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    1544 Main St Niles, OH 44446-1246
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    Property profile & analytics

    1544 Main St, Niles, OH 44446-1246

    View on Map
    • Distribution centers
    • 17,495 SF
    • 5.66 lot acres
    Off-Market
    Property ID
    US66-0134234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Durst Roofing & Siding, LLC / Roofing Company / General Contractor
    • Main Street Moving & Storage / Moving Company / Storage Facility

    Property Details for 1544 Main St

    Year built
    1964
    Lot size
    5.66 lot acres
    Property type
    Distribution centers
    APN
    24-310860
    APU
    24310860

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 22, 2022 — Affordable Storage Solutions LLC — Deed · related $147k · The Farmers National Bank Of Canfield
    Mar 7, 2018 — Durst Holdings LLC — Deed · related $358k · Home Savings Bank
    Dec 20, 2017 $256,800 Durst Holdings LLC George Roman Auctioneers Ltd Grant Deed —
    Nov 30, 2016 — Dominic L Gatta JR. — Deed · related $600k · Ohio Farmers Insurance Co
    Jan 31, 2014 — Dominic L Gatta JR. Gatta Leasing LLC Quit Claim Deed · related —
    — — Gatta Leasing LLC — Deed Of Trust · related $535k · Cortland Savings Bank
    — — Gatta Leasing LLC — Deed Of Trust · related $275k · Cortland Savings Bank
    — — Gatta Leasing LLC — Deed Of Trust · related $300k · Huntington National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,455,000
      6.5%
      $1,345,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $994,000
      Market price range: $344k - $1.55M
      AI Estimate
      $1,355,000
      Market price range: $714k - $1.68M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $825,000
      Current use
      RESTAURANT
      $1,615,000
      Change: +95% Conversion: Difficult
      MEDICAL BUILDING
      $1,435,000
      Change: +73% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,195,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $1,190,000
      Change: +44% Conversion: Moderate
      OFFICE BUILDING
      $1,185,000
      Change: +44% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,115,000
      Change: +35% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $855,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7797
    Latitude
    41.2016
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,909
    $16,100
    $139,690
    $155,790
    -
    $46,000
    $399,100
    $445,100

    Comparable in this City

    • Value Estimation by Request
      600,000 SF

      1590 Warren Ave

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    • Value Estimation
      $760,000
      20,900 SF

      1795 Youngstown Warren Rd

      DISTRIBUTION WAREHOUSE
      1795 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • Value Estimation by Request
      0.83 Acres

      Youngstown Warren

      TRUCK TERMINAL (MOTOR FREIGHT)
      Youngstown Warren, Niles, OH 44446
      View Details
    • Value Estimation
      $540,000
      0.35 Acres

      Youngstown Warren

      TRUCK TERMINAL (MOTOR FREIGHT)
      Youngstown Warren, Niles, OH 44446
      View Details
    • Value Estimation by Request
      0.62 Acres

      Washington

      TRUCK TERMINAL (MOTOR FREIGHT)
      Washington, Niles, OH 44446
      View Details
    • Value Estimation
      $540,000
      0.83 Acres

      Youngstown Warren

      TRUCK TERMINAL (MOTOR FREIGHT)
      Youngstown Warren, Niles, OH 44446
      View Details

    Similar Nearby for Sale

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      Truck Terminal with Warehouse and Office

      Two gravel-surfaced buildings with truck-terminal zoning and loading features support logistics, storage, and transportation operations.
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      Commercial Property with Rental Income

      Commercial property featuring office, storage, and residential rental units.
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    • $150,000
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      Niles Commercial Property on Route 422

      Commercial property with warehouse, shop, and office space on 5.33 acres.
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      Industrial Land in Niles, OH

      Industrial zoned land with frontage on Warren Ave and railroad.
      1780 Warren Ave, Niles, OH 44446
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    • $84,900
      14.48 Acres

      Spacious Land Parcel in Niles

      14.48-acre parcel with multiple access points and public utilities.
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    Similar Nearby for Lease

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      1,868 SF

      Mineral Ridge Flex/Industrial Space

      Flex/industrial space available for rent in Mineral Ridge, Ohio.
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      View Details
    • Contact for pricing

      Commercial Land for Lease

      0.4 acre commercial land available for ground lease.
      940 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • Contact for pricing
      600,000 SF

      Warren Tech Park Land Opportunity

      Land available within Warren Tech Park for energy solutions.
      1590 Warren Ave, Niles, OH 44446
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    • $2,500 /Mo
      27,722 SF

      Retail Space in Bustling Area

      Retail unit in high-traffic area near major routes.
      2821 Garland St, Niles, OH 44446
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    • Contact for pricing
      1,160 SF

      Retail Space on High-Traffic Corner

      1,160 SF retail space with private restroom and parking.
      754 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • Contact for pricing

      Retail/Office Space Available For Lease

      Retail and office spaces available for lease.
      5845 Youngstown Warren Rd, Niles, OH 44446
      View Details
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    1544 Main St
    Niles, OH 44446-1246
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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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