Retail Investment
For Sale
Contact for pricing
64 Lexington Avenue, Mansfield, OH 44907
For sale retail property offering a stated 7.50% cap rate on 8,008 sq. ft.
Property Size8,008 SF
Price / SF$116.76
Days on Market167
Property Features for 64 Lexington Avenue
General Information
Standard status
Active
Size
8,008 SF
Total Parking Spaces
31
Property subtype
Retail
Zoning
B-1: Neighborhood Business
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$74,800
Additional Details
Cap Rate
7.5%
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Nick Cartus · License #02149489
(714) 878-6004
Source:
Crexi
Added: May 8
Changed: Oct 21
Last Checked: Oct 20 at 9:04PM
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 - Global Company
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,330
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,600
$1.5M
Cap Rate 7%
$1,104,714
$1.1M
Cap Rate 9%
$859,222
$859.2K
Market Conditions
NOI Build-Up for 8,008 SF
Gross rent
$115.3K $14.40/SF
− Vacancy
−$4.8K −$0.60/SF
EGI
$110.5K $13.80/SF
− OpEx
−$33.1K −$4.14/SF
NOI
$77.3K $9.66/SF
Area
Richland County, OH
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,600
Cap Rate 7%
$1,104,714
Cap Rate 9%
$859,222
Alternative Uses
Best Use
Retail
$1.10M
$966.6K – $1.29M
NOI $77,330 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,778 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 44907, OH
15,014
Population
7,798
Households
1.9
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,925
Density / Sq Mi
$44,033
Median Household Income
$34,528
Median Earnings
$788
Median Rent
$130,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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 $935,000.
What are key features of this property?
This property features: Stated 7.50% cap rate; 8,008 sq ft retail property; Built in 2004
