Retail Investment
64 Lexington Avenue Mansfield, OH 44907
64 Lexington Avenue, Mansfield, OH, 44907
Contact for pricing
For Sale
Contact for pricing
For sale retail property offering a stated 7.50% cap rate on 8,008 sq. ft.
Property Size8,008 SF
Price / SF$136.99
Days on Market76
Property Features for 64 Lexington Avenue
General Information
- Standard status
- Active
- Size
- 8,008 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Nick Cartus · License #02149489
Source
Crexi
Added: May 7 Updated: Jul 21 at 4:30AM Checked: Jul 21 at 4:30AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This for-sale retail property is presented as a retail investment, with Public Remarks citing a 7.50% cap rate. The offering includes 8,008 square feet of retail space.
The property is located at 64 Lexington Avenue in Mansfield, Ohio 44907. The information provided does not include a tenant roster, lease terms, or unit breakdown, so interested parties should confirm all operating details during due diligence.
The property is located at 64 Lexington Avenue in Mansfield, Ohio 44907. The information provided does not include a tenant roster, lease terms, or unit breakdown, so interested parties should confirm all operating details during due diligence.
Key Highlights
- Stated 7.50% cap rate
- 8,008 sq ft retail property
- Built in 2004
Local Financial Insights For Retail
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 | $115.3k | $14.40 |
| − Vacancy | −$4.8k | −$0.60 |
| EGI | $110.5k | $13.80 |
| − OpEx | −$33.1k | −$4.14 |
| NOI | $77.3k | $9.66 |
8,008 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$966.6K – $1.29M
NOI $77,330 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,778 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
LibertyX Bitcoin ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail property offering a stated 7.50% cap rate on 8,008 sq. ft.
Where is this retail space located?
The property is located at 64 Lexington Avenue Mansfield, OH.
What is the asking price?
The asking price for this property is $1,097,000.
What are key features of this property?
This property features: Stated 7.50% cap rate; 8,008 sq ft retail property; Built in 2004
