Two-Building Warehouse
15439 Akron Canfield Rd, Berlin Center, OH 44401
For Sale
Contact for pricing
Industrial facilities offer flexible warehouse, office, equipment, and yard functionality.
Property Size22,200 SF
Price / SF$59.68
Days on Market55
Property Features for 15439 Akron Canfield Rd
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Voltage
Three-Phase Power
Additional Details
Outdoor Storage
Building Details
Buildings
Listing Agency:
Platz Realty Group
Listed By:
Matthew Wilson · License #OH
(330) 347-9677
Source:
Crexi
Added: Sep 15
Changed: Nov 4
Last Checked: Nov 6 at 8:39AM
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
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Investment Insights
Based on property information with market context.
The property comprises two warehouse buildings totaling 22,200 square feet. The 15,000-square-foot front building includes three offices, a kitchenette, a 10-ton crane, and an 18-foot drive-in door. The 7,200-square-foot rear building has 12-foot and 16-foot drive-in doors, LED lighting, and radiant heat.
Located at 15439 Akron Canfield Rd in Berlin Township, the site is served by 240 V three-phase electric power. Exterior improvements include a gravel turnaround, a covered aggregate pit, and an additional laydown yard. The combination of warehouse space, office areas, overhead handling equipment, multiple drive-in doors, and outdoor operating areas supports a range of industrial uses.
Located at 15439 Akron Canfield Rd in Berlin Township, the site is served by 240 V three-phase electric power. Exterior improvements include a gravel turnaround, a covered aggregate pit, and an additional laydown yard. The combination of warehouse space, office areas, overhead handling equipment, multiple drive-in doors, and outdoor operating areas supports a range of industrial uses.
Key Highlights
- Two warehouse buildings totaling 22,200 square feet
- Front building includes 15,000 SF, three offices, kitchenette, and a 10‑ton crane
- Rear building provides 7,200 SF with 12‑foot and 16‑foot drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,772
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,440
$2.2M
Cap Rate 7%
$1,582,457
$1.6M
Cap Rate 9%
$1,230,800
$1.2M
Market Conditions
NOI Build-Up for 22,200 SF
Gross rent
$142.3K $6.41/SF
− Vacancy
−$12.0K −$0.54/SF
EGI
$130.3K $5.87/SF
− OpEx
−$19.5K −$0.88/SF
NOI
$110.8K $4.99/SF
Area
Mahoning County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,440
Cap Rate 7%
$1,582,457
Cap Rate 9%
$1,230,800
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.85M
NOI $110,772 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,253 @ 7.0% cap · market cap 22.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44401, OH
2,648
Population
1,062
Households
2.5
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
30.5 sq mi
ZIP Area
87
Density / Sq Mi
$67,094
Median Household Income
$44,844
Median Earnings
$740
Median Rent
$229,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Mahoning County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facilities offer flexible warehouse, office, equipment, and yard functionality.
Where is this warehouse located?
The property is located at 15439 Akron Canfield Rd Berlin Center, OH.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two warehouse buildings totaling 22,200 square feet; Front building includes 15,000 SF, three offices, kitchenette, and a 10‑ton crane; Rear building provides 7,200 SF with 12‑foot and 16‑foot drive‑in doors
