Brick Office
New
For Sale
$349,900
255 Sterkel Boulevard, Mansfield, OH 44907
CommercialSale, Mansfield, OH
Property Size1,780 SF
Lot Size0.45 Acres
Price / SF$196.57
Days on Market1
Property Features for 255 Sterkel Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office
Parking features
Assigned
Fireplace
1
Subdivision
Shoppes/Sterkel Park
Elementary school district
Madison LSD Richland- 7005
Middle school district
Madison LSD Richland- 7005
High school district
Madison LSD Richland- 7005
Directions
Lexington to Sterkel, located in Sterkel Park
Standard status
Active
APN
028-90-150-34-009
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 23285 0.451 AC
Tax Annual Amount
6182
Legal Description
LOT 23285 0.451 AC
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
2007
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Jonathan M Burris · License #2008003427
(330) 704-6524
Added: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 5251321
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,780-square-foot brick office building was constructed in 2007 and sits on a 0.451-acre parcel at 255 Sterkel Boulevard in Mansfield. Its interior includes seven private offices, a reception area, a kitchenette, and a private restroom. Public water and public sewer serve the property.
Additional features include assigned parking, ceiling fans for cooling, fireplace-based heating, and a fiberglass and asphalt roof. The layout provides a combination of individual work areas and shared support space within a single office property.
Additional features include assigned parking, ceiling fans for cooling, fireplace-based heating, and a fiberglass and asphalt roof. The layout provides a combination of individual work areas and shared support space within a single office property.
Key Highlights
- 1,780‑square‑foot brick office building constructed in 2007
- Seven private offices, reception area, kitchenette, and private restroom
- Situated on a 0.451‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,743
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
$374.9K
Cap Rate 7%
$267,757
$267.8K
Cap Rate 9%
$208,256
$208.3K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$32.0K $18.00/SF
− Vacancy
−$7.0K −$3.96/SF
EGI
$25.0K $14.04/SF
− OpEx
−$6.2K −$3.51/SF
NOI
$18.7K $10.53/SF
Area
Richland County, OH
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
Cap Rate 7%
$267,757
Cap Rate 9%
$208,256
Alternative Uses
Best Use
Office B
$267.8K
$234.3K – $312.4K
NOI $18,743 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 44907, OH
15,014
Population
7,798
Households
1.9
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,925
Density / Sq Mi
$44,033
Median Household Income
$34,528
Median Earnings
$788
Median Rent
$130,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Seven separate offices are complemented by a reception area, kitchenette, and private restroom.
Where is this office building located?
The property is located at 255 Sterkel Boulevard Mansfield, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,780‑square‑foot brick office building constructed in 2007; Seven private offices, reception area, kitchenette, and private restroom; Situated on a 0.451‑acre parcel
