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    Property profile & analytics

    961 Main St Mansfield, OH 44903-8124

    • Industrial properties
    • 46,250 SF
    • 5.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2395203
    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

    • Waterline Technology / Home Appliance Store / Hardware & Home Improvement
    • Best Price Boxes / Big Box & Wholesale Store
    • Friendship Manor-MRM Cap / Apartment Building
    • Beach Sales & Engineering LLC / Engineer
    • Dearman Moving & Storage / Moving Company / Storage Facility

    Property Details for 961 Main St

    Year built
    2000
    Construction
    FRAME
    Lot size
    5.06 lot acres
    Property size
    46,250 SF
    Property type
    Industrial properties
    APN
    028-90-037-02-005
    APU
    289003702005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,594,000
      Market price range: $702k - $2.59M
      AI Estimate
      $1,445,000
      Market price range: $550k - $1.45M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,645,000
      Current use
      OFFICE BUILDING
      $3,005,000
      Change: +83% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,915,000
      Change: +77% Conversion: Easy
      MEDICAL BUILDING
      $2,850,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $2,765,000
      Change: +68% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,550,000
      Change: +55% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,405,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5146
    Latitude
    40.7894
    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
    $31,335
    $23,900
    $360,640
    $384,540
    -
    $68,280
    $1,030,410
    $1,098,690

    Comparable in this City

    • Value Estimation
      $1,760,000
      44,904 SF

      65 Paragon Pkwy

      INDUSTRIAL (GENERAL) • 44,904 SF
      65 Paragon Pkwy, Mansfield, OH 44903-8074
      View Details
    • Value Estimation by Request
      32,676 SF

      215 Longview W Ave

      INDUSTRIAL (GENERAL) • 32,676 SF
      215 Longview W Ave, Mansfield, OH 44903-4149
      View Details
    • Value Estimation
      $1,485,000
      34,320 SF

      2101 Airport W Rd

      INDUSTRIAL (GENERAL) • 34,320 SF
      2101 Airport W Rd, Mansfield, OH 44903-7803
      View Details
    • Value Estimation by Request
      8,990 SF

      50 Sawyer Pkwy

      INDUSTRIAL (GENERAL) • 8,990 SF
      50 Sawyer Pkwy, Mansfield, OH 44903-6514
      View Details
    • Value Estimation
      $1,735,000
      47,400 SF

      1427 Sprang Pkwy

      INDUSTRIAL (GENERAL) • 47,400 SF
      1427 Sprang Pkwy, Mansfield, OH 44903-6531
      View Details
    • Value Estimation by Request
      4,128 SF

      2710 Crider Rd

      INDUSTRIAL (GENERAL) • 4,128 SF
      2710 Crider Rd, Mansfield, OH 44903-8721
      View Details

    Similar Nearby for Sale

    • $3,000,000
      311,000 SF

      Industrial Building in Mansfield, OH

      Industrial building for sale in Mansfield, Ohio, 311,000 square feet.
      1320 S Main St, Mansfield, OH 44903
      View Details
    • $324,900
      12,807 SF

      Mansfield Multifamily Investment Opportunity

      Multifamily property near Ohio Health Mansfield Hospital with income potential.
      120 Sturges Ave, Mansfield, OH 44903
      View Details
    • $87,900

      Multi-Family Property in Mansfield, OH

      Income-generating multi-family property with recent roof replacement in quiet neighborhood.
      524 Lida St, Mansfield, OH 44903
      View Details
    • $2,816,250
      Pending

      37.55 Acres Commercial Land Available

      37.55 acres of commercial land for sale in Mansfield, OH.
      Southeast Quadrant, Mansfield, OH 44903
      View Details
    • $250,000

      Prime Land with Highway Frontage

      5.53 acres in Ontario with frontage on SR 30 and Mabee Rd.
      State Rte 30, Mansfield, OH 44903
      View Details
    • New
      $179,900
      2,100 SF

      Mansfield Multi-Family Investment Opportunity

      Two-unit property near downtown and hospital, ideal for investment.
      49 Lind Ave, Mansfield, OH 44903
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space Near Mansfield Airport

      Expandable warehouse space available for lease near Mansfield Airport.
      Mansfield, OH 44903
      View Details
    • $10 SF/Yr
      1,175 SF

      Mansfield Office Space: 1175 sq ft

      Prime Mansfield office, versatile layout, ready for your business.
      607 Manchester Rd, Mansfield, OH 44903
      View Details
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    961 Main St
    Mansfield, OH 44903-8124
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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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