Corner Lot Retail and Office
16 W Fifth St Mansfield, OH 44902
For Sale
$80,000
COMMERCIAL - Mansfield, OH
Property Size639 SF
Lot Size0.25 Acres
Price / SF$125.20
Days on Market392
Property Features for 16 W Fifth St
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0270424405000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
325 PT 60 X 180 X N MAIN ST
Tax Annual Amount
362
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1952
Roof type
Built-Up
Listing Agency:
RE/MAX First Realty
(419) 756-4663
Listed By:
Faith I Deal
(419) 610-6588
Added: Jul 1, 2025
Changed: Jul 25
Last Checked: Jul 27 at 9:06PM
MLS# 9067471
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.
Investment Insights
Based on property information with market context.
This for-sale corner property at 16 W Fifth St in Mansfield, Ohio includes an existing 639 sq ft building on a three-street frontage lot. The site offers frontage measured at approximately 180 feet on W Fifth St, 60 feet on Walnut St, and 35 feet on N Main St, providing flexible exposure for a small office or retail setup, per the listing.
Zoned I-1, the property is positioned for businesses that want access and visibility from multiple street approaches. The listing also highlights the location as a potential fit for a car dealership, a small neighborhood gas station, or other office-based operations, depending on use approvals.
The lot size is approximately 0.2479 acres, with the corner configuration supporting redevelopment or expansion opportunities as described in the listing.
Zoned I-1, the property is positioned for businesses that want access and visibility from multiple street approaches. The listing also highlights the location as a potential fit for a car dealership, a small neighborhood gas station, or other office-based operations, depending on use approvals.
The lot size is approximately 0.2479 acres, with the corner configuration supporting redevelopment or expansion opportunities as described in the listing.
Key Highlights
- Zoned I‑1 commercial site on a three‑street corner lot
- Approx. 180 ft of frontage on W Fifth St, 60 ft on Walnut St, and 35 ft on N Main St
- Existing 639 sq ft building for office or retail use
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 | $11.5k | $18.00 |
| − Vacancy | −$2.5k | −$3.96 |
| EGI | $9.0k | $14.04 |
| − OpEx | −$2.2k | −$3.51 |
| NOI | $6.7k | $10.53 |
639 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$96.1K
$84.1K – $112.2K
NOI $6,729 @ 7.0% cap · market cap 8.41%
Second Best
Retail
$88.2K
$77.1K – $102.9K
NOI $6,171 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$128.6K
$112.5K – $150.0K
NOI $8,999 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Corner lot with a 639 sq ft building and three-street frontage, zoned I-1 in Mansfield, OH.
Where is this retail space located?
The property is located at 16 W Fifth St Mansfield, OH.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Zoned I‑1 commercial site on a three‑street corner lot; Approx. 180 ft of frontage on W Fifth St, 60 ft on Walnut St, and 35 ft on N Main St; Existing 639 sq ft building for office or retail use
