25 Lexington Springmill Road, Mansfield, OH 44906
COMMERCIAL - Mansfield, OH
- Added:
- Oct 13, 2025
- Days on Market:
- 251
- Last Refresh:
- Jun 20 at 1:06 am
Property Features for 25 Lexington Springmill Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0386019607000
- Size
- 2,400 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- ONTARIO VILLAGE 353 60x180
- Tax Annual Amount
- 2682
Building Details
- Year built
- 1966
Listing agent Stacey Wampler (419) 565-5184
Listing office Sluss Realty 1641 Park Avenue West, OH (419) 529-3047
Listing date Oct 13, 2025
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
- High‑traffic location at the corner of Lexington‑Springmill Rd. & Park Avenue West.
- Ideal for professional office and/or retail users.
- Located in Ontario, the primary commercial corridor for north central Ohio.
- Close proximity to numerous restaurants & retailers.
- Less than two miles from a US 30 interchange.
- Excellent access to highways and the City.
Overview
Located on a corner at the intersection of Lexington-Springmill Rd. & Park Avenue West, the property is positioned to benefit from high traffic volumes. It is also described as being less than two miles from a US 30 interchange, supporting convenient access to highways and the surrounding area.
The space is well suited for professional tenants seeking street-level presence, as well as retail users looking for visibility from a primary commercial corridor. With its corner orientation and dual office/retail adaptability, the building can accommodate a range of service-oriented businesses that value straightforward customer access and practical operational flexibility.
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 | $43.2k | $18.00 |
| − Vacancy | −$9.5k | −$3.96 |
| EGI | $33.7k | $14.04 |
| − OpEx | −$8.4k | −$3.51 |
| NOI | $25.3k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.5897281
- Latitude
- 40.7589019
