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

    1320 S Main St Mansfield, OH 44903

    • Industrial properties
    • 69.59 lot acres
    For Sale
    View listing
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1787484
    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

    • ATM / Atm
    • Sensience / Manufacturer

    Property Details for 1320 S Main St

    Lot size
    69.59 lot acres
    Property type
    Industrial properties
    APN
    058-93-222-05-000
    APU
    589322205000

    Description

    This expansive industrial property, located at 1320 S Main St, Mansfield, OH 44907, offers 311,000 square feet of versatile space. The building, constructed in 1953 and renovated in 1984, features a substantial 235,800 square foot warehouse/factory area and a 75,200 square foot office space spread across two stories. The property sits on a generous 69.59-acre lot and includes ample parking for 574 vehicles. The warehouse boasts a ceiling height of 17'10", and features two loading docks for efficient material handling. The building is zoned for industrial use and benefits from dual power feeds. One elevator is also available. This vacant property presents a unique opportunity in Richland County, Ohio, a region experiencing growth due to nearby development. The property's size and features make it suitable for a wide range of industrial and commercial uses. This is a rare opportunity to acquire a significant industrial asset in a developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5172
    Latitude
    40.7225
    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
    $33,777
    $73,120
    $362,110
    $435,230
    -
    $208,900
    $1,034,600
    $1,243,500

    Comparable in this City

    • Value Estimation
      $215,000
      2,304 SF

      225 Oak St

      WAREHOUSE, STORAGE • 2,304 SF
      225 Oak St, Mansfield, OH 44907-1439
      View Details
    • Value Estimation
      $670,000
      40,500 SF

      592 Illinois Ave

      WAREHOUSE, STORAGE • 40,500 SF
      592 Illinois Ave, Mansfield, OH 44907-1831
      View Details
    • Value Estimation
      $350,000
      12,720 SF

      105 Cook Rd

      MANUFACTURING (LIGHT) • 12,720 SF
      105 Cook Rd, Mansfield, OH 44907-2403
      View Details
    • Value Estimation by Request
      6,880 SF

      517 Woodville Rd

      WAREHOUSE, STORAGE • 6,880 SF
      517 Woodville Rd, Mansfield, OH 44907-1738
      View Details
    • Value Estimation
      $450,000
      6,400 SF

      1585 Lexington Ave

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      1585 Lexington Ave, Mansfield, OH 44907-2631
      View Details
    • Value Estimation
      $1,430,000
      56,464 SF

      440 Illinois Ave

      MANUFACTURING (LIGHT) • 56,464 SF
      440 Illinois Ave, Mansfield, OH 44907-1809
      View Details

    Similar Nearby for Sale

    • $1,100,000
      22,584 SF

      Mansfield Multifamily Investment Opportunity

      18-Unit Apartment Complex, High Potential
      225-227 Hillside Cir, Mansfield, OH 44907
      View Details
    • Contact for pricing
      1.23 Acres

      Mansfield Residential Land Trio

      Wooded lots, build your dream home.
      0 Woodville Rd, Mansfield, OH 44907
      View Details
    • $1,953,150
      13,021 SF

      Mansfield Medical Office Building

      13,021 SF Medical Office, High NOI
      240 Cook Rd, Mansfield, OH 44907
      View Details
    • Contact for pricing
      1.52 Acres

      Mansfield Residential Land - $29,900

      Wooded 1.52-acre lot, ideal homesite.
      00 Woodville Rd, Mansfield, OH 44907
      View Details
    • Contact for pricing
      Pending

      Retail Space in Appleseed Center

      Retail/office space in a high-traffic shopping center.
      1446 Lexington Ave, Mansfield, OH 44907
      View Details
    • Contact for pricing
      2,500 SF

      Lexington Avenue Commercial Space Available

      Office/medical/retail space for lease on Lexington Avenue.
      1475 Lexington Ave, Mansfield, OH 44907
      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.
    1320 S Main St
    Mansfield, OH 44903
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.