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6151 South Ave, Boardman, OH 44512
Corner retail property with established occupants and convenient access to I-680.
Property Size96,330 SF
Price / SF$40.49
Days on Market204
Property Features for 6151 South Ave
General Information
Standard status
Active
Size
96,330 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Platz Realty Group
Listed By:
Bill Kutlick · License #OH
(330) 565-5701
Source:
Crexi
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 14 at 8:00PM
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 96,330-square-foot shopping center is positioned at the intersection of South Ave and Mathews Rd in Boardman. The property includes multiple retail and service tenants, creating a diversified occupant mix within one commercial asset.
Current occupants include Amish Marketplace, Dollar General, Martial Arts Training Center, What's Cook'n, Youngstown Bakehouse, Danalyn's, and Extreme Tropical. The center is near I-680 and established retail destinations including Lowes, Giant Eagle, Walmart, Ashley Furniture, Hobby Lobby, and CFA.
Current occupants include Amish Marketplace, Dollar General, Martial Arts Training Center, What's Cook'n, Youngstown Bakehouse, Danalyn's, and Extreme Tropical. The center is near I-680 and established retail destinations including Lowes, Giant Eagle, Walmart, Ashley Furniture, Hobby Lobby, and CFA.
Key Highlights
- 96,330‑square‑foot shopping center
- Multiple long‑term tenants across retail and service uses
- Located at South Ave and Mathews Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$303,440
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,068,800
$6.1M
Cap Rate 7%
$4,334,857
$4.3M
Cap Rate 9%
$3,371,556
$3.4M
Market Conditions
NOI Build-Up for 96,330 SF
Gross rent
$578.0K $6.00/SF
− Vacancy
−$144.5K −$1.50/SF
EGI
$433.5K $4.50/SF
− OpEx
−$130.0K −$1.35/SF
NOI
$303.4K $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%
$6,068,800
Cap Rate 7%
$4,334,857
Cap Rate 9%
$3,371,556
Alternative Uses
Best Use
Retail
$4.33M
$3.79M – $5.06M
NOI $303,440 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.18M
$15.91M – $21.21M
NOI $1,272,481 @ 7.0% cap · market cap 32.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Giant Eagle, 1201 Doral Drive, Boardman, OH 44512
- Southland Crossings — 6937 south ave, youngstown, oh 44514
- Mathews Square — Boardman, OH 44512
Frequently Asked Questions
What type of property is this?
Shopping center - Corner retail property with established occupants and convenient access to I-680.
Where is this shopping center located?
The property is located at 6151 South Ave Boardman, OH.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 96,330‑square‑foot shopping center; Multiple long‑term tenants across retail and service uses; Located at South Ave and Mathews Rd
