Open-Plan Storefront
For Sale
$279,000
5904 south Avenue, Boardman, OH 44512
CommercialSale, Boardman, OH
Property Size3,000 SF
Lot Size0.38 Acres
Price / SF$93
Days on Market194
Property Features for 5904 south Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Elementary school district
Boardman LSD - 5002
Middle school district
Boardman LSD - 5002
High school district
Boardman LSD - 5002
Directions
Corner of mathews road and south ave
Standard status
Active
APN
290150011000
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3027
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1960
Listing Agency:
RE/MAX Valley Real Estate · RE/MAX International
(330) 629-9200
Listed By:
Ronald M Liptak · License #422166
(330) 507-6766
Added: Apr 10
Changed: Oct 16
Last Checked: Oct 20 at 4:06PM
MLS# 5200475
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5904 South Avenue in Boardman, Ohio, this storefront property offers 3,000 square feet of open space. The building was constructed in 1960 and is heated by a forced-air system using natural gas.
The property occupies 0.375 acres and is offered for sale.
The property occupies 0.375 acres and is offered for sale.
Key Highlights
- 3,000 square feet of open space
- 0.375‑acre property
- Forced‑air heating system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,450
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,000
$189.0K
Cap Rate 7%
$135,000
$135.0K
Cap Rate 9%
$105,000
$105.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$18.0K $6.00/SF
− Vacancy
−$4.5K −$1.50/SF
EGI
$13.5K $4.50/SF
− OpEx
−$4.1K −$1.35/SF
NOI
$9.5K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,000
Cap Rate 7%
$135,000
Cap Rate 9%
$105,000
Alternative Uses
Best Use
Retail
$135.0K
$118.1K – $157.5K
NOI $9,450 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
176
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Sam's Club Floral — 6361 South Ave, Youngstown, OH 44512
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space includes forced-air heating fueled by natural gas.
Where is this storefront property located?
The property is located at 5904 south Avenue Boardman, OH.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,000 square feet of open space; 0.375‑acre property; Forced‑air heating system
