1221 Trimble RdMansfield, OH 44907

Property Details for 1221 Trimble Rd

Year built

2006

Property size (Sq ft)

1,775 SF

Property type

Office properties

Property subtype

Office buildings

APN

027-07-043-11-049

APU

270704311049

Description

This exceptional investment opportunity presents a 9,580 square foot, two-story office building situated on a 0.56-acre lot in Mansfield, Ohio. Built in 1995, the property boasts a strong 8.71% cap rate and a current NOI of $69,600, with 77% occupancy across its four individual office units. The building is zoned PDP C-Ofc, allowing for flexible use as executive, medical, or traditional office space. Modern amenities and well-maintained interiors are complemented by ample parking. Located at 1221 S Trimble Rd, zip code 44907, this property benefits from its strategic location in Richland County, offering easy access to major roadways and local services, making it an ideal location for businesses seeking a presence between Cleveland and Columbus. The property's versatile layout and high potential for increased occupancy make it an attractive investment for both seasoned and emerging investors. The asking price is $799,000. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $335,114

  6.5%

  $309,336

  7%

  $287,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $166,034

  Geo Method

  $166,034

• Alternative Use

  Use

  Valuation

  Residential

  $383,577

  Hospitality

  $351,355

  Educational

  $292,323

  Medical

  $302,376

  Retail

  $454,724

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7268

Longitude

-82.5466

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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