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    Property profile & analytics
    OFF-MARKET Estimated value $1,075,000
    Retail space

    127-129 Main St, Mansfield, MA 02048

    14,352 SF 0.22 ac lot Built 1904
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US38-0816865
    Property summary
    AI-generated overview

    This exceptional office space, located within the historic Wheeler Building in Mansfield, offers a unique blend of traditional and creative office environments. Situated on the third floor, this single-tenant unit boasts approximately 550 to 600 square feet of usable space, perfect for a small business or professional practice. Built in 1904, the Wheeler Building retains its charm while offering modern convenience. All utilities are included in the rental price, simplifying budgeting and administration. The space shares two conveniently located public restrooms on the same floor. A smaller office space is also available on the third floor for those seeking alternative sizes. The building's prime location on North Main Street, between the North and South Common, provides unparalleled access to the heart of Mansfield. Enjoy close proximity to Mansfield Crossing, the commuter rail, and major roadways including Routes 106 and 140, as well as Interstates 95 and 495. This central location offers easy commutes and convenient access to a variety of amenities. The Wheeler Building presents a rare opportunity to secure a well-located, all-inclusive office space in a desirable Mansfield setting. This is a three-story building without elevators. The building is situated between the North and South Common, with Villa Street as a cross street.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1904
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 14,352 SF
    Lot 0.22 ac (9,800 SF)
    APN MANS M:024 B:045
    UPID US38-0816865
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.08M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.14M
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Grove Bldg Rlty · 2 yrs held
    Grove Bldg Rlty
    since 2024
    Last sale
    $1.1M
    7 recorded transactions
    2024
    2022
    2021
    $1.1M
    2021
    $1.2M
    2013
    2000
    $560,000
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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