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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Industrial properties
45-47 Industrial Pkwy Dr Mansfield, OH 44903
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2428423
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
10,240 SF
Lot
2.36 ac (102,802 SF)
APN
059-62-210-01-008
UPID
US66-2428423
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$605k
Owner & transaction history
Washington Enterprises Vi LLC · 6 yrs held
Washington Enterprises Vi LLC
since 2020
Last sale
$640,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$665,000
+82.6%
Auto repair, garage
$645,000
+77.3%
Medical building
$630,000
+73.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$600,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$365,000
Current use
OFFICE BUILDING
$665,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +68% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $640k (May 20 2020)
Last sale anchor
$640k
May 20 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,748
Tax year 2023
Assessed value
$140,390
Assessed 2023
Previous assessed
$80,170
+75.1% YoY
Effective rate
6.94%
On assessed value
Assessed land
$25,180
Assessed improvement
$115,210
Land market value
$71,940
Improvement market value
$329,170
Total market value
$401,110
Applied tax rate
5,962.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Units
1
Total area
10,240 SF
Lot
2.36 ac (102,802 SF)
APN
059-62-210-01-008
UPID
US66-2428423
Jurisdiction
RICHLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$365,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$645,000
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Washington Enterprises Vi LLC
Entity
Mailing address
45 INDUSTRIAL DR, LEXINGTON, OH 44904-1372
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2020
$640,000
Washington Enterprises Vi LLC
Thierlein Holdings LLC
Warranty Deed
$448,000 · The Middlefield Banking Co
Oct 8, 2015
—
Thierlein Holdings LLC
Robert A Thierlein
Intrafamily Transfer
related
—
Nov 16, 2006
$107,500
Robert A Thierlein
Store It Condos LLC
Warranty Deed
—
Jun 6, 2005
$88,750
Store It Condos LLC
S & S Coach Sales INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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