1298 Ashland Road, Mansfield, OH 44905
COMMERCIAL - Mansfield, OH
- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 12:06 am
Property Features for 1298 Ashland Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0250903818000 , 0250903207000
- Size
- 1,805 SF
- Lot size
- 1.54 Acres
Taxes and HOA fees
- Tax Description
- NW A 3/4 LT 6 PT , NW A3/4 LT 6 PT
- Tax Annual Amount
- 1549
Building Details
- Year built
- 1935
Listing agent John Pavlansky License #2022000938 (567) 303-4714
Listing office Dream Huge Realty 1336 Park Ave W, Mansfield, OH (419) 528-8260
Listing date Jun 9, 2026
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two commercial lots totaling 1.54 acres at 1298 & 1304 Ashland Rd in the Madison school district.
- New roofs installed on both properties.
- 1298 Ashland Rd: 2‑unit property with tenant in the rear unit on an MTM lease.
- Rear unit at 1298: 2 beds, 1 full bath, with access to basement and attic.
- Front unit at 1298: reception area, utility room, 2 baths, and multiple office spaces.
- 1304 Ashland Rd: single‑family home with 3 beds and 1 bath, offered for rehabilitation.
Overview
The parcels are positioned along State Route 42 and are described as providing convenient access to Route 30, shopping centers, and dining options. The properties are located in the Madison school district.
This is a practical fit for buyers looking to renovate and reconfigure an existing two-unit building with office-oriented space, while also addressing a separate single-family structure for future use. The 1298 rear unit is currently occupied on an MTM basis, providing immediate tenancy while the front office layout and 1304 can be planned and updated.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $18.00 |
| − Vacancy | −$7.1k | −$3.96 |
| EGI | $25.3k | $14.04 |
| − OpEx | −$6.3k | −$3.51 |
| NOI | $19.0k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.4669768
- Latitude
- 40.7808059
