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125 W North St 36,096 SF 100% Leased Office Building Lima, OH 45801 $1,381,812 CAD ($38.28 CAD/SF) 9.54% Cap Rate
Executive Summary
Great investment opportunity. State agency as long tern tenant. Additional long term tenant. Plus parking garage has 74 rented spaces.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$231,488
|
$6.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,488
|
$6.41
|
| Taxes |
$14,711
|
$0.41
|
| Operating Expenses |
$84,979
|
$2.35
|
| Total Expenses |
$99,690
|
$2.76
|
| Net Operating Income |
$131,798
|
$3.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $231,488 |
| Annual Per SF | $6.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $231,488 |
| Annual Per SF | $6.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,711 |
| Annual Per SF | $0.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $84,979 |
| Annual Per SF | $2.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,690 |
| Annual Per SF | $2.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,798 |
| Annual Per SF | $3.65 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
36,096 SF
Building Class
B
Year Built
1981
Price
$1,381,812 CAD
Price Per SF
$38.28 CAD
Cap Rate
9.54%
NOI
$131,798 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,673 SF
Building FAR
2.59
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
90 Spaces (2.49 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- BJ Inspections
- Construction
- 1,450 SF
- -
- Full Service
- -
- State of Ohio
- Administrative and Support Services
- 5,610 SF
- -
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| BJ Inspections | Construction | 1,450 SF | - | Full Service | - | |
| State of Ohio | Administrative and Support Services | 5,610 SF | - | Full Service | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 37-31-06-21-003.000 | Total Assessment | $70,902 CAD (2025) |
| Land Assessment | $29,269 CAD (2025) | Annual Taxes | $14,711 CAD ($0.41 CAD/SF) |
| Improvements Assessment | $41,633 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
37-31-06-21-003.000
Land Assessment
$29,269 CAD (2025)
Improvements Assessment
$41,633 CAD (2025)
Total Assessment
$70,902 CAD (2025)
Annual Taxes
$14,711 CAD ($0.41 CAD/SF)
Tax Year
2024
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125 W North St
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