Mansfield, OH
Commercial Real Estate Market Trends & Data

$101 Avg asking sale price
$10 Avg asking lease rate
69,040 SF Avg unit lease size
39,748 SF Avg building size for sale
7.95% Average cap rate

Mansfield's Demographic Profile

Mansfield has 19,997 households and a median income of $37,163, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 45,059
# Households 19,997
Median age 40
Median household income $37,163
Avg household size 2.0
Renter-occupied housing units 10,045
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mansfield, OH

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Nearby Retail Markets Avg Cost/SF Typical Size
Mansfield $172 5,082 SF
Ontario $210 2,658 SF
Shelby $43 2,900 SF
Shiloh $133 9,100 SF
Galion $56 17,500 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mansfield $64 48,605 SF 10.63%
Lodi $312 1,788 SF 9.01%

Commercial Properties For Sale in Mansfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Sunset Blvd Apartments

Mansfield, OH 44907

  • 85,040 SF Multifamily
  • 3.99% Cap Rate
  • $7,500,000
For Sale

426 S Diamond St

Mansfield, OH 44902

  • 2,156 SF Retail Building
  • $99,900
For Sale

Hajoca

Mansfield, OH 44902

  • 10,980 SF Industrial Building
  • $500,000
For Sale

836 Park Ave W

Mansfield, OH 44906

  • 1.05 AC Lot
  • 1 Commercial Lot
  • $189,900
For Sale

Family Dollar | 3yrs Remain Corp NN

Mansfield, OH 44907

  • 8,008 SF Retail Building
  • 8.00% Cap Rate
  • $1,028,000
For Sale

1240 Fourth St W

Mansfield, OH 44906

  • 7.57 AC Lot
  • 1 Commercial Lot
  • $149,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mansfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mansfield $101 39,748 SF
Ontario $159 11,772 SF
Lexington $47 9,520 SF
Lucas $412 2,958 SF
Shelby $48 4,084 SF

Regional Demographic Comparison

This comparison places Mansfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mansfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mansfield 45,059 19,997 40 $37,163 2 10,045 1%
Ontario 6,867 2,868 41 $62,954 2 868 1%
Lexington 4,845 1,955 41 $68,882 2 480 -1%
Lucas 2,401 974 46 $68,018 2 119 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mansfield, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mansfield

View All Commercial Real Estate For Sale in Mansfield
Is Mansfield a good market for a first-time commercial real estate investor?

Mansfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mansfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mansfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mansfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mansfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mansfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mansfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mansfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mansfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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