Freestanding Drive-Through
For Sale
Contact for pricing
154 Boardman Canfield Rd, Youngstown, OH 44512
Updated kitchen, complete FFE package, and dual drive-thru lanes support restaurant operations.
Property Size5,445 SF
Price / SF$165.29
Days on Market265
Property Features for 154 Boardman Canfield Rd
General Information
Standard status
Active
Size
5,445 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Equipment Included
Yes
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Aug 29
Last Checked: Aug 29 at 10:57PM
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
Investment Insights
Based on property information with market context.
This 5,445-square-foot freestanding restaurant is available for sale or lease. The building includes an updated kitchen with furniture, fixtures, and equipment included, along with a double drive-thru lane configuration suited to drive-through restaurant operations.
The property occupies a corner lot at 154 Boardman Canfield Rd in Youngstown, Ohio, near US 224 and Market St (SR 7). It is positioned across from Boardman Plaza and next to a neighborhood, providing a defined commercial setting with nearby residential context.
The property occupies a corner lot at 154 Boardman Canfield Rd in Youngstown, Ohio, near US 224 and Market St (SR 7). It is positioned across from Boardman Plaza and next to a neighborhood, providing a defined commercial setting with nearby residential context.
Key Highlights
- 5,445‑square‑foot freestanding restaurant
- Double drive‑thru lane configuration
- Updated kitchen with all FFE included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,151,860
$1.2M
Cap Rate 7%
$822,757
$822.8K
Cap Rate 9%
$639,922
$639.9K
Market Conditions
NOI Build-Up for 5,445 SF
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.
Gross rent
$81.7K $15.00/SF
− Vacancy
−$4.9K −$0.90/SF
EGI
$76.8K $14.10/SF
− OpEx
−$19.2K −$3.53/SF
NOI
$57.6K $10.58/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,151,860
Cap Rate 7%
$822,757
Cap Rate 9%
$639,922
Alternative Uses
Best Use
Specialty Retail
$822.8K
$719.9K – $959.9K
NOI $57,593 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,926 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Updated kitchen, complete FFE package, and dual drive-thru lanes support restaurant operations.
Where is this drive through restaurant located?
The property is located at 154 Boardman Canfield Rd Youngstown, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,445‑square‑foot freestanding restaurant; Double drive‑thru lane configuration; Updated kitchen with all FFE included
