Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13 Park Ave. W, Unit 601 Mansfield, OH 44902

    • Warehouses
    • 16,200 SF
    • 1.19 lot acres
    For Sale
    View listing
    $1,050
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0162339
    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

    • Warehouses

    Property Details for 13 Park Ave. W

    Year built
    1988
    Lot size
    1.19 lot acres
    Property size
    16,200 SF
    Property type
    Warehouses
    APN
    027-05-002-05-000
    APU
    270500205000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,055,000
      AUTO REPAIR, GARAGE
      $1,020,000
      MEDICAL BUILDING
      $1,000,000
      RETAIL STORES
      $970,000
      APARTMENT HOUSE (5+ UNITS)
      $890,000
      INDUSTRIAL (GENERAL)
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sixth St
    County
    Richland
    State
    Ohio
    Longitude
    -82.5123
    Latitude
    40.7654
    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
    $7,311
    $8,180
    $95,130
    $103,310
    -
    $23,360
    $271,810
    $295,170

    Comparable in this City

    • Value Estimation by Request

      Market, OH

      MINI-WAREHOUSE, STORAGE
      Market, OH
      View Details
    • Value Estimation by Request
      0.19 Acres

      Front

      WAREHOUSE, STORAGE • 0.19 Acres
      Front, Front, OH
      View Details
    • Value Estimation by Request
      0.07 Acres

      Atlantic, OH

      MINI-WAREHOUSE, STORAGE • 0.07 Acres
      Atlantic, OH
      View Details
    • Value Estimation by Request
      0.09 Acres

      Brittain St, OH

      MINI-WAREHOUSE, STORAGE • 0.09 Acres
      Brittain St, OH
      View Details
    • Value Estimation by Request
      1.51 Acres

      Industrial Cir, OH

      MINI-WAREHOUSE, STORAGE • 1.51 Acres
      Industrial Cir, OH
      View Details
    • Value Estimation by Request
      48.78 Acres

      Meranda Rd, OH

      WAREHOUSE, STORAGE • 48.78 Acres
      Meranda Rd, OH
      View Details

    Similar Nearby for Sale

    • $1,400,000
      32,494 SF

      Warehouse in East Central Ohio

      Warehouse with convenient access to Columbus and Midwest markets.
      5695 Eco Pkwy, Frazeysburg, OH
      View Details
    • $2,900,000
      52,664 SF

      East Liberty Warehouse and Storage

      Warehouse and storage buildings on a large 30.313 AC site.
      13060 Ohio 287, East Liberty, OH
      View Details
    • Contact for pricing
      337,590 SF

      Industrial Development near I-70

      Proposed industrial park with freeway access and visibility.
      Hazelton-Etna Rd, Pataskala, OH
      View Details
    • Contact for pricing
      160,920 SF

      Industrial Buildings Near I-70

      Proposed industrial park with freeway access and visibility.
      Hazelton-Etna Rd SW, Pataskala, OH
      View Details
    • Contact for pricing
      1,117,950 SF

      I-75 Logistics Center

      Strategically located distribution center near I-75 with tax abatement.
      Ohio 63 & Un Rd, Lebanon, OH
      View Details
    • $3,200,000
      80,500 SF

      Spacious Warehouse in West Liberty

      80,500 SF warehouse with modern features in West Liberty, OH.
      600 N Detroit St, West Liberty, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      84,400 SF

      Former Kmart Available For Lease

      89,300 SF divisible space ideal for industrial, warehouse use.
      12501 Rockside Rd, Garfield Heights, OH
      View Details
    • $6,000 /Mo
      4,000 SF

      Industrial Property with Fenced Yard

      Centrally located industrial property with excellent highway access and storage.
      5617 Schaff Rd, Independence, OH
      View Details
    • Contact for pricing
      17,732 SF

      Cuyahoga Heights Warehouse Space

      17,732 SF warehouse space available for rent.
      550 Harvard Ave, Cuyahoga Heights, OH
      View Details
    • Contact for pricing
      1,422 SF

      Industrial Space in Worthington Park

      Centrally located office/warehouse suites with high visibility and aggressive pricing.
      6969 Worthington-Galena Rd, Columbus, OH
      View Details
    • Contact for pricing
      154,800 SF

      Lockbourne Warehouse Space Available

      154,800 SF warehouse with dock and drive-in doors.
      Commercial Pt Pkwy, Lockbourne, OH
      View Details
    • Contact for pricing
      79,556 SF

      West Chester Warehouse Space Available

      79,556 SF warehouse space with ample parking.
      4250 Prt Un Rd, West Chester, OH
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13 Park Ave. W, Unit 601
    Mansfield, OH 44902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.