Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Building with Tenant Title is generated by Realmo AI

    903 W Mansfield St, Bucyrus, OH 44820

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,028 SF commercial building with existing tenant.

    Type:Retail
    Property size:
    2,028 SF
    Price / SF:
    $44/SF
    Added:
    Jan 23, 2026
    Days on Market:
    122
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 903 W Mansfield St

    General Information

    Standard status
    Active
    Size
    2,028 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Joseph Dzugan
    Joseph Dzugan

    Listing agent Joseph Dzugan License #OH 2005004867

    Listing office Dzugan Real Estate Services LLC

    Listing date Jan 23, 2026

    Source Crexi

    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 Dzugan Real Estate Services LLC

    HighLights

    • Investment opportunity with income potential.
    • Existing tenant provides immediate income ($400/month).
    • Versatile 2,028 sq ft commercial building.
    • Storefront with office, storage, and private restroom available for immediate use or lease.
    • Separate entrance and private restroom for rear tenant space.
    • Building built in 1930.

    Overview

    This commercial property offers an investment opportunity with a tenant already in place. The property includes a 2,028 square foot commercial building presenting various possibilities. The storefront features an office, storage room, and a private restroom, and is available for immediate use or lease. The rear of the building is occupied by a tenant on a month-to-month lease, generating $400 per month, with a separate entrance and private restroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trophy House (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Kroger Floral Department — 210 E Mary St, Bucyrus, OH 44820

    Location Insight

    • Map
    • Local Demand
    City
    Bucyrus
    County
    Crawford
    State
    Ohio
    Longitude
    -82.9879911
    Latitude
    40.8106707

    Nearby Similar for Sale

    • $900,000
      7,288 SF

      Historic Al Capone's Hideout

      Updated sports bar with rental rooms and historic charm.
      112 W Mansfield St, Bucyrus, OH 44820
      View Details
    • $107,000
      4,780 SF

      Bucyrus Commercial Opportunity For Sale

      Former Salvation Army property with multiple buildings and potential.
      224 Rensselaer, Bucyrus, OH 44820
      View Details
    • $129,000
      1,104 SF

      Established Salon Opportunity in Bucyrus

      Commercial property in Bucyrus, OH, ideal for salon or retail.
      457 Lucas, Bucyrus, OH 44820
      View Details
    • $137,000
      2,526 SF

      Bucyrus Duplex Investment Opportunity

      Two-unit property with steady tenant demand and good cash-flow.
      413 &1/2 Woodlawn Ave, BUCYRUS, OH 44820
      View Details
    • $125,000
      1,700 SF

      Bucyrus Multifamily Investment Opportunity

      Multifamily property with conversion potential in Bucyrus, Ohio.
      624 &1/2 Prospect St, BUCYRUS, OH 44820
      View Details
    • $137,000
      2,526 SF

      Bucyrus Duplex Investment Opportunity

      Two-unit property with steady tenant demand and good cash-flow.
      413 &1/2 Woodlawn Ave, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      90,000 SF

      Bucyrus Industrial/Warehouse/Manufacturing Space

      Scalable industrial space for warehouse, distribution, and manufacturing.
      1520 Isaac Beal Rd., Bucyrus, OH 44820
      View Details
    • $1,500
      1,638 SF

      Bucyrus Commercial Space For Lease

      Commercial space for lease near downtown Bucyrus with high visibility.
      201 Charles Street Suite A, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      30,000 SF

      Bucyrus Warehouse/Manufacturing Space Available

      30,000 SF warehouse/manufacturing space with loading docks for lease.
      1520 Isaac Beal Rd. #600, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      50,000 SF

      Bucyrus Industrial/Manufacturing Flex Space

      50,000 SF adaptable industrial facility in North Central Ohio.
      1520 Isaac Beal Rd., Bucyrus, OH 44820
      View Details
    • $125,000
      1,700 SF

      Bucyrus Multifamily with Original Woodwork

      Multifamily property in Bucyrus, OH, with investment or conversion potential.
      624 &1/2 Prospect St, Bucyrus, OH 44820
      View Details
    • $93,500

      Bucyrus Duplex: Investment Opportunity

      Multifamily property in Bucyrus, Ohio, offering strong rental income.
      829 Prospect, Bucyrus, OH 44820
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2,028 SF commercial building with existing tenant.
    Where is this storefront property located?
    The property is located at 903 W Mansfield St Bucyrus, OH.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Investment opportunity with income potential.; Existing tenant provides immediate income ($400/month).; Versatile 2,028 sq ft commercial building.
    (419) 295-5183 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joseph Dzugan
    Joseph Dzugan
    Real Estate License ID: OH 2005004867
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    903 W Mansfield St, Bucyrus, OH 44820
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!