850-860 4 StOntario, OH 44906

Property Details for 850-860 4 St

Year built

1979

Construction

FRAME

Lot size

5.68 AC

Property size (Sq ft)

60,645 SF

Property type

Office properties

Property subtype

Office buildings

APN

027-04-240-09-003

APU

270424009003

Description

This exceptional Mansfield, Ohio property at 850-860 W 4th St, offers a unique opportunity for businesses seeking flexible office or flex space. The 60,645 square foot building, constructed in 1979 and renovated in 2008, features multiple suites totaling three units. Currently, there are 48,617 square feet available for lease, with a minimum divisible space of 10,000 square feet and a maximum contiguous space of 18,617 square feet. The building boasts impressive 18-foot ceilings, ideal for various business needs. Situated on a 5.68-acre lot, this property enjoys a convenient location just outside the heart of Mansfield, offering easy access to a diverse range of amenities including restaurants, shopping, educational institutions, and other businesses. Its proximity to the I-71 exit ramp (one mile away) provides excellent connectivity to the wider region, including Cleveland, Akron, and Columbus. The property's current tenant, Startek, a call center, occupies over 30,000 square feet within the plaza, demonstrating the suitability of the space for larger businesses. This property is perfectly suited for medium-sized retail, office, or flex users seeking a strategic location with ample space and modern amenities. The property is zoned for Retail, Office, and Industrial uses. The zip code is 44906.

• CAP approach

  CAP return

  Valuation

  6%

  $11,422,525

  6.5%

  $10,543,869

  7%

  $9,790,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,672,734

  Geo Method

  $5,672,734

• Alternative Use

  Use

  Valuation

  Residential

  $13,074,398

  Hospitality

  $11,976,078

  Educational

  $9,963,957

  Medical

  $10,306,632

  Retail

  $15,499,488

Location Insight

City

Ontario

County

Richland

State

Ohio

Latitude

40.7658

Longitude

-82.5463

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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