Add Listing
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

    191 Mansfield Ave Mount Vernon, OH 43050-1117

    • Medical Office Space
    • 3,424 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0962957
    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

    • Medical Office Space

    Property Details for 191 Mansfield Ave

    Year built
    1961
    Lot size
    1.70 lot acres
    Property size
    3,424 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    66-03357.000
    APU
    6603357000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4897
    Latitude
    40.4143
    CBSA code
    34540
    CBSA name
    MOUNT VERNON, OH MICROPOLITAN 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
    $5,068
    $15,130
    $88,100
    $103,230
    -
    $43,230
    $251,710
    $294,940

    Comparable in this City

    • Value Estimation by Request
      2,558 SF

      210 Chestnut St

      MEDICAL CLINIC • 2,558 SF
      210 Chestnut St, Mount Vernon, OH 43050-3447
      View Details
    • Value Estimation
      $1,200,000
      10,564 SF

      1485 Coshocton Ave

      MEDICAL CLINIC • 10,564 SF
      1485 Coshocton Ave, Mount Vernon, OH 43050-1544
      View Details
    • Value Estimation by Request
      4,366 SF

      110 Gambier St

      MEDICAL CLINIC • 4,366 SF
      110 Gambier St, Mount Vernon, OH 43050-3559
      View Details
    • Value Estimation
      $1,250,000
      11,058 SF

      112 Harcourt Rd

      MEDICAL CLINIC • 11,058 SF
      112 Harcourt Rd, Mount Vernon, OH 43050-3946
      View Details
    • Value Estimation by Request
      7,020 SF

      309 Mulberry St

      MEDICAL CLINIC • 7,020 SF
      309 Mulberry St, Mount Vernon, OH 43050-3311
      View Details
    • Value Estimation by Request
      0.17 Acres

      812 Coshocton Ave

      MEDICAL CLINIC • 0.17 Acres
      812 Coshocton Ave, Mount Vernon, OH 43050-1947
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Industrial Building in Mt. Vernon

      Three-story industrial building with office space and secure vault.
      105 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • $5,000,000

      Prime Mount Vernon Land - 106 Acres

      Exceptional development opportunity, utilities available.
      8712 Martinsburg Rd, Mount Vernon, OH 43050
      View Details
    • $282,500

      Mount Vernon Business Lot - $282,500

      Prime Knox County commercial lot, ideal for development.
      0 Lot C Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • $1,100,000
      2,028 SF

      Mount Vernon Commercial Property

      Restaurant/Storefront, High-Traffic Area
      1061 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $155,808
      Pending

      Mount Vernon Buildable Homesite Land

      19.47 acres of land suitable for a rural homesite.
      unit Tract 1 Dunham Rd, Mount Vernon, OH 43050
      View Details
    • $215,200
      Pending

      Land Auction: Buildable Homesite

      26-acre potential homesite for sale at auction.
      unit Tract 6 Dunham Rd, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mount Vernon Office/Retail Space

      Office/retail space in a high-visibility location with ample parking.
      1650 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      3,500 SF

      Mount Vernon Office Space Available

      3,500 SF office space in a high-traffic retail corridor.
      1485 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr

      Mount Vernon Industrial Facility For Rent

      97,000 SF industrial space with cranes and office.
      105 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • $16 SF/Yr
      9,870 SF

      Mount Vernon Retail/Office Space

      Prime 1,131 SF Office Suite Available
      1650 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in Busy Center

      Retail space for lease in high-traffic Mt Vernon location.
      1558 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr
      57,000 SF

      Heartland Commerce Park Warehouse

      57,000 SF Industrial Space Available
      105 Sandusky - Shipping & Receiving, Mount Vernon, OH 43050
      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.
    191 Mansfield Ave
    Mount Vernon, OH 43050-1117
    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.
    Sign Up Successful!
    You now have access to more from Realmo!