Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    112 Mansfield St Bucyrus, OH 44820

    • Office Properties & Spaces
    For Sale
    View listing
    $899,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4759540
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Crawford County Prosecuting Atty / Law Firm
    • Crawford County Municipal Court / County Government Office
    • Crawford County Common Pleas / County Government Office / County Court
    • Crawford County Treasurer / Tax Department
    • Emergency Management Agency / County Government Office

    Property Details for 112 Mansfield St

    Year built
    1916
    Construction
    BRICK
    Property type
    Office Properties & Spaces
    APN
    08-0014979.000
    APU
    80014979000

    Description

    This exceptional investment opportunity presents a unique blend of history and modern updates. Located at 112 W Mansfield St, Bucyrus, OH, this property boasts 45 rentable rooms, with over half currently occupied, ensuring immediate cash flow. The building's rich history as Al Capone's former hideout adds significant character and appeal. Recent renovations include a new roof (installed in 2023) and upgraded electrical systems, demonstrating a commitment to both preservation and functionality. The property also features a large, fenced outdoor patio, perfect for tenant gatherings or outdoor events. Inside, you'll find a well-equipped pool room and a kitchen area currently serving a popular breakfast menu, offering further revenue streams. The original lobby retains the charm of its boarding house origins, adding to the property's unique ambiance. The property includes valuable D5 & D6 liquor licenses and vendor licenses, providing significant operational advantages. This turnkey operation offers a rare chance to acquire a profitable, historically significant multi-unit property with established income and significant upside potential. Note that no environmental tests have been conducted. The property is offered at $899,000. This is a truly remarkable opportunity for a savvy investor seeking a high-return, historically significant asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bucyrus
    County
    Crawford
    State
    Ohio
    Longitude
    -82.9768
    Latitude
    40.8089
    CBSA code
    15340
    CBSA name
    BUCYRUS, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,854
    $4,640
    $38,410
    $43,050
    -
    $13,260
    $109,740
    $123,000

    Comparable in this City

    • Value Estimation by Request

      110 Mary 110th 12th 114th St

      OFFICE (GENERAL)
      110 Mary 110th 12th 114th St, Bucyrus, OH 44820
      View Details
    • Value Estimation by Request

      1030 State Rte 4a

      OFFICE (GENERAL)
      1030 State Rte 4a, Bucyrus, OH 44820-9505
      View Details
    • Value Estimation by Request

      906 Sandusky Aveave

      OFFICE (GENERAL)
      906 Sandusky Aveave, Bucyrus, OH 44820-2635
      View Details
    • Value Estimation by Request

      2254 Isaac Beal Rd

      OFFICE (GENERAL)
      2254 Isaac Beal Rd, Bucyrus, OH 44820-9692
      View Details
    • Value Estimation by Request

      2254 Isaac Beal Rd

      OFFICE (GENERAL)
      2254 Isaac Beal Rd, Bucyrus, OH 44820-9692
      View Details
    • Value Estimation by Request

      2254 Isaac Beal Rd

      OFFICE (GENERAL)
      2254 Isaac Beal Rd, Bucyrus, OH 44820-9692
      View Details

    Similar Nearby for Sale

    • $209,000
      10,324 SF

      Retail and Living Space Available

      Commercial building with retail space and living quarters for sale.
      310 S Sandusky Ave, Bucyrus, OH 44820
      View Details
    • $55,000
      Pending

      Four-Story Warehouse in Bucyrus, OH

      Large warehouse with over an acre of land for sale.
      428 Mansfield St, 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 in Bucyrus, OH.
      1520 Isaac Beal Rd, 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 St, Bucyrus, OH 44820
      View Details
    • $190,000
      0.05 Acres

      Bucyrus Bar: Turnkey Opportunity

      Established bar, loyal clientele, seller financing.
      152 Washington Sq, Bucyrus, OH 44820
      View Details
    • $199,000

      310 Sandusky Ave, Bucyrus, OH 44820

      Residential income properties
      310 Sandusky Ave, Bucyrus, OH 44820
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500,000 SF

      Prime Industrial Facility - Crawford County

      500,000 SF Manufacturing/Warehouse
      1250 Walnut St, Bucyrus, OH 44820
      View Details
    • $3 SF/Yr
      30,000 SF

      3691 Oh-4

      Distribution properties
      3691 Oh-4, Bucyrus, OH 44820
      View Details
    • Contact for pricing

      Commercial Land in East Pointe Plaza

      Land in dominant shopping center, accessible via Mansfield Street.
      S Stetzer Rd, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      2,261 SF

      Restaurant Space with Drive-Thru

      Former restaurant space with drive-thru, prime location, excellent visibility.
      1659 Marion Rd, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in East Pointe Plaza

      Retail space available in a dominant shopping center.
      131 S Stetzer Rd, Bucyrus, OH 44820
      View Details
    • $3 SF/Yr
      60,000 SF

      60,000 SF Manufacturing Warehouse

      Spacious industrial space; ideal for manufacturing & warehousing.
      1520 Isaac Beal Rd, Bucyrus, OH 44820
      View Details
    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.
    112 Mansfield St
    Bucyrus, OH 44820
    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

    Google sign-in failed. Please try again or use another login method.