Masonry Industrial
294 E 3rd St, Mansfield, OH 44902
For Sale
New
Contact for pricing
Block and brick construction defines this industrial property's exterior.
Property Size10,980 SF
Price / SF$45.54
Days on Market6
Property Features for 294 E 3rd St
General Information
Standard status
Size
Property subtype
Building Details
Construction
Listing Agency:
Matthews Real Estate Investment Services | Cleveland
(866) 889-0550
Listed By:
Matthew Wallace · License #OH SAL.2021006798
(216) 215-8991
Source:
Moodyscre
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 7 at 4:32PM
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 Matthews Real Estate Investment Services | Cleveland
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,980-square-foot industrial property at 294 E 3rd St in Mansfield, Ohio, has block and brick construction.
Key Highlights
- 10,980‑square‑foot industrial property
- Block and brick construction
- Located at 294 E 3rd St, Mansfield, OH 44902
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,119
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,380
$902.4K
Cap Rate 7%
$644,557
$644.6K
Cap Rate 9%
$501,322
$501.3K
Market Conditions
NOI Build-Up for 10,980 SF
Gross rent
$70.4K $6.41/SF
− Vacancy
−$5.9K −$0.54/SF
EGI
$64.5K $5.87/SF
− OpEx
−$19.3K −$1.76/SF
NOI
$45.1K $4.11/SF
Area
Richland County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,380
Cap Rate 7%
$644,557
Cap Rate 9%
$501,322
Alternative Uses
Best Use
Industrial
$644.6K
$564.0K – $752.0K
NOI $45,119 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,634 @ 7.0% cap · market cap 30.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 44902, OH
4,891
Population
2,240
Households
2.2
Avg Household Size
35
Median Age
4%
College-Educated
83%
High-School Grad
2.0 sq mi
ZIP Area
2,446
Density / Sq Mi
$31,619
Median Household Income
$25,636
Median Earnings
$842
Median Rent
$58,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Block and brick construction defines this industrial property's exterior.
Where is this industrial property located?
The property is located at 294 E 3rd St Mansfield, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10,980‑square‑foot industrial property; Block and brick construction; Located at 294 E 3rd St, Mansfield, OH 44902
