Industrial-Zoned Airport-Adjacent
501 Cairns Road Mansfield, OH 44903
501 Cairns Road, Mansfield, OH, 44903
$425,000
For Sale
$425,000
Industrial-zoned, level land with paved road access, positioned directly across from a regional airport.
Property Size3,325 SF
Lot Size6.59 Acres
Price / SF$127.82
Days on Market297
Property Features for 501 Cairns Road
General Information
- Standard status
- Active
- Size
- 3,325 SF
- Lot size
- 6.59 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agency
N/A
(614) 980-9400
Listed by
Fisal Ikhmayes · License #2024003271
Source
Xome
Added: Sep 29, 2025 Updated: Jul 21 at 6:17PM Checked: Jul 21 at 6:17PM
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 N/A
Investment Insights
Based on property information with market context.
501 Cairns Rd offers 6.59 acres of industrial-zoned land with level topography and paved road access. The site is positioned directly across from Mansfield Lahm Regional Airport, providing a practical setting for industrial and logistics-oriented development.
The property also benefits from close proximity to major transportation corridors, including I-71 and US-30. It sits among established industrial users and is adjacent to the Airport West Industrial Park, supporting continuity with the surrounding industrial environment and Mansfield’s ongoing investment in infrastructure near the airport.
The property also benefits from close proximity to major transportation corridors, including I-71 and US-30. It sits among established industrial users and is adjacent to the Airport West Industrial Park, supporting continuity with the surrounding industrial environment and Mansfield’s ongoing investment in infrastructure near the airport.
Key Highlights
- 6.59 acres of industrial‑zoned land located directly across from Mansfield Lahm Regional Airport
- Level topography with paved road access
- Convenient to major transportation corridors including I‑71 and U.S.-30
Local Financial Insights For Industrial
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 | $21.3k | $6.41 |
| − Vacancy | −$1.8k | −$0.54 |
| EGI | $19.5k | $5.87 |
| − OpEx | −$5.9k | −$1.76 |
| NOI | $13.7k | $4.11 |
3,325 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Industrial
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.0K
$585.3K – $780.5K
NOI $46,827 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
4-H Auto Salvage
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Industrial-zoned, level land with paved road access, positioned directly across from a regional airport.
Where is this industrial land located?
The property is located at 501 Cairns Road Mansfield, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 6.59 acres of industrial‑zoned land located directly across from Mansfield Lahm Regional Airport; Level topography with paved road access; Convenient to major transportation corridors including I‑71 and U.S.-30
