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Property profile & analytics
OFF-MARKET Estimated value $3,405,000
Super regional malls

2209 Richland Mall Mansfield, OH 44906-1262

236,276 SF 19.68 ac lot Built 1968
Entity Owned Free & Clear
Property ID
US66-2321299
Property summary
AI-generated overview

This exceptional flex/warehouse space, located at 2209 Richland Mall in Mansfield, Ohio, presents a unique opportunity for businesses seeking versatile and strategically located accommodations. The property, totaling 445,789 square feet, offers multiple units ranging from 3,500 to 20,000 contiguous square feet, ideal for a variety of uses. Situated on a 19.62-acre lot in Richland County (APN: 038-60-160-03-000), this Class B building boasts an 18-foot ceiling height, ample parking, and a secured property with a sprinkler system. The property benefits from heavy power, private bathrooms, and individual heat and AC units, along with separate electrical, gas, and water meters. Currently, nine spaces are available, with monthly rental rates varying depending on unit size. Examples include a 4,769 sq ft unit for $3,000/month and a 15,951 sq ft unit for $10,000/month. Built in 1969, the property enjoys a high-visibility location within a dense retail and residential corridor, providing excellent access and exposure. The property taxes are $0.20 per square foot. Under new management, planned renovations are slated for the next 24 months, further enhancing the property's appeal. Flexible lease terms are available, and reasonable tenant improvements will be considered. This is a prime location offering high visibility and competitive pricing, making it an excellent opportunity for various businesses.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1968
Total area 236,276 SF
Lot 19.68 ac (857,130 SF)
APN 038-60-160-05-000
UPID US66-2321299
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
  • Hot Topic Clothing Store Fashion Accessories Store
  • Spencer's (Bike/Boat/Book/etc) Store
  • Gifts 4 You Department Store
  • Center for Soulitude, LTD. Spa & Massage Center
  • American Tower Corporation Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.11M
Blend (final) Blend
$3.41M
Owner & transaction history
Ajm LLC
Ajm LLC
since 2025
Last sale
$2.7M
7 recorded transactions
2025
$2.7M
2024
Price N/A
2023
$69,000
2020
$1.7M
2018
$7.4M
2018
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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