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    Property profile & analytics

    178 Wayne St Mansfield, OH 44902-1433

    • Bars
    • 3,420 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Jun 06, 2025
    $175,000
    Location Intelligence
    Property ID
    US66-0620093
    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

    • Bars

    Property Details for 178 Wayne St

    Year built
    1920
    Lot size
    0.15 lot acres
    Property size
    3,420 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    027-05-032-13-000
    APU
    270503213000

    Description

    This newly renovated bar and tavern presents a unique investment opportunity in a rapidly developing area of Mansfield, Ohio. The property boasts spacious and stylish interior entertaining areas, perfect for attracting a diverse clientele. Recent upgrades include new flooring, electrical systems, and plumbing, ensuring the property is in excellent condition. A significant advantage is the inclusion of a walk-in freezer and modern commercial appliances, streamlining operations and enhancing efficiency. The substantial storage space further adds to the property's practicality and operational flexibility. Beyond the interior, the property features attractive outdoor entertaining spaces, ideal for expanding the business's reach and creating a vibrant atmosphere. The strategic location across from new construction projects underscores the area's growth potential, promising increased foot traffic and a strong future for the business. This turnkey operation offers a compelling blend of modern amenities, prime location, and significant growth potential, making it an exceptional investment opportunity for discerning buyers. The property is being offered at $265,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $195,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $160,000
      Mixed-Use
      $200,000
      Hospitality
      $185,000
      Educational
      $190,000
      Residential Income
      $205,000
      Energy
      $205,000
      Income-Based Land
      $170,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5059
    Latitude
    40.7629
    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
    $2,299
    $2,090
    $28,850
    $30,940
    -
    $5,980
    $82,430
    $88,410

    Comparable in this City

    • Value Estimation by Request
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      4,128 SF

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      BAR, TAVERN • 4,128 SF
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      View Details
    • Value Estimation by Request
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      BAR, TAVERN • 4,360 SF
      185 Orange St, Mansfield, OH 44902-1428
      View Details

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    178 Wayne St
    Mansfield, OH 44902-1433
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    Realmo Value Estimation

    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.

    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.

    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
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