New Construction Divisible Commercial
420 McClurg Rd, Boardman, OH 44512
For Sale
$1,100,000
12,000 SF divisible commercial building in Boardman Township, Ohio.
Property Size12,000 SF
Price / SF$91.67
Days on Market227
Property Features for 420 McClurg Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Gonatas Real Estate LLC
Listed By:
Dennis D Gonatas Sr. · License #2023000272
(330) 629-2696
Source:
Theacclaimedrealty
Added: Mar 27
Changed: Oct 26
Last Checked: Oct 7 at 5:23PM
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 Gonatas Real Estate LLC
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Investment Insights
Based on property information with market context.
This newly constructed 12,000 square foot commercial building is located on McClurg Road in Boardman Township, approximately 1.3 miles from the highway. Designed with flexibility in mind, the building can be configured for a single user or divided into four 3,000 square foot suites. It is suitable for owner-users, investors, contractors, service businesses, or warehouse and distribution uses. The structure features a clear-span interior, providing open usable space for various commercial or light industrial applications. The building is designed to accommodate future build-out, including front man doors and second-floor windows, allowing for office or mezzanine additions. Three-phase electric has been blueprinted for the southwest corner of the building, and all major utilities are available at the site. The property includes a spacious lot with room for parking, equipment staging, or future improvements. A variance may be applied for to expand the parking area to the west if additional parking is needed. According to a 2025 traffic study, McClurg Road carries approximately 7,682 vehicles per day.
Key Highlights
- New construction 12,000 SF commercial building divisible into four 3,000 SF units.
- Excellent location: just 1.3 miles to highway access.
- Flexible design: clear‑span interior suitable for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,310
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,200
$986.2K
Cap Rate 7%
$704,429
$704.4K
Cap Rate 9%
$547,889
$547.9K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$76.9K $6.41/SF
− Vacancy
−$6.5K −$0.54/SF
EGI
$70.4K $5.87/SF
− OpEx
−$21.1K −$1.76/SF
NOI
$49.3K $4.11/SF
Area
Mahoning County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,200
Cap Rate 7%
$704,429
Cap Rate 9%
$547,889
Alternative Uses
Best Use
Industrial
$704.4K
$616.4K – $821.8K
NOI $49,310 @ 7.0% cap · market cap 4.48%
Second Best
Flex RnD
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,515 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 12,000 SF divisible commercial building in Boardman Township, Ohio.
Where is this flex space located?
The property is located at 420 McClurg Rd Boardman, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: New construction 12,000 SF commercial building divisible into four 3,000 SF units.; Excellent location: just 1.3 miles to highway access.; Flexible design: clear‑span interior suitable for various uses.
