480 Glessner Ave Mansfield, OH 44903-2056
Property profile & analytics
480 Glessner Ave, Mansfield, OH 44903-2056
- Medical Office Space
- 2,720 SF
- 0.14 lot acres
Property ID
US66-6314505
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.
Location Intelligence
Current Use by Public Records
- Heringhaus John R DDS / Dental Office
- Drs Heringhaus General Dentistry / Dental Office
- Dr. Theresa D. Heringhaus, DDS / Dental Office
- Dr. Thomas R. Heringhaus, DDS / Dental Office
- Dermatology Associates / Physician / Medical Clinic
Property Details for 480 Glessner Ave
- Year built
- 1953
- Lot size
- 0.14 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 027-02-056-12-000
- APU
- 270205612000
Description
This exceptional Class A medical office condo in Mansfield, Ohio presents a compelling investment opportunity. The property, totaling 5,440 square feet, is currently 100% occupied by TD Dental under a new 15-year absolute NNN lease with 3% annual rent increases, guaranteeing a stable and growing income stream. The $1,400,000 asking price translates to $257.35 per square foot, offering an attractive 8% cap rate based on a current NOI of $112,000. The lease features two 5-year renewal options, further enhancing long-term value. The property is situated within a thriving medical office complex, just one minute from OhioHealth Mansfield Hospital, a significant advantage for patient referrals. The tenant, TD Dental, is a multi-unit dental service organization with experienced management and a proven track record. This hands-off investment requires zero landlord responsibilities, making it ideal for passive income seekers and 1031 exchange investors. Built in 1953, the property benefits from the tenant's recent 2024 expansion, demonstrating their long-term commitment to the location. The property consists of two units and offers significant potential for appreciation within the robust and growing dental industry. This is a truly exceptional opportunity to acquire a high-quality, low-maintenance investment property with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.5336
- Latitude
- 40.7537
- 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
$3,122
$9,700
$34,420
$44,120
-
$27,720
$98,330
$126,050
