Mixed-Use Property With
For Sale
$189,999
750 Park Avenue, Mansfield, OH 44905
Includes a shop, house, and on-site parking for a flexible commercial configuration.
Property Size2,400 SF
Price / SF$79.17
Days on Market18
Property Features for 750 Park Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,356
Amenities
3
4 Parking Spaces.
Building Details
Year Built
1900
Listing Agency:
EXP Realty, LLC
(614) 310-6077
Listed By:
Ryan Ruehle · License #2003013260
(614) 310-6077
Source:
Xome
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 9 at 5:31AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 750 Park Avenue E includes a 2,400-square-foot shop measuring 60x40, along with a house. The shop is described as generating rental income, while the property also includes four parking spaces.
Built in 1900, the property requires TLC and offers a combination of shop and residential improvements within a single mixed-use asset.
Built in 1900, the property requires TLC and offers a combination of shop and residential improvements within a single mixed-use asset.
Key Highlights
- 2,400‑square‑foot mixed‑use property at 750 Park Avenue E
- 60x40 shop included in the property
- House included with additional income potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,862
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,240
$197.2K
Cap Rate 7%
$140,886
$140.9K
Cap Rate 9%
$109,578
$109.6K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$15.4K $6.41/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$14.1K $5.87/SF
− OpEx
−$4.2K −$1.76/SF
NOI
$9.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,240
Cap Rate 7%
$140,886
Cap Rate 9%
$109,578
Alternative Uses
Best Use
Mixed Use
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 12.51%
Second Best
Industrial
$140.9K
$123.3K – $164.4K
NOI $9,862 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$482.9K
$422.5K – $563.3K
NOI $33,800 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 44905, OH
16,827
Population
5,227
Households
3.2
Avg Household Size
39
Median Age
6%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
1,315
Density / Sq Mi
$55,716
Median Household Income
$34,765
Median Earnings
$859
Median Rent
$111,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a shop, house, and on-site parking for a flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 750 Park Avenue Mansfield, OH.
What is the asking price?
The asking price for this property is $189,999.
What are key features of this property?
This property features: 2,400‑square‑foot mixed‑use property at 750 Park Avenue E; 60x40 shop included in the property; House included with additional income potential
