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    For Sale (29)

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    Downtown Mansfield Office Building
    $750,000
    60,000 SF

    Downtown Mansfield Office Building

    Partially renovated office building in Mansfield's Central Business District.

    35 Park St, Mansfield, OH 44902
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    Income-Producing Commercial Building in Mansfield
    $64,900
    2,531 SF

    Income-Producing Commercial Building in Mansfield

    Commercial building with income potential, rental units, and convenient location.

    205 Spring St, Mansfield, OH 44902
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    Residential Lot in Mansfield, OH
    Contact for pricing
    0.31 Acres

    Residential Lot in Mansfield, OH

    0.31-acre corner lot, ideal for building a home.

    Wesley Ave, Mansfield, OH 44905
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    Versatile Commercial Space in Mansfield
    Contact for pricing
    750 SF

    Versatile Commercial Space in Mansfield

    750 sq ft commercial space ideal for various businesses.

    270 Lexington Ave, Mansfield, OH 44907
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    Renovated Cape Cod Duplex
    $155,000
    0.34 Acres

    Renovated Cape Cod Duplex

    Recently renovated duplex, ideal for investors, near downtown Ashland.

    945 Virginia Ave, Ashland, OH 44805
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    Wooded Lot in Lucas, Ohio
    Contact for pricing
    0.83 Acres

    Wooded Lot in Lucas, Ohio

    0.8334-acre wooded lot perfect for building your dream home.

    Lemley Ave, Mansfield, OH 44903
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    Mansfield Multifamily Investment Opportunity
    $299,900
    12,807 SF

    Mansfield Multifamily Investment Opportunity

    Nine-unit apartment building near Ohio Health Mansfield Hospital.

    120 Sturges Ave, Mansfield, OH 44903
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    Turnkey Pizzeria in Prime Location
    $489,000
    1,380 SF

    Turnkey Pizzeria in Prime Location

    Established pizzeria for sale in high-traffic Ashland, Ohio.

    547 Main St, Ashland, OH 44805
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    Commercial Lots with Renovation Potential
    $349,900
    1,805 SF

    Commercial Lots with Renovation Potential

    Two commercial lots with structures ready for renovation or reimagining.

    1298 Ashland Rd, Mansfield, OH 44905
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    Lexington Avenue Retail/Office Space
    Contact for pricing
    1,840 SF

    Lexington Avenue Retail/Office Space

    1,840 SF retail/office space on heavily trafficked Lexington Avenue.

    22 Lexington Ave, Mansfield, OH 44902
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    Updated Mixed-Use Building For Sale
    $128,500
    1,800 SF

    Updated Mixed-Use Building For Sale

    Modern mixed-use property with residential and commercial spaces in Galion.

    139 Harding Way, Galion, OH 44833
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    Land Available in Mansfield, OH
    $100,000
    4.96 Acres

    Land Available in Mansfield, OH

    4.95-acre land with electric access near the road.

    794 Mansfield Washington Rd, Mansfield, OH 44903
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    Office/Medical Space For Lease
    Contact for pricing
    1,253 SF

    Office/Medical Space For Lease

    Office/medical suite with 5 offices/exam rooms, kitchen, restroom.

    380 Cline Ave, Mansfield, OH 44907
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    Updated Triplex in Mansfield, Ohio
    $182,900
    0.15 Acres

    Updated Triplex in Mansfield, Ohio

    Partially rented triplex with strong cash flow and recent updates.

    30 Douglas Ave, Mansfield, OH 44906
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    Versatile Commercial Space Near Hospital
    Contact for pricing
    1,155 SF

    Versatile Commercial Space Near Hospital

    Affordable office space ideal for various businesses near downtown.

    120 Sturges Ave, Mansfield, OH 44903
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    Ontario Office Space For Lease
    Contact for pricing
    408 SF

    Ontario Office Space For Lease

    Office space available in Walker Lake Professional Suites, Ontario, OH.

    1604 Walker Lake Rd, Mansfield, OH 44906
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    Commercial - Ontario, OH
    Contact for pricing
    192 SF

    Commercial - Ontario, OH

    Office Units • 192 SF

    1604 Walker Lake Rd, Ontario, OH 44906
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    Land with Barns in Galion
    $100,000

    Land with Barns in Galion

    Land with two barns, ideal for storage or future use.

    890 Portland Way North, Galion, OH 44833
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    Versatile Commercial Property in Mansfield
    $154,900
    2,713 SF

    Versatile Commercial Property in Mansfield

    Adaptable commercial building suitable for retail, office, or religious use.

    1400 Paradise View St, Mansfield, OH 44905
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    Office Suite in Mansfield, OH
    Contact for pricing
    1,137 SF

    Office Suite in Mansfield, OH

    Office suite featuring multiple rooms and waiting area for lease.

    1 Marion Ave, Mansfield, OH 44903
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    Prime Commercial Land on State Route
    $119,900
    1.86 Acres

    Prime Commercial Land on State Route

    1.86-acre commercial property with high visibility and direct access.

    State Rte 30, Mansfield, OH 44903
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    Downtown Mansfield Office Space
    Contact for pricing

    Downtown Mansfield Office Space

    Affordable office space in downtown Mansfield with high visibility.

    70 Park Ave West, Mansfield, OH 44902
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    Established Farm with Retail Space
    $340,000
    8,320 SF

    Established Farm with Retail Space

    Thriving farm business with greenhouses, retail, and deli.

    1482 Ashland Rd, Mansfield, OH 44905
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    Three-Unit Multi-Family Investment Property
    $195,000

    Three-Unit Multi-Family Investment Property

    Cash-flowing three-unit property in Wakeman, Ohio.

    22 Main St, Wakeman, OH 44889
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    Mansfield Office Suites Available
    Contact for pricing
    584 SF

    Mansfield Office Suites Available

    Office suites for lease in Mansfield, all utilities included.

    1 Marion Ave, Mansfield, OH 44903
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    Mansfield Commercial Property For Sale
    $324,900
    1,433 SF

    Mansfield Commercial Property For Sale

    Versatile commercial property in Mansfield, OH, ideal for restaurant/bar.

    1896 Ashland Rd, Mansfield, OH 44905
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    Mansfield Office Space: Prime Location
    Contact for pricing

    Mansfield Office Space: Prime Location

    Versatile office suite, 1116 sq ft, ample parking.

    339 Cline Ave, Mansfield, OH 44907
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    Mansfield Multi-Family Investment Opportunity
    $399,900

    Mansfield Multi-Family Investment Opportunity

    Nine-unit property near Ohio Health

    120 Sturges Ave, Mansfield, OH 44903
    View details
    Lexington Ave Office Space For Lease
    Contact for pricing

    Lexington Ave Office Space For Lease

    Modernized Office Suite in Mansfield

    1090 Lexington Ave, Mansfield, OH 44907
    View details

    For Lease (1)

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    Adaptable Commercial Space For Rent
    Contact for pricing

    Adaptable Commercial Space For Rent

    1,763 SF commercial space suitable for professional uses.

    607 Manchester Rd, Mansfield, OH 44903
    View details

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    Dream Huge Realty LLC
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    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
    Dream Huge Realty LLC
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