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Property profile & analytics
FOR LEASE
Community centers
1436 Lexington Ave Mansfield, OH 44907
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1666966
For Lease
$1,110/Mo
1436 Lexington Ave, Mansfield, OH 44907
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1957
Construction
FRAME
Total area
188,928 SF
Lot
19.76 ac (860,702 SF)
APN
056-92-173-07-000
UPID
US66-1666966
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
-
Huntington Bank Bank Loan Service
-
Huntington Mortgage Group Loan Service Bank
-
Huntington Bank ATM (Drive-Up) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.93M
Owner & transaction history
Rea3 Asset LLC · 3 yrs held
Rea3 Asset LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,785,000
ML approach
$1,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $2.00M (Sep 16 2022)
Last sale anchor
$2.00M
Sep 16 2022
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
$10 / 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
$76,013
Tax year 2023
Assessed value
$1,230,840
Assessed 2023
Previous assessed
$1,049,360
+17.3% YoY
Effective rate
6.18%
On assessed value
Assessed land
$478,050
Assessed improvement
$752,790
Land market value
$1,365,870
Improvement market value
$2,150,820
Total market value
$3,516,690
Applied tax rate
5,692.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1957
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
188,928 SF
Lot
19.76 ac (860,702 SF)
APN
056-92-173-07-000
UPID
US66-1666966
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
Building & site characteristics
From public records
Year built
1957
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
19.76 ac
Current owner
From public records · entity-resolved
Rea3 Asset LLC
Entity
Mailing address
1406 LEXINGTON AVE, MANSFIELD, OH 44907-2630
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$2,000,000
Rea3 Asset LLC
V & S Appleseed LLC
Limited Warranty Deed
$3,503,290 · Midland States Bank
Aug 15, 2019
$2,999,875
V & S Applessed LLC
Johnny Appleseed Center Ltd
Limited Warranty Deed
$3,375,000 · First Financial Bank
Jan 4, 2018
—
Johnny Appleseed Center Ltd
Johnny Appleseed Cente Ltd
Intrafamily Transfer
related
—
Aug 5, 2015
$360,000
Waters INC
Johnny Appleseed Center Tld
Limited Warranty Deed
$689,000 · The Huntington National Bank
Nov 15, 2013
$870,000
Akshar 14 LLC
Johnny Appleseed Center Ltd
Limited Warranty Deed
—
Jan 3, 2013
$607,000
Maic Good Choices III LLC
Johnny Appleseed Center Ltd
Limited Warranty Deed
—
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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