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    Greenhouse and Garden Center Opportunity Title is generated by Realmo AI

    1482 Ashland Road, Mansfield, OH 44905

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    For Sale
    $340,000

    COMMERCIAL - Mansfield, OH

    Property size:
    8,320 SF
    Lot size:
    1.95 Acres
    Price / SF:
    $40/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 1482 Ashland Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0250913513000
    Size
    8,320 SF
    Lot size
    1.95 Acres

    Taxes and HOA fees

    Tax Description
    FREEDOM HGTS 7 8 9 & 10 75.26 X 314.57X
    Tax Annual Amount
    1176

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Mark Gray
    Mark Gray

    Listing agent Mark Gray

    Listing office Dream Huge Realty 1336 Park Ave W, Mansfield, OH

    Listing date Jun 2, 2026

    MLS# 9073580

    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

    • Sandy Hill Fruit Farm built in 1950, operating as a Madison business
    • About 15,000 SF greenhouse space with automated irrigation on a timer
    • Greenhouses use a private well and separate well‑making plant
    • Daily traffic count listed as 14,132
    • On‑site retail offers flowers, garden essentials, and fresh produce
    • Recently added deli features fresh meats and cheeses

    Overview

    Sandy Hill Fruit Farm is a long-standing, well-loved agricultural operation with an on-site retail component. The property features sizable greenhouses with an automated irrigation system on a timer, supported by a private well for water and plant care. Customers can browse a full selection of flowers, garden essentials, and fresh produce, giving the site a consistent agricultural-to-retail sales flow. A recently added deli further broadens offerings with fresh meats and cheeses.

    Located at 1482 Ashland Road in Mansfield, Ohio, the property benefits from strong visibility and a reported daily traffic count of 14,132. The site sits on approximately 1.9518 acres and is positioned as a destination for seasonal shopping and year-round greenhouse production.

    This is a strong fit for an owner-operator or experienced agricultural retailer looking to take over a business with an established reputation. The combination of greenhouse production, customer-facing merchandise, and deli add-on revenue provides a practical platform for continuing operations and tailoring the product mix to the market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.4600056
    Latitude
    40.7844974

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    FAQs

    What type of property is this?
    Farm - Well-established fruit farm and garden center with large greenhouses, automated irrigation, and fresh produce sales.
    Where is this farm located?
    The property is located at 1482 Ashland Road Mansfield, OH.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Sandy Hill Fruit Farm built in 1950, operating as a Madison business; About 15,000 SF greenhouse space with automated irrigation on a timer; Greenhouses use a private well and separate well‑making plant
    (419) 612-9490
    We can help!
    Listing Contact
    Mark Gray
    Mark Gray
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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.

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