Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    60 Boardman-Canfield Rd Youngstown, OH 44512

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    9,041 SF Shopping Center, 100% Occupied

    Property size:
    9,041 SF

    Property Features for 60 Boardman-Canfield Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,041 SF

    We can help!

    Listing Contact
    Alan Friedkin

    Listing Agent: Alan Friedkin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail investment opportunity presents a 9,041 square foot shopping center located at 50 & 60 Boardman-Canfield Road in Youngstown, Ohio, 44512. The property boasts a prime location on high-traffic State Route 224, just west of Market Street/Route 7. The center comprises two parcels totaling approximately 0.76 acres (140' x 230'). Building sizes are 4,331 square feet (built 1973) and 4,716 square feet (built 1950). Currently 100% occupied, the property generates a substantial annual income of $83,400 from a diverse tenant mix including All American Comics, Show Cutz Pet Grooming, TKD Martial Arts, and a beauty salon. Leases vary, with some month-to-month and others extending to November 30, 2024. The property includes ample parking with 50 spaces located in the rear. Annual real estate taxes are $11,916.60, insurance is $1,800, and CAM is approximately $4,000. This property presents a strong cash flow and significant redevelopment potential, making it an attractive investment opportunity. The asking price is $1,150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.664814
    Latitude
    41.0246641

    Nearby Similar for Sale

    • $175,000
      0.24 Acres

      Versatile Commercial Property For Sale

      Commercial property with steady income, excellent visibility, and growth potential.
      28 Jacobs Rd, Youngstown, OH 44505
      View Details
    • $150,000
      3,000 SF

      Youngstown Commercial Property with Parking

      Commercial building in Youngstown, OH, with ample parking and new roof.
      1535 Logan Ave, Youngstown, OH 44505
      View Details
    • $695,000
      9,204 SF

      Former Convent/Dormitory Multi-Purpose Property

      Versatile 29-bedroom property, formerly a convent/dormitory/shared living space.
      795-796 5Th St, Youngstown, OH 44471
      View Details
    • $599,500
      0.30 Acres

      Downtown Youngstown Retail Opportunity

      Retail or restaurant space near Youngstown Foundation Amphitheater and Covelli Center.
      200-208 W Front St, Youngstown, OH 44503
      View Details
    • New
      $275,000
      3,918 SF

      Income-Producing 4-Plex Near YSU

      Fully rented 4-plex near Youngstown State University.
      587 Tod Ln, Youngstown, OH 44504
      View Details
    • $375,000
      2,716 SF

      Updated Duplex in Youngstown, OH

      Stunning, updated duplex with modern amenities and strong rental income.
      321 Meadowbrook Ave, Youngstown, OH 44512
      View Details
    • $179,900
      0.72 Acres

      Youngstown Commercial Property For Sale

      Commercial property near downtown with garages and vehicle lift.
      1003 South Ave, Youngstown, OH 44502
      View Details
    • $259,900
      1,848 SF

      Well-Built Duplex in Austintown

      2001 duplex with open floor plan, ideal for investors.
      3921/3923 Huntmere Ave, Youngstown, OH 44515
      View Details
    • New
      $240,000
      0.28 Acres

      Mixed-Use Property in Youngstown, OH

      Commercial and residential property with salon, renovated in 2020.
      565 S Meridian Rd, Youngstown, OH 44509
      View Details
    • $369,900
      0.02 Acres

      Well-Maintained Ranch-Style Duplex

      Investment opportunity: ranch duplex with 3 beds, 2 baths.
      4591 Churchill Rd, Youngstown, OH 44505
      View Details
    • $155,500
      0.15 Acres

      Updated Duplex in Youngstown, OH

      Fully updated duplex with immediate income potential in Youngstown.
      20 Erskine Ave, Youngstown, OH 44512
      View Details
    • New
      $180,000
      0.14 Acres

      Youngstown Duplex Near YSU

      Fully occupied duplex near YSU, rented by the bedroom.
      816 Michigan Ave, Youngstown, OH 44504
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 9,041 SF Shopping Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 60 Boardman-Canfield Rd Youngstown, OH.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 50 & 60 Boardman Canfield Road, Canfield, OH; Asking Price: $1,150,000; 50 Boardman Canfield Road: 4,331 SF building, built 1973, Parcel # 29-066-0-087.00-0, annual taxes $6,127.88. Tenants: All American Comics ($2,030/month, month-to-month) and Show Cutz Pet Grooming ($1,170/month, month-to-month).
    Request Owner's contact information
    60 Boardman-Canfield Rd Youngstown, OH 44512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    60 Boardman-Canfield Rd
    Youngstown, OH 44512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Boardman-Canfield Rd Youngstown, OH 44512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alan Friedkin
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!