve parking spaces for employees and clients. Three-phase power is available, catering to businesses with higher energy demands. Its strategic location offers excellent accessibility, being less than a mile from I-75, ensuring seamless transportation for both goods and personnel. The property is ideal for businesses seeking a customizable space with convenient access and ample parking. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving area. The property is available for lease with flexible terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0832
    Latitude
    40.7275
    CBSA code
    30620
    CBSA name
    LIMA, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,791
    $16,100
    $81,030
    $97,130
    -
    $46,000
    $231,500
    $277,500

    Comparable in this City

    • Value Estimation
      $14,045,000
      356,950 SF

      400 Hanthorn Rd

      WAREHOUSE, STORAGE • 356,950 SF
      400 Hanthorn Rd, Lima, OH 45804-2460
      View Details
    • Value Estimation
      $670,000
      9,000 SF

      2727 Saint Johns Rd

      WAREHOUSE, STORAGE • 9,000 SF
      2727 Saint Johns Rd, Lima, OH 45804-4028
      View Details
    • Value Estimation
      $2,215,000
      50,000 SF

      2350 Central Pt Pkwy

      WAREHOUSE, STORAGE • 50,000 SF
      2350 Central Pt Pkwy, Lima, OH 45804-3806
      View Details
    • Value Estimation by Request
      23,400 SF

      1400 Metcalf St

      WAREHOUSE, STORAGE • 23,400 SF
      1400 Metcalf St, Lima, OH 45804-1180
      View Details
    • Value Estimation by Request
      5.58 Acres

      300 Hanthorn Rd

      WAREHOUSE, STORAGE • 5.58 Acres
      300 Hanthorn Rd, Lima, OH 45804-2458
      View Details
    • Value Estimation
      $655,000
      13,990 SF

      4320 Harding Hwy

      WAREHOUSE, STORAGE • 13,990 SF
      4320 Harding Hwy, Lima, OH 45804-3636
      View Details

    Similar Nearby for Sale

    • $3,495,000
      61,154 SF

      Lima Truck Terminal and Warehouse

      12.37 acre property with two buildings and ample parking.
      3456 Saint Johns Rd, Lima, OH 45804
      View Details
    • $1,200,000
      35,794 SF

      Industrial Property with Multiple Buildings

      Industrial property featuring four buildings, ample parking, and public utilities.
      2395 Saint Johns Rd, Lima, OH 45804
      View Details
    • $150,000
      3,150 SF

      Industrial Building - Lima, OH

      Spacious industrial space, updated utilities, great location.
      170 Perry St, Lima, OH 45804
      View Details
    • $70,000

      Metal Pole Barn Near Lincoln Park

      Metal pole barn suitable for auto shop or retail use.
      170 S Perry St, Lima, OH 45804
      View Details
    • Contact for pricing
      14,406 SF

      Lima, OH Walgreens Investment Property

      Investment-grade Walgreens with drive-thru and zero landlord responsibilities.
      2366 Harding Hwy, Lima, OH 45804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease featuring ample power and offices.
      1010 E High St, Lima, OH 45804
      View Details
    • $6,194 /Mo

      Versatile Commercial Space in Lima

      Over 300,000 sq ft of rentable office and industrial space.
      750 Buckeye Rd, Lima, OH 45804
      View Details
    • $29,109

      Versatile Commercial Space in Lima

      Over 300,000 sq ft of rentable office and industrial space.
      750 Buckeye Rd, Lima, OH 45804
      View Details
    • $4,000 /Mo
      6,000 SF

      Industrial Warehouse Near Interstate 75

      6,000 SF warehouse with flexible options near I-75.
      1359 Hanthorn Rd, Lima, OH 45804
      View Details
    • Contact for pricing
      48,928 SF

      Warehouse Space with Rail Access

      348,342 SF warehouse with rail service available for lease.
      2050 N Sugar St, Lima, OH 45804
      View Details
    • $4,000 /Mo
      6,800 SF

      Lima Commercial Space For Rent

      6,800 SF commercial space with offices and shop area.
      1359 E Hanthorn Rd, Lima, OH 45804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    910 Industry Ave
    Lima, OH 45804-4170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    910 Industry Ave, Lima, OH, 45804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!