5600 Market St, Boardman, OH 44512
A combined retail-first-floor and apartment-second-floor property with approved residential units, ample parking, and high-traffic exposure.
- Added:
- Jun 15, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 4:56 am
Property Features for 5600 Market St
General Information
- Standard status
- Active
- Size
- 5,270 SF
- Lot size
- 1.00 Acre
Listing agent Tom D'Amico (330) 782-3381
Listing office D'Amico Agency (330) 782-3381
Listing date Jun 15, 2026
Source Exprealty
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HighLights
- Mixed‑use building with ~5,270 SF commercial space on the first floor and ~10,370 SF residential space on the second floor
- Approved for eight residential apartments for rental income potential
- 1‑acre site with 55 parking spaces
- Separately metered gas and electric utilities
- High‑visibility main road with nearly 18,000 vehicles per day daily traffic count
- Convenient to shopping centers, Mill Creek MetroParks, Boardman Park, and Akron Children’s Hospital (1 mile north of SR 224, Boardman Center)
Overview
The building is located along a high-visibility main road with a daily traffic count of nearly 18,000 vehicles, supporting strong visibility and convenient customer access. It is positioned 1 mile north of State Route 224, and the surrounding area includes nearby shopping centers, Mill Creek MetroParks, Boardman Park, and Akron Children’s Hospital.
For buyers and operators, the configuration supports a dual-use strategy that can serve both retail customers and residents. The approved eight-apartment setup can help streamline planning for residential development within the existing building footprint, while the dedicated commercial level may support a retail tenant or other storefront-oriented use consistent with the property’s current layout.
Local Financial Insights For Mixed Use
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 | $79.1k | $15.00 |
| − Vacancy | −$15.8k | −$3.00 |
| EGI | $63.2k | $12.00 |
| − OpEx | −$23.7k | −$4.50 |
| NOI | $39.5k | $7.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boardman
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6631274
- Latitude
- 41.0415621
