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    5513 Mahoning Ave Austintown, OH 44515

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    5513 Mahoning Ave Austintown, OH 44515

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    • Specialty properties
    • 70,544 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 5513 Mahoning Ave

    Year built
    2004
    Property size
    70,544 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    Weston Center, located at 5513 Mahoning Ave, Austintown, OH 44515, offers exceptional retail, office, and special purpose space. This single-story, 70,544 square foot building, constructed in 2004 and renovated in 2018, boasts a prime location at a major signalized intersection on Mahoning Avenue, ensuring excellent visibility and high traffic counts. The property is zoned commercial (APN: 48-017-0-79.02-0) and features multiple tenancies with a minimum divisible space of 1,600 square feet, with larger spaces available up to 4,500 square feet. Benefit from a strong anchor tenant lineup including Chipotle, Panera Bread, Mercy Health, Bloomberg Eye Care, Verizon, Wing Stop, Coach's Burger Bar, Colla's Market, and Sport Clips. The high-density population surrounding the center ensures a robust customer base. A pylon sign is also available for increased brand visibility. This property presents a unique opportunity for businesses seeking a prominent location in a thriving Austintown commercial corridor. Cross street is Canfield Niles Road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Austintown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7646
    Latitude
    41.0996

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      480 Canfield-Niles Rd

      Office Units • 1,980 SF
      480 Canfield-Niles Rd, Youngstown, OH 44515
      View Details
    • Value Estimation by Request
      8,500 SF

      4774 Mahoning Ave

      Restaurants • 8,500 SF
      4774 Mahoning Ave, Austintown, OH 44515
      View Details
    • Value Estimation by Request
      2,756 SF

      101 Canfield-Niles Rd

      Office properties & Spaces • 2,756 SF
      101 Canfield-Niles Rd, Austintown, OH 44515
      View Details
    • Value Estimation by Request
      8,500 SF

      4774 Mahoning Ave

      Office Units • 8,500 SF
      4774 Mahoning Ave, Austintown, OH 44515
      View Details
    • Value Estimation by Request
      0.47 Acres

      3896 Oakwood Ave

      FUNERAL HOME • 0.47 Acres
      3896 Oakwood Ave, Austintown, OH 44515-3033
      View Details
    • Value Estimation by Request
      3,060 SF

      7171 Mahoning Ave

      CHARITABLE ORGANIZATION • 3,060 SF
      7171 Mahoning Ave, Youngstown, OH 44515-2121
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,992 SF

      Special Purpose Property For Sale

      18,992 SqFt special purpose commercial property available.
      701 N Four Mile Run Rd, Youngstown, OH 44515
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    • $50,000

      Restaurant Business Opportunity For Sale

      Mexican cuisine restaurant business opportunity, building is leased.
      4837 Mahoning Ave, Austintown, OH 44515
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    • Contact for pricing

      Prime Land Near I-80 Ramp

      21.3 acres suitable for hotel, fast food, or restaurant.
      - 21.3 acres Clarkins Dr, Austintown, OH 44515
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      Land For Sale

      2.41 acres of land available for sale.
      - 2.41 acres Clarkins Dr, Austintown, OH 44515
      View Details
    • Contact for pricing
      14,490 SF

      Walgreens Pharmacy NNN Lease Opportunity

      NNN leased Walgreens with approximately 6.5 years of primary term.
      5501 Mahoning Ave, Austintown, OH 44515
      View Details
    • $125,000

      Versatile Property in High-Visibility Area

      Updated mixed-use property with B-2 zoning in prime location.
      4258 Mahoning Ave, Youngstown, OH 44515
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Youngstown, Ohio.
      5533 Mahoning Ave, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Austintown Retail Space with Drive-Thru

      Retail space with drive-thru in Austintown, excellent location.
      480 S Canfield-Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing
      1,350 SF

      Office and Medical Suites Available

      General and medical suites for rent with front door parking.
      25 N Canfield Niles Rd, Youngstown, OH 44515
      View Details
    • $2,300 /Mo
      126,324 SF

      Office Flex Space Sublease

      3,200 SF office flex space available for sublease.
      5401 Ashley Cir, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Office Building with Suites Available

      Office building with suites available for rent.
      5401 Ashley Cir, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenants

      Retail space with high visibility and traffic.
      5513 Mahoning Ave, Austintown, OH 44515
      View Details
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    5513 Mahoning Ave
    Austintown, OH 44515
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    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
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