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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Hotels
1336 Ashland Rd, Mansfield, OH 44905-2253
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-6298147
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Total area
7,059 SF
Lot
2.13 ac (92,678 SF)
APN
025-09-020-15-000
UPID
US66-6298147
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
Current use
Occupant on record · Public records
-
Budget Inn Hotel & Motel
-
Olde Towne Inn, llc Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$655k
Owner & transaction history
Mannmahi LLC · 1 yrs held
Mannmahi LLC
since 2025
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$705,000
+66.7%
Medical building
$555,000
+30.7%
Commercial (general)
$470,000
+11.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$580,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$425,000
Current use
RESTAURANT
$705,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $700k (Jan 29 2025)
Last sale anchor
$700k
Jan 29 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,611
Tax year 2023
Assessed value
$107,370
Assessed 2023
Previous assessed
$105,330
+1.9% YoY
Effective rate
8.95%
On assessed value
Assessed land
$36,130
Assessed improvement
$71,240
Land market value
$103,240
Improvement market value
$203,550
Total market value
$306,790
Applied tax rate
2,509.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
3
Stories
2
Units
26
Total area
7,059 SF
Lot
2.13 ac (92,678 SF)
APN
025-09-020-15-000
UPID
US66-6298147
Jurisdiction
RICHLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$425,000
RESTAURANT
Est. value
$705,000
MEDICAL BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES
Est. value
$445,000
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
26
Lot
2.13 ac
Current owner
From public records · entity-resolved
Mannmahi LLC
Entity
Mailing address
1336 ASHLAND RD, MANSFIELD, OH 44905-2253
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$700,000
Mannmahi LLC
Bhavani Lodging LLC
Warranty Deed
$600,000 · Ready Capital Corp
Jan 26, 2009
—
Bhavani Lodging LLC
Bharat Patel
Quit Claim Deed
related
—
Jan 13, 2009
$450,000
Bharat Patel
Harshad S Patel
Survivorship Deed
related
$250,000 · Harshad Patel
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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