Lima, OH
Commercial Real Estate Market Trends & Data

$124 Avg asking sale price
$5,127 Avg asking lease rate
36,901 SF Avg unit lease size
41,994 SF Avg building size for sale
7.54% Average cap rate

Lima's Demographic Profile

Lima has 14,988 households and a median income of $39,045, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 37,566
# Households 14,988
Median age 37
Median household income $39,045
Avg household size 2.0
Renter-occupied housing units 8,121
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lima, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lima $106 13,040 SF 9.54%
Findlay $209 5,666 SF 7.17%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lima $86 94,805 SF 4.37%
Delphos $95 138,932 SF 6.34%
Nearby Retail Markets Avg Cost/SF Typical Size
Lima $184 9,597 SF
Elida $95 146,764 SF
Wapakoneta $103 6,040 SF
Wapak $103 6,040 SF
Bluffton $95 146,764 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Urbana $170 5,384 SF 7.11%
Ossian $174 104,550 SF 6.45%
Fort Wayne $68 47,478 SF 6.10%

Commercial Properties For Sale in Lima

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1900 N. West Street, Lima, OH 45801

Lima, OH 45801

  • 966 SF Flex Building
  • $138,000
For Sale

1700 Elida Rd

Lima, OH 45805

  • 45,000 SF Industrial Building
  • $2,750,000
For Sale

1814 E 4th St

Lima, OH 45804

  • 6,060 SF Industrial Building
  • $695,000
For Sale

1162 Latham Ave

Lima, OH 45805

  • 9,900 SF Industrial Building
  • $399,000
For Sale

Robb Overpass

Lima, OH 45801

  • 2,874 SF Industrial Building
  • $399,000
For Sale

Elm Portfolio

Lima, OH

  • Office Building
  • 7.90% Cap Rate
  • $1,395,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lima pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lima $124 41,994 SF
Elida $95 146,764 SF
Cridersville $54 8,834 SF
Columbus Grove $145 5,595 SF
Wapakoneta $73 67,020 SF

Regional Demographic Comparison

This comparison places Lima alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lima or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lima 37,566 14,988 37 $39,045 2 8,121 1%
Elida 1,766 670 41 $72,499 3 106 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lima, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lima

View All Commercial Real Estate For Sale in Lima
Is Lima a good market for a first-time commercial real estate investor?

Lima offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lima?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lima. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lima?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lima. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lima compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lima. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lima acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lima, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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