Technical
Financial
Distress signals
Property profile

1075 Ashland Rd Mansfield, OH 44905

FOR SALE
Retail space
Property ID
US66-2626922
11,068 SF 2.4 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,218-square-foot retail property, located at 1075 Ashland Rd, Mansfield, OH 44905, presents a unique investment opportunity. Situated on a spacious 2.93-acre lot, this Class A building, constructed in 1998, offers ample space for a variety of retail uses. The property boasts 53 parking spaces, ensuring convenient access for customers. Its strategic location at the intersection of Stewart Road and US 30 provides excellent visibility and accessibility, promising high traffic volume. The building is currently vacant, allowing for complete customization to suit a new tenant's specific needs. The zoning is classified as "C," indicating suitability for commercial development. Property taxes are $2.34 per square foot. This single-tenant building is available as a ground lease, offering a flexible ownership structure. The property's size and location make it ideal for a variety of retail businesses seeking a prominent presence in the Mansfield market. This is a rare opportunity to acquire a substantial retail space in a high-traffic area with significant potential for growth. The property's substantial size and ample parking make it an attractive option for businesses requiring significant space and customer convenience. Don't miss this chance to secure a prime retail location in Mansfield, Ohio.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction FRAME
Total area 11,068 SF
Lot 2.4 ac (104,500 SF)
APN 025-09-059-14-002
UPID US66-2626922

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Bank Credit Union

Location

1075 Ashland Rd Mansfield, OH 44905
Mansfield metro Census 800 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
$1.65M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M

Owner & transaction history

since 2021
Last sale
$2.6M
2 recorded transactions
2021
$2.6M
2020
$2.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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