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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2880 Park W Ave Ontario, OH 44906-1026

    • Manufacturing properties
    • 42,480 SF
    • 3.82 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1607287
    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

    • Ontario Mechanical LLC / Sheet Metal Contractor

    Property Details for 2880 Park W Ave

    Year built
    1975
    Lot size
    3.82 lot acres
    Property size
    42,480 SF
    Property type
    Manufacturing properties
    APN
    038-60-176-09-000
    APU
    386017609000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $738,000
      Market price range: $602k - $2.38M
      AI Estimate
      $635,000
      Market price range: $635k - $1.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.6157
    Latitude
    40.7619
    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
    $9,831
    $32,350
    $110,390
    $142,740
    -
    $92,440
    $315,400
    $407,840

    Comparable in this City

    • Value Estimation
      $315,000
      7,100 SF

      3000 Park W Ave

      MANUFACTURING (LIGHT) • 7,100 SF
      3000 Park W Ave, Ontario, OH 44906-1050
      View Details
    • Value Estimation
      $330,000
      16,840 SF

      1015 Springmill St

      MANUFACTURING (LIGHT) • 16,840 SF
      1015 Springmill St, Mansfield, OH 44906-1571
      View Details
    • Value Estimation
      $660,000
      84,395 SF

      1575 Longview Ave

      MANUFACTURING (LIGHT) • 84,395 SF
      1575 Longview Ave, Mansfield, OH 44906-1806
      View Details
    • Value Estimation
      $445,000
      27,892 SF

      1237 4th St

      MANUFACTURING (LIGHT) • 27,892 SF
      1237 4th St, Ontario, OH 44906-1825
      View Details
    • Value Estimation
      $615,000
      43,865 SF

      525 Beer Rd

      MANUFACTURING (LIGHT) • 43,865 SF
      525 Beer Rd, Ontario, OH 44906-1214
      View Details
    • Value Estimation
      $5,145,000
      72,400 SF

      1150 National Pkwy

      MANUFACTURING (LIGHT) • 72,400 SF
      1150 National Pkwy, Mansfield, OH 44906-1911
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Mansfield Warehouse/Industrial Space Available

      7,000 sq. ft. warehouse/industrial space for lease.
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      25,000 SF

      Versatile Commercial Space in Mansfield

      25,000 sq ft commercial space ideal for various businesses.
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      10,000 SF

      Versatile Warehouse Space For Lease

      10,000 sq. ft. warehouse with flexible layout for various uses.
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    • $275,000
      2.68 Acres

      Trimble Rd, Mansfield, OH 44906

      Industrial properties • 2.68 Acres
      Trimble Rd, Mansfield, OH 44906
      View Details
    • Contact for pricing
      18,000 SF

      Versatile Commercial Space in Mansfield

      18,000 sq ft commercial space ideal for diverse operations.
      850 4Th St, Mansfield, OH 44906
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    • Contact for pricing
      427,461 SF

      Ontario Center Retail/Office/Warehouse Space

      Flexible commercial spaces available for lease in Ontario, Ohio.
      2209 Richland Mall, Mansfield, OH 44906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Mansfield, OH

      Retail space available for lease in Mansfield, Ohio.
      311 N Lexington Springmill Rd, Mansfield, OH 44906
      View Details
    • Contact for pricing
      11,296 SF

      Ontario Shops Retail Space

      High-visibility retail space near Richland Mall.
      994 Lexington-Springmill Rd, Ontario, OH 44906
      View Details
    • $800 /Mo
      100 SF

      Retail Space with Salon Features

      Retail space featuring salon infrastructure, ready for immediate occupancy.
      667 Lindaire Ln E, Mansfield, OH 44906
      View Details
    • Contact for pricing
      1,200 SF

      New Retail Space in Mansfield

      New construction retail space available in Raemelton Park.
      1029 S Trimble Rd, Mansfield, OH 44906
      View Details
    • Contact for pricing

      Retail Land Available For Lease

      Two land tracts available in major retail area.
      Lexington Springmill Rd, Mansfield, OH 44906
      View Details
    • Contact for pricing
      17,446 SF

      Applewood Plaza: Mansfield Retail Space

      Walmart-anchored retail center; 9 spaces available.
      311 Lexington-Springmill Rd, Ontario, OH 44906
      View Details
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    Ontario, OH 44906-1026
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    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
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