Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    - 21.3 acres Clarkins Dr Austintown, OH 44515
    Back to Search
    Property profile & analytics

    - 21.3 acres Clarkins Dr, Austintown, OH 44515

    View on Map
    • Retail properties & Spaces
    • 21.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for - 21.3 acres Clarkins Dr

    Lot size
    21.30 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 21.3-acre commercial land parcel presents a unique investment opportunity in Austintown, Ohio. Located in Mahoning County, this vacant property boasts a highly desirable location on State Route 46 (Canfield Niles Road) and Webb Road, with convenient access to the I-80 on/off ramp. Its strategic positioning offers unparalleled visibility and accessibility for a wide range of commercial ventures. The property's zoning allows for diverse development options, making it ideal for restaurants, hotels, or fast-food establishments. The land is priced at $40,250 per acre, representing a significant value proposition given its prime location and development potential. Consider the proximity to Hollywood Gaming, a large 180-acre racetrack and casino, which further enhances the property's appeal and potential for high traffic and customer base. This is a rare chance to acquire a substantial tract of land in a thriving area with excellent infrastructure and high visibility, perfect for a variety of commercial uses. The property is currently vacant, providing immediate development opportunities for the discerning investor. The land is classified as Retail and Land, with a subtype of Restaurant and Commercial. The zip code is 44515.

    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
    -80.7668
    Latitude
    41.1262

    Comparable in this City

    • Value Estimation by Request
      2.41 Acres

      - 2.41 acres Clarkins Dr

      Restaurants
      - 2.41 acres Clarkins Dr, Youngstown, OH 44515
      View Details
    • Value Estimation by Request
      1.36 Acres

      - 1.36 acres Clarkins Dr

      Restaurants
      - 1.36 acres Clarkins Dr, Austintown, OH 44515
      View Details
    • Value Estimation by Request
      8,500 SF

      4774 Mahoning Ave

      Restaurants
      4774 Mahoning Ave, Austintown, OH 44515
      View Details
    • Value Estimation by Request
      1.20 Acres

      920 Canfield Niles Rd

      Land
      920 Canfield Niles Rd, Youngstown, OH 44515
      View Details
    • Value Estimation by Request
      5,852 SF

      2975 Canfield-Niles Rd

      Retail properties & Spaces
      2975 Canfield-Niles Rd, Youngstown, OH 44515
      View Details
    • Value Estimation by Request
      0.80 Acres

      6155-6175 Mahoning Ave

      Land
      6155-6175 Mahoning Ave, Youngstown, OH 44515
      View Details

    Similar Nearby for Sale

    • $50,000

      Restaurant Business Opportunity For Sale

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

      Land For Sale

      Land available for sale.
      - 1.36 acres Clarkins Dr, Austintown, OH 44515
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      920 North Canfield Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Enterprise Zone Tax Advantaged Land

      Land in Enterprise Zone with tax advantages.
      Silica & State Rte 46, Austintown, OH 44515
      View Details
    • Contact for pricing

      Land Available in Youngstown, OH

      Land for sale at 22 N Canfield Niles Rd, Youngstown.
      22 N Canfield Niles Rd, Youngstown, OH 44515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,980 SF

      Austintown Location with Drive-Thru

      Office or retail space with drive-thru in Austintown.
      480 S Canfield-Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing
      9,279 SF

      Retail/Flex Space Near Casino

      Retail/flex space with drive-in door near Hollywood Casino.
      5511 Silica Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Bank Building with Drive-Thru Lanes

      Bank building with drive-thru, located near major roads.
      101 S Canfield-Niles Rd, Austintown, OH 44515
      View Details
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available for lease.
      6000 Mahoning Ave, Austintown, OH 44515
      View Details
    • Contact for pricing

      Retail/Flex Space Near Casino

      Retail/flex space with drive-in door near Hollywood Casino.
      5511 Silica Rd, 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
    Request Owner's contact information
    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.
    - 21.3 acres Clarkins Dr
    Austintown, OH 44515
    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
    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

    Thank You for Inquiry
    - 21.3 acres Clarkins Dr, Austintown, OH, 44515
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!