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    Property profile & analytics

    228 Lexington Ave Mansfield, OH 44907-1238

    • Commercial kitchens
    • 2,425 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $80,000
    Last Sale
    Jan 04, 2021
    $80,000
    Location Intelligence
    Property ID
    US66-0786342
    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

    • Tacos and Margaritas, llc / Mexican Restaurant
    • Tacos and Margaritas / Mexican Restaurant

    Property Details for 228 Lexington Ave

    Year built
    1963
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Property size
    2,425 SF
    Property type
    Commercial kitchens
    APN
    027-01-005-14-000
    APU
    270100514000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5216
    Latitude
    40.7479
    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
    $1,930
    $6,840
    $20,430
    $27,270
    -
    $19,540
    $58,380
    $77,920

    Comparable in this City

    • Value Estimation
      $195,000
      4,468 SF

      282 Lexington Ave

      RESTAURANT • 4,468 SF
      282 Lexington Ave, Mansfield, OH 44907-1239
      View Details
    • Value Estimation
      $380,000
      1,652 SF

      1360 Lexington Ave

      RESTAURANT • 1,652 SF
      1360 Lexington Ave, Mansfield, OH 44907-2616
      View Details
    • Value Estimation
      $570,000
      3,614 SF

      1360 Trimble Rd

      RESTAURANT • 3,614 SF
      1360 Trimble Rd, Mansfield, OH 44907-2649
      View Details
    • Value Estimation
      $500,000
      2,976 SF

      1447 Lexington Ave

      RESTAURANT • 2,976 SF
      1447 Lexington Ave, Mansfield, OH 44907-2629
      View Details
    • Value Estimation
      $330,000
      2,829 SF

      1372 Lexington Ave

      RESTAURANT • 2,829 SF
      1372 Lexington Ave, Mansfield, OH 44907-2616
      View Details
    • Value Estimation
      $615,000
      3,399 SF

      2242 Main St

      RESTAURANT • 3,399 SF
      2242 Main St, Mansfield, OH 44907-2837
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,204 SF

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      High-visibility commercial property with drive-thru potential in Mansfield, OH.
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      Retail/Office Space in Mansfield, OH

      9500 sq ft retail/office space in Appleseed Shopping Center.
      1436 Lexington Ave, Mansfield, OH 44907
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      Retail Space in Appleseed Center

      2100 SF retail/office space in a busy shopping center.
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      Retail Space in Mansfield, OH

      Retail property for sale in Mansfield, Ohio, 730 square feet.
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    228 Lexington Ave
    Mansfield, OH 44907-1238
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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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