Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Redevelopment Opportunity in Canfield, OH Title is generated by Realmo AI

    4010 Boardman Canfield Rd, Canfield, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Excellent redevelopment opportunity near retail and dining.

    Type:OFFICE
    Property size:
    9,140 SF
    Lot size:
    1.62 Acres
    Price / SF:
    $191/SF
    Added:
    Jan 11, 2024
    Days on Market:
    894
    Last Refresh:
    May 20 at 9:23 pm

    Property Features for 4010 Boardman Canfield Rd

    General Information

    Standard status
    Active
    Size
    9,140 SF
    Lot size
    1.62 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Bill Kutlick
    Bill Kutlick

    Listing agent Bill Kutlick

    Listing office Platz Realty Group

    Listing date Jan 11, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group

    HighLights

    • Excellent redevelopment opportunity
    • Located across from Westford with Kensington Golf Course, Dunkin Donuts, Panera, and Marriott
    • Less than 1 mile from SR 11 with Starbucks, Chipotle, Get Go, and Sheetz
    • 3.5 miles from Southern Park Mall including Macy’s, JCP, and H&M
    • 5 miles to Shops at Boardman Park with Target, Kohls, and Barnes and Noble
    • Proximity to many national and regional retail stores and restaurants

    Overview

    This 9,140 square foot property presents an excellent redevelopment opportunity in Canfield, Ohio. The location is across from Westford, which includes Kensington Golf Course, Dunkin Donuts, Panera, and a Marriott. It is less than 1 mile from State Route 11, with nearby businesses such as Starbucks, Chipotle, Get Go, and Sheetz. The property is also located 3.5 miles from Southern Park Mall, featuring Macy’s, JCP, and H&M, and 5 miles to Shops at Boardman Park, which includes Target, Kohls, and Barnes and Noble, in addition to many other national and regional retail stores and restaurants.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $145.9k $15.96
    − Vacancy −$29.2k −$3.19
    EGI $116.7k $12.77
    − OpEx −$29.2k −$3.19
    NOI $87.5k $9.58
    9,140 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,525 @ 7.0% cap · market cap 5.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.72M
    $1.51M – $2.01M (±1% cap)
    NOI $120,736 @ 7.0% cap · market cap 6.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canfield
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7217
    Latitude
    41.0252

    FAQs

    What type of property is this?
    Office building - Excellent redevelopment opportunity near retail and dining.
    Where is this office building located?
    The property is located at 4010 Boardman Canfield Rd Canfield, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity; Located across from Westford with Kensington Golf Course, Dunkin Donuts, Panera, and Marriott; Less than 1 mile from SR 11 with Starbucks, Chipotle, Get Go, and Sheetz
    (330) 565-5701 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Kutlick
    Bill Kutlick
    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
    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

    Thank You for Inquiry
    4010 Boardman Canfield Rd, Canfield, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!