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New Construction Divisible Commercial Building

420 Mcclurg Road Boardman, OH 44512

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12,000 SF divisible commercial building in Boardman Township, Ohio.

Type:Industrial
Property size:
12,000 SF
Price / SF:
$91/SF
Added:
Mar 13, 2026
Days on Market:
121
Last Refresh:
Jul 2 at 7:24 am

Property Features for 420 Mcclurg Road

General Information

Standard status
Active
Size
12,000 SF
Property subtype
Industrial

Building Details

Year Built
2025

Listing office Gonatas Real Estate

Listing date Mar 13, 2026

Source Crexi

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


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.

Local Financial Insights For Warehouse

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 $76.9k $6.41
− Vacancy −$6.5k −$0.54
EGI $70.4k $5.87
− OpEx −$10.6k −$0.88
NOI $59.9k $4.99
12,000 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$855.4K
$748.5K – $998.0K (±1% cap)
NOI $59,877 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$704.4K
$616.4K – $821.8K (±1% cap)
NOI $49,310 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M (±1% cap)
NOI $158,515 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Parking Lot & Garage HVAC Service Skin Care Clinic Storage Facility Auto Parts Store Hair Salon Cafe & Coffee Shop Bakery Computer & Electronic Repair

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

FAQs

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 Road 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.
Contact an agent
(330) 729-5004 Call to check price and availability
More about this property
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