1157 Park Ave W Mansfield, OH 44906
Property profile & analytics
1157 Park Ave W, Mansfield, OH 44906
- Community centers
- 160,891 SF
- 17.40 lot acres
Property ID
US66-1178795
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.
Location Intelligence
Current Use by Public Records
- Community centers
Property Details for 1157 Park Ave W
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 17.40 lot acres
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 027-02-135-08-000
- APU
- 270213508000
Description
This 157,478 square foot shopping center in Mansfield, Ohio presents a compelling value-add opportunity. Located at 1157 Park Ave W, this fee-simple property boasts 17.4 acres and features six tenants with a current 7% occupancy. Built in 1956 and renovated in 1984, the single-story building offers significant potential for redevelopment or asset-class conversion. The property generates a current NOI of $51,749, with a notable $31,000 NOI from a freestanding Little Caesars, valued at approximately $500,000. This component offers potential for re-platting and separate sale. The center benefits from a high-traffic location, with 13,242 vehicles per day on Park Ave W, providing 1,140 feet of frontage and three convenient entry points. Its strategic location is directly across from a Kroger, near other major retailers including Walmart, and within close proximity to US-30. The strong demographics, with 41,258 residents within 3 miles and 71,565 within 5 miles, coupled with consumer spending of $415 million within 3 miles and $700 million within 5 miles, underscore the significant market potential. Mansfield's position equidistant from Cleveland and Columbus further enhances its appeal. The asking price is $2,350,000, representing a well-below replacement cost of $15 per square foot. This property offers a unique chance to capitalize on a prime location and substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $745,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.5595
- Latitude
- 40.7581
- CBSA code
- 31900
- CBSA name
- MANSFIELD, OH METROPOLITAN 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
$46,056
$206,100
$444,720
$650,820
-
$588,860
$1,270,630
$1,859,490
