Open-Plan Retail
5904 south Avenue Boardman, OH 44512
For Sale
$279,000
SINGLE_FAMILY - Boardman, OH
Property Size3,000 SF
Lot Size0.38 Acres
Price / SF$93
Days on Market105
Property Features for 5904 south Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- 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
(330) 629-9200
Listed By:
Ronald M Liptak · License #422166
(330) 507-6766
Added: Apr 10
Changed: Jun 1
Last Checked: Jul 23 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This property presents a retail storefront configuration with an open-plan interior described as approximately 3,000 square feet. The available space is set up as a single, flexible room, which can simplify layout planning for many retail uses.
The property is located at 5904 South Avenue in Boardman, Ohio 44512, on a lot measuring approximately 0.375 acres.
If you’re evaluating space that can be adapted to your specific retail buildout, the open layout is a practical starting point for planning.
The property is located at 5904 South Avenue in Boardman, Ohio 44512, on a lot measuring approximately 0.375 acres.
If you’re evaluating space that can be adapted to your specific retail buildout, the open layout is a practical starting point for planning.
Key Highlights
- Approx. 3,000 SF open space
- Natural gas heating with forced air
- Built in 1960
Financial Insights For Retail
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 | $18.0k | $6.00 |
| − Vacancy | −$4.5k | −$1.50 |
| EGI | $13.5k | $4.50 |
| − OpEx | −$4.1k | −$1.35 |
| NOI | $9.5k | $3.15 |
3,000 SF · lease $6.00/SF/yr · vacancy 25.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Sam's Club Floral — 6361 South Ave, Youngstown, OH 44512
FAQs
What type of property is this?
Storefront property - Open-plan retail space offering a large, flexible interior footprint.
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: Approx. 3,000 SF open space; Natural gas heating with forced air; Built in 1960
