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Financial
Distress signals
Property profile

205 Spring St Mansfield, OH 44902

FOR SALE
Other investment properties
Property ID
US66-0619910
3,571 SF 0.06 ac lot Built 1900
Last sale Oct 2024 · $46,500
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 205 Spring Street in Mansfield, Ohio is a commercial building containing 2,531 square feet of space. It has historically been used as a bar and grille and includes two rental apartments above, each configured as a 1-bedroom, 1-bath unit. The building has had recent system and unit updates, including a serviced furnace, a new sump pump, and improvements to both apartments; Unit B features a new entry door, toilet, vanity, kitchen faucet, updated ABS plumbing with some PEX, and a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$689
Tax billed · 2023
Assessed value$9k
Assessed land$1k
Assessed improvement$8k
Effective rate7.43%

Value estimate

· Oct 2026
$110k
$99k – $121k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$2k
Operating expenses−$15k
NOI · 29.00% cap applied$19k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$30/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$15 – $48
Qualifying comparables6

Cap rate analysis

How does the asset earn?
29.00%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionRICHLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy9.4
Gym & Fitness9.2
Carpet & Flooring Store8.7

Location

205 Spring St Mansfield, OH 44902
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
152-156 3rd, Mansfield, OH 44902 $10,000 Jan 2026 3,770 SF
217 Franklin, Mansfield, OH 44902-7874 $99,000 May 2024 3,720 SF
185-187 5th, Mansfield, OH 44902 $10,000 Feb 2024 3,816 SF
118 Main, Mansfield, OH 44902-7935 $25,000 Apr 2023 3,360 SF
143-147 Main, Mansfield, OH 44902 $25,000 Oct 2022 3,578 SF
16 2nd, Mansfield, OH 44902-2021 $78,000 Nov 2018 3,582 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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