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    20 S Canal St Newton Falls, OH 44444

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    20 S Canal St Newton Falls, OH 44444

    View on Map
    • Drive through restaurants
    • 4,638 SF
    • 0.31 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Office For Lease
    $12 SF/Yr

    Office

    Office buildings

    20 S Canal St, Newton Falls, OH 44444
    View Listing
    Property ID
    US66-1108857
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Hair Loft / Hair Salon
    • McDonald's / Restaurant / Take-out & Catering

    Property Details for 20 S Canal St

    Year built
    1986
    Lot size
    0.31 lot acres
    Property size
    4,638 SF
    Property type
    Drive through restaurants
    APN
    53-260140
    APU
    53260140

    Description

    This stunning, two-story, 8,000 square foot former bank building presents a unique opportunity for businesses seeking a prominent presence in Newton Falls, Ohio. Located on a desirable corner lot in the heart of the downtown area, this Class B office building offers excellent visibility and accessibility. Currently, there is one available space encompassing 4,200 square feet, perfect for a variety of office uses. The building's traditional office layout provides a professional and functional workspace. The owner is motivated and willing to contribute to tenant improvements, making this an attractive option for businesses looking to customize their space. The building's history as a bank adds character and prestige, while its location ensures high foot traffic and easy access for clients and employees. This is a rare opportunity to secure a substantial and well-situated office space in a thriving downtown area. The multiple tenancy structure allows for flexibility and potential for future expansion. The property is situated in Trumbull County, offering access to a range of local amenities and services. Don't miss this chance to establish your business in this impressive and well-positioned building. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $704,000
      Market price range: $177k - $890k
      AI Estimate
      $734,000
      Market price range: $295k - $734k

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton Falls
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.9777
    Latitude
    41.1893
    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
    $12,759
    $28,280
    $217,530
    $245,810
    -
    $80,800
    $621,500
    $702,300

    Comparable in this City

    • Value Estimation by Request
      0.70 Acres

      Canal

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.70 Acres
      Canal, Newton Falls, OH 44444
      View Details
    • Value Estimation by Request
      2,340 SF

      50 Canal St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,340 SF
      50 Canal St, Newton Falls, OH 44444-1301
      View Details
    • Value Estimation
      $1,550,000
      3,030 SF

      52 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,030 SF
      52 Broad St, Newton Falls, OH 44444-1603
      View Details
    • Value Estimation by Request
      0.48 Acres

      Broad

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.48 Acres
      Broad, Newton Falls, OH 44444
      View Details
    • Value Estimation by Request
      2,508 SF

      377 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,508 SF
      377 Broad St, Newton Falls, OH 44444-1272
      View Details
    • Value Estimation by Request
      0.08 Acres

      Broad Broad

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.08 Acres
      Broad Broad, Newton Falls, OH 44444
      View Details

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      Turnkey Motorcycle Store Opportunity

      Turnkey motorcycle store with inventory, tools, and real estate.
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      Retail Space Available For Sale

      Retail space with 3,572 SqFt available for purchase.
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      View Details
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      11,325 SF

      Prime Location Retail Building

      High-visibility retail building with drive-thru and ample parking.
      325 W Broad St, Newton Falls, OH 44444
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      Commercial Lots in Newton Falls

      Three commercial lots for sale, ideal for investment.
      611 N Canal St, Newton Falls, OH 44444
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,010 SF

      Restaurant with Drive-Thru Available

      2,010 SF restaurant with drive-thru for lease.
      50 North Canal St, Newton Falls, OH 44444
      View Details
    • Contact for pricing

      20 S Canal St, Newton Falls, OH 44444

      Office buildings
      20 S Canal St, Newton Falls, OH 44444
      View Details
    • Contact for pricing

      Land with River View

      Commercial land available for rent with high traffic frontage.
      W Broad St, Newton Falls, OH 44444
      View Details
    View Listing
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    Newton Falls, OH 44444
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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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    20 S Canal St, Newton Falls, OH, 44444

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