White Box Retail-Office
1436 Lexington Ave, Mansfield, OH 44907
For Sale
Contact for pricing
Pending
Wide-open retail/office layout with restroom, offered in a shopping center at a signalized intersection.
Property Size9,500 SF
Days on Market1513
Property Features for 1436 Lexington Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX First Realty
(419) 756-4663
Listed By:
Faith I Deal · License #2002007872
(419) 610-6588
Source:
Exprealty
Added: Sep 19, 2022
Changed: Oct 25
Last Checked: Nov 8 at 11:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX First Realty
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Investment Insights
Based on property information with market context.
Located in the Appleseed Shopping Center, this unit (#1436C) offers approximately 9,500 square feet of retail/office space with a wide-open layout and one restroom. The space is being delivered as a white box, allowing a tenant to design the interior to their specific operating needs.
The property sits at the signalized intersection of Lexington Ave and Trimble Rd within the heart of the retail district. The shopping center is anchored by national chains including Kroger Marketplace, McDonald's, Panera Bread, and Monro Muffler. Inline tenants listed in the center include H&R Block, Great Clips, Ollie's Outlet, and Dollar Tree, supporting a day-to-day mix of service and retail uses.
This configuration is well suited for businesses that need flexible floorplate planning within a multi-tenant retail environment, with straightforward restroom capacity already in place. With signage visibility noted for the unit and ongoing exterior remodel plans under new ownership and management, it offers a practical starting point for an operator looking to customize the space while aligning with a long-established retail center tenant mix.
The property sits at the signalized intersection of Lexington Ave and Trimble Rd within the heart of the retail district. The shopping center is anchored by national chains including Kroger Marketplace, McDonald's, Panera Bread, and Monro Muffler. Inline tenants listed in the center include H&R Block, Great Clips, Ollie's Outlet, and Dollar Tree, supporting a day-to-day mix of service and retail uses.
This configuration is well suited for businesses that need flexible floorplate planning within a multi-tenant retail environment, with straightforward restroom capacity already in place. With signage visibility noted for the unit and ongoing exterior remodel plans under new ownership and management, it offers a practical starting point for an operator looking to customize the space while aligning with a long-established retail center tenant mix.
Key Highlights
- 9500 SF wide‑open retail/office space in Appleseed Shopping Center
- Unit #1436C includes one restroom
- Offered as white box ready for a buyer’s build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,738
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,760
$1.8M
Cap Rate 7%
$1,310,543
$1.3M
Cap Rate 9%
$1,019,311
$1.0M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$136.8K $14.40/SF
− Vacancy
−$5.7K −$0.60/SF
EGI
$131.1K $13.80/SF
− OpEx
−$39.3K −$4.14/SF
NOI
$91.7K $9.66/SF
Area
Richland County, OH
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,760
Cap Rate 7%
$1,310,543
Cap Rate 9%
$1,019,311
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,738 @ 7.0% cap · market cap 8,264.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,790 @ 7.0% cap · market cap 12,053.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Wide-open retail/office layout with restroom, offered in a shopping center at a signalized intersection.
Where is this shopping center located?
The property is located at 1436 Lexington Ave Mansfield, OH.
What are key features of this property?
This property features: 9500 SF wide‑open retail/office space in Appleseed Shopping Center; Unit #1436C includes one restroom; Offered as white box ready for a buyer’s build‑out
