Six-Unit Apartment
New
For Sale
Contact for pricing
8236 Stadler Ave., Boardman, OH 44512
Commercial-zoned multifamily asset near medical, retail, dining, and regional highway access.
Property Size6,150 SF
Price / SF$96.91
Days on Market7
Property Features for 8236 Stadler Ave.
General Information
Standard status
Active
Size
6,150 SF
Property subtype
Multifamily
Zoning
Commercial
Occupancy
83%
Investment Type
Value Add
Net Operating Income
$24,055
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Building Details
Year Built
1979
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
CENTURY 21 Lakeside Realty
(330) 565-1085
Listed By:
Dawn Nicholas · License #OH C2001014344
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:27AM
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 CENTURY 21 Lakeside Realty
Investment Insights
Based on property information with market context.
This 6,150-square-foot apartment property contains six units and was built in 1979. The building is classified for Commercial zoning and reports 95% occupancy, providing an established rental profile for an apartment investor.
The property is situated on Stadler Ave. in Boardman, Ohio, with access to McClurg Road and proximity to the Boardman medical district, a local hospital, restaurants, shopping, and major highways.
The property is situated on Stadler Ave. in Boardman, Ohio, with access to McClurg Road and proximity to the Boardman medical district, a local hospital, restaurants, shopping, and major highways.
Key Highlights
- Six‑unit apartment building with 6,150 SF
- 95% occupied
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,260
$763.3K
Cap Rate 7%
$545,186
$545.2K
Cap Rate 9%
$424,033
$424.0K
Market Conditions
NOI Build-Up for 6,150 SF
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.
Gross rent
$73.8K $12.00/SF
− Vacancy
−$4.4K −$0.72/SF
EGI
$69.4K $11.28/SF
− OpEx
−$31.2K −$5.08/SF
NOI
$38.2K $6.21/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,260
Cap Rate 7%
$545,186
Cap Rate 9%
$424,033
Alternative Uses
Best Use
Apartment 5plus
$545.2K
$477.0K – $636.1K
NOI $38,163 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,239 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
592
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
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Commercial-zoned multifamily asset near medical, retail, dining, and regional highway access.
Where is this apartment building located?
The property is located at 8236 Stadler Ave. Boardman, OH.
What is the asking price?
The asking price for this property is $596,000.
What are key features of this property?
This property features: Six‑unit apartment building with 6,150 SF; 95% occupied; Built in 1979
