Warehouse With Expansion
For Sale
Contact for pricing
525 McClurg Rd, Boardman, OH 44512
Clean warehouse facility with dock access, drive-in loading, and room for future expansion.
Property Size40,079 SF
Lot Size4.14 Acres
Price / SF$75
Days on Market8
Property Features for 525 McClurg Rd
General Information
Standard status
Active
Size
40,079 SF
Lot size
4.14 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
2
Drive-In Doors
1
Power
1,600 amps
Voltage
480 V
Conditioned Warehouse
Yes
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick · License #OH
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 18 at 7:45AM
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 40,079-square-foot warehouse occupies approximately 4.14 acres and includes two dock doors plus one drive-in door. The rear section provides an 18-foot clear ceiling, while 6-inch concrete floors support warehouse operations. Electrical service is rated at 480V and 1,600 Amps. Building climate features include radiant-tube heat in the warehouse and air conditioning.
The property is located at 525 McClurg Rd in Boardman, Ohio, near Bev Rd. The site includes room for expansion, adding flexibility for continued warehouse use and future facility growth.
The property is located at 525 McClurg Rd in Boardman, Ohio, near Bev Rd. The site includes room for expansion, adding flexibility for continued warehouse use and future facility growth.
Key Highlights
- 40,079‑square‑foot warehouse on approximately 4.14 acres
- Two dock doors and one drive‑in door
- 18' clear ceiling height in the rear
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
$199,984
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
6.65%
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%
$3,999,680
$4.0M
Cap Rate 7%
$2,856,914
$2.9M
Cap Rate 9%
$2,222,044
$2.2M
Market Conditions
NOI Build-Up for 40,079 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
$256.9K $6.41/SF
− Vacancy
−$21.6K −$0.54/SF
EGI
$235.3K $5.87/SF
− OpEx
−$35.3K −$0.88/SF
NOI
$200.0K $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 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%
$3,999,680
Cap Rate 7%
$2,856,914
Cap Rate 9%
$2,222,044
Alternative Uses
Best Use
Warehouse
$2.86M
$2.50M – $3.33M
NOI $199,984 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.56M
$6.62M – $8.82M
NOI $529,428 @ 7.0% cap · market cap 17.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Clean warehouse facility with dock access, drive-in loading, and room for future expansion.
Where is this warehouse located?
The property is located at 525 McClurg Rd Boardman, OH.
What is the asking price?
The asking price for this property is $3,005,925.
What are key features of this property?
This property features: 40,079‑square‑foot warehouse on approximately 4.14 acres; Two dock doors and one drive‑in door; 18' clear ceiling height in the rear
