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Property profile & analytics
FOR LEASE
Strip malls

787 Lexington Ave Mansfield, OH 44907

4,042 SF 0.98 ac lot Built 1955
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-1743616
Property summary
AI-generated overview

This exceptional single-tenant office suite, identified as Suite 311, offers 86 square feet of dedicated workspace, ideal for a sole practitioner or individual requiring a private and efficient office environment. Located within a larger building encompassing 27,768 square feet situated on a 0.982-acre lot, this space provides the perfect blend of privacy and accessibility. The suite is categorized as both a traditional and executive office, suggesting a professional and well-maintained building. The single-tenancy aspect ensures quiet and uninterrupted work, eliminating the distractions often associated with shared office spaces. The compact size is perfect for those seeking a cost-effective solution without compromising on privacy or professionalism. This is an excellent opportunity for an individual professional to establish a productive and private workspace in a well-maintained building. The building itself offers a traditional office environment, suitable for a range of professional uses. The location, while not specified, is implied to be desirable given the description's emphasis on the suite's appeal to those seeking a private workspace. The property's size and classification suggest a well-maintained and potentially prestigious address. This is a rare opportunity to secure a private, efficient, and well-located office space. The 86 square foot layout is designed for optimal functionality and privacy, making it an attractive option for a variety of individual professionals. Serious inquiries are encouraged.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1955
Total area 4,042 SF
Lot 0.98 ac (42,798 SF)
APN 027-07-190-07-000
UPID US66-1743616
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
  • Heartland Hearing MFD Hearing Aid Store
  • Arnold Amy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k
Owner & transaction history
777 799 Lexington Avenue LLC · 2 yrs held
777 799 Lexington Avenue LLC
since 2023
Last sale
$500,000
2 recorded transactions
2023
$500,000
2016
$720,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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