Two-Story Office
8150 Market St, Boardman, OH 44512
For Sale
Contact for pricing
A walkout lower level adds functional space to this office property in Boardman Township.
Property Size4,902 SF
Lot Size2.00 Acres
Price / SF$163.20
Days on Market23
Property Features for 8150 Market St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Platz Realty Group
Listed By:
Adam Divelbiss
(501) 551-3817
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 4:28PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The two-story office building contains 4,902 square feet and includes a walkout lower level. The property occupies 2 acres and carries Commercial zoning.
On Market St in Boardman Township, Mahoning County, the site is south of US 224 with access to I-680. Market St carries 13,122 vehicles per day. Nearby uses include offices, retail, restaurants, and housing.
On Market St in Boardman Township, Mahoning County, the site is south of US 224 with access to I-680. Market St carries 13,122 vehicles per day. Nearby uses include offices, retail, restaurants, and housing.
Key Highlights
- 4,902‑square‑foot office building with a walkout lower level
- 2‑acre site zoned Commercial
- Market St traffic count of 13,122 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,942
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,840
$938.8K
Cap Rate 7%
$670,600
$670.6K
Cap Rate 9%
$521,578
$521.6K
Market Conditions
NOI Build-Up for 4,902 SF
Gross rent
$78.2K $15.96/SF
− Vacancy
−$15.6K −$3.19/SF
EGI
$62.6K $12.77/SF
− OpEx
−$15.6K −$3.19/SF
NOI
$46.9K $9.58/SF
Area
Mahoning County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,840
Cap Rate 7%
$670,600
Cap Rate 9%
$521,578
Alternative Uses
Best Use
Office B
$670.6K
$586.8K – $782.4K
NOI $46,942 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.0K
$809.4K – $1.08M
NOI $64,753 @ 7.0% cap · market cap 8.09%
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
581
Businesses Nearby
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
Properties on Market for Office buildings in Mahoning County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A walkout lower level adds functional space to this office property in Boardman Township.
Where is this office building located?
The property is located at 8150 Market St Boardman, OH.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,902‑square‑foot office building with a walkout lower level; 2‑acre site zoned Commercial; Market St traffic count of 13,122 vehicles per day
