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    Automotive Showroom & Workshop Building Title is generated by Realmo AI

    104 N Canal St, Newton Falls, OH 44444

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    Claim this Listing
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    For Sale
    $259,000

    Commercial Building - Newton Falls, OH

    Property size:
    6,710 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $38/SF
    Added:
    May 31, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 104 N Canal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Garage
    Standard status
    Active
    APN
    53-238201
    Size
    6,710 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5298

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Year renovated
    1920
    Floors in Building
    1
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Cerneka

    Listing agent Julie Cerneka

    Listing office American Real Estate Specialists 226 BOARDMAN CANFIELD RD, Youngstown, OH

    Listing date May 31, 2026

    MLS# 11798460 Listing URL

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

    HighLights

    • Two commercial buildings in Newton Falls: 104 N. Canal and 126 N. Canal, formerly a car dealer
    • 104 N. Canal includes showroom for 4 cars with separate heating/AC, terrazzo flooring, and wide entry doors to drive‑in access
    • 104 N. Canal workshop/warehouse has drop‑down exhaust pipes, Reznor heater, 1/2 bath, tall ceilings, and overhead door for buses/oversized vehicles
    • 126 N. Canal features a smaller showroom with anti‑slip commercial tile, wide entry doors, half bath, conference room, and 2 offices (1 with private half bath)
    • Total asphalt parking for approximately 60 vehicles; flexible use options include using one building or leasing one or both
    • Public online auction ends Wed., July 22, 2026 at 6:30 pm EDT; opening bid $259,000 + 10% buyer’s premium (also available “buy now” $300,000 + premium; sells AS IS)

    Overview

    This property consists of two commercial buildings that were formerly operated as a car dealership. The larger building includes a showroom that accommodates up to four cars, with its own separate heating and air conditioning, terrazzo flooring, large windows for natural light, and wide entry doors that allow vehicles to pull inside. From the showroom, access continues to a workshop/warehouse area with drop-down exhaust pipes, a Reznor heater, a half bath, and an upper level that leads to parts storage. Tall ceilings and a large overhead door provide working clearance for buses or oversized vehicles, and an additional back work shop area was previously used for vehicle detailing and includes an air compressor and Reznor heater.

    Located in the business district of Newton Falls, the site is minutes from Routes 5 and 80 and near Lake Milton, with Cleveland and Pittsburgh both about an hour away. The property includes approximately 60 spaces of asphalt parking.

    The layout supports flexible use for an owner-operator who wants one building for operations while leasing the other, or for parties looking to run both facilities. The existing combination of vehicle-ready showrooms, workshop space, offices, and storage can translate well to automotive service, light industrial work, distribution, retail, office use, or other functional commercial concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton Falls
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.97698
    Latitude
    41.189858

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    FAQs

    What type of property is this?
    Flex space - Two-building commercial property with showrooms, multiple work areas, and substantial parking for vehicle service, light industrial, or repurposing.
    Where is this flex space located?
    The property is located at 104 N Canal St Newton Falls, OH.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Two commercial buildings in Newton Falls: 104 N. Canal and 126 N. Canal, formerly a car dealer; 104 N. Canal includes showroom for 4 cars with separate heating/AC, terrazzo flooring, and wide entry doors to drive‑in access; 104 N. Canal workshop/warehouse has drop‑down exhaust pipes, Reznor heater, 1/2 bath, tall ceilings, and overhead door for buses/oversized vehicles
    (330) 330-8950
    We can help!
    Listing Contact
    Julie Cerneka
    Request Owner's contact information
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    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
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