Add Listing
    For Sale
    • 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

    Ashley Circle Austintown, OH 44515

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    COMMERCIAL - Austintown, OH

    Lot size:
    9.24 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 11 at 5:06 am

    Property Features for Ashley Circle

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    48-083-0-002.00-0
    Lot size
    9.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 TOO LARGE FOR DIMENSIONS F E VITULLO PLAT #1
    Tax Annual Amount
    9370

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Matthew P Kiko

    Listing agent Matthew P Kiko License #448128

    Listing office Kiko 2722 Fulton Dr. NW, Dover, OH

    Listing date Apr 7, 2026

    MLS# 5199329

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land Near Hollywood Casino

    Available for purchase are 10.93 acres of development land, zoned B-2 Business, Commercial, Retail, located near Hollywood Gaming Casino in Austintown Township, Mahoning County, OH. The land will be sold in two parcels and utilities are available. Auction #1 features 9.24 acres of development land with frontage on Hollywood Dr. at the casino entrance and on Ashley Circle. It is zoned B-2 and identified as Parcel #48-083-0-002.00-0. Auction #2 features 1.69 acres of development land, a corner parcel with frontage on Ashley Cr. and RT 46. It is zoned B-2 and identified as Parcel #48-083-0-019.00-0. The property offers high exposure and is located close to I-80.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Austintown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7655
    Latitude
    41.114854

    Nearby Similar for Sale

    • Contact for pricing

      Development Land Near Hollywood Casino

      1.69 - 10.93 acres of commercial land for sale.
      Ashley Circle, Austintown, OH 44515
      View Details
    • $48,500

      Vacant Land in Austintown Township

      Seven available lots on Norquest Boulevard, Austintown, Ohio.
      Norquest Boulevard, Austintown, OH 44515
      View Details
    • $35,000

      Buildable Lots in Austintown, OH

      Three buildable lots available in Austintown Schools.
      902 S Meridian Road, Austintown, OH 44509
      View Details
    • $99,000

      Acreage in Austintown Schools

      Land package with multiple lots available for building a home.
      902 S Meridian Road, Austintown, OH 44509
      View Details
    • $40,000

      Vacant Lots in Austintown Township

      Five vacant lots available in Austintown, Ohio.
      Norquest Boulevard, Austintown, OH 44515
      View Details
    • $29,900

      Commercial Land in Austintown, OH

      Corner commercial property available in Austintown, Ohio.
      3794-3796 Mahoning Avenue, Austintown, OH 44515
      View Details
    • $24,000

      Austintown Land with Frontage

      Two side-by-side lots totaling 0.732 acres with 155 feet frontage.
      902 S Meridian Road, Austintown, OH 44509
      View Details
    • $50,000

      Restaurant Business Opportunity For Sale

      Mexican cuisine restaurant business opportunity, building is leased.
      4837 Mahoning Avenue, Austintown, OH 44515
      View Details
    • $12,000

      Vacant Lot in Austintown, OH

      Platted vacant lot in Austintown Local School District.
      S Meridian Road, Austintown, OH 44509
      View Details
    • $7,000

      Vacant Land in Austintown Township

      Vacant lot available in Austintown, Ohio.
      N Navarre Avenue, Austintown, OH 44515
      View Details
    • $150,000

      Vacant Land in Austintown, OH

      4.67 acres of vacant land for sale.
      Silica Road, Austintown, OH 44515
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.93 acres of commercial land for development near Hollywood Casino.
    Where is this commercial land located?
    The property is located at Ashley Circle Austintown, OH.
    What are key features of this property?
    This property features: 10.93 acres of development land near Hollywood Gaming Casino.; Zoned B‑2 Business, Commercial, Retail.; Utilities available.
    (330) 327-9617
    We can help!
    Listing Contact
    Matthew P Kiko
    Real Estate License ID: 448128
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!