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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Warehouses
1585 Lexington Ave Mansfield, OH 44907-2631
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5723028
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Total area
6,400 SF
Lot
7.83 ac (341,075 SF)
APN
056-92-143-02-004
UPID
US66-5723028
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$500k
Owner & transaction history
Mansfield Storage Owner LLC · 4 yrs held
Mansfield Storage Owner LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$640,000
+326.4%
Office building
$415,000
+177.9%
Auto repair, garage
$405,000
+169.8%
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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$640,000
Change: +326% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: +178% · Conversion: Difficult
AUTO REPAIR, GARAGE
$405,000
Change: +170% · Conversion: Easy
MEDICAL BUILDING
$395,000
Change: +164% · Conversion: Difficult
RETAIL STORES
$385,000
Change: +156% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$355,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$78 / 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
$56,486
Tax year 2023
Assessed value
$914,650
Assessed 2023
Previous assessed
$853,670
+7.1% YoY
Effective rate
6.18%
On assessed value
Assessed land
$722,220
Assessed improvement
$192,430
Land market value
$2,063,480
Improvement market value
$549,800
Total market value
$2,613,280
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Total area
6,400 SF
Lot
7.83 ac (341,075 SF)
APN
056-92-143-02-004
UPID
US66-5723028
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
RESTAURANT
Est. value
$640,000
OFFICE BUILDING
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$405,000
MEDICAL BUILDING
Est. value
$395,000
RETAIL STORES
Est. value
$385,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$355,000
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1983
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
7.83 ac
Current owner
From public records · entity-resolved
Mansfield Storage Owner LLC
Entity
Mailing address
200 PARK AVE #200, NEW YORK, NY 10166-0005
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
Mar 24, 2022
—
Mansfield Storage Owner LLC
Gvs Ohio Holdings II LLC
Limited Warranty Deed
—
Dec 7, 2018
—
Gvs Ohio Holdings II LLC
—
Deed
related
$110,000 · Ubs Ag Tampa Branch
Aug 3, 2017
—
Wc Ohio Storage Portfolio II Equity
Wc Osp2 Mansfield LLC
Quit Claim Deed
related
—
Aug 3, 2017
$4,191,475
Gvs Ohio Holdings II LLC
Wc Osp2 Mansfield LLC
Limited Warranty Deed
$35,325,000 · C-iii Commercial Mortgage LLC
Apr 30, 2015
$44,000
Wc Osp2 Mansfield LLC
Mini Storage Depot At Mansfield LLC
Limited Warranty Deed
—
May 7, 2008
$1,980,700
Mini Storage Depot At Mansfield LLC
Mansfield Storage Inns Of America L
Warranty Deed
$9,549,000 · Wrightwood Capital Lender LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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