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    2362 S Canal St Newton Falls, OH 44444
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    2362 S Canal St Newton Falls, OH 44444

    View on Map
    • Auto shops
    • 5,550 SF
    • 0.20 lot acres
    For Sale
    $450,000
    View Listing →
    Turnkey Motorcycle Store Opportunity For Sale
    $450,000
    5,500 SF

    Turnkey Motorcycle Store Opportunity

    Turnkey motorcycle store with inventory, tools, and real estate.

    2362 S Canal St, Newton Falls, OH
    View Listing
    Property ID
    US66-1309337
    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

    • Mickey's Rolling Thunder / Auto Parts Store / Motorcycle Shop

    Property Details for 2362 S Canal St

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property size
    5,550 SF
    Property type
    Auto shops
    APN
    51-443700
    APU
    51443700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton Falls
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.9833
    Latitude
    41.1793
    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
    $3,117
    $2,420
    $55,900
    $58,320
    -
    $6,900
    $159,700
    $166,600

    Comparable in this City

    • Value Estimation by Request
      1,252 SF

      Milton

      AUTO REPAIR, GARAGE • 1,252 SF
      Milton, Newton Falls, OH 44444
      View Details
    • Value Estimation
      $755,000
      12,398 SF

      115 Canal St

      AUTO REPAIR, GARAGE • 12,398 SF
      115 Canal St, Newton Falls, OH 44444-1644
      View Details
    • Value Estimation by Request
      2,040 SF

      2010 Milton Blvd

      AUTO REPAIR, GARAGE • 2,040 SF
      2010 Milton Blvd, Newton Falls, OH 44444-8769
      View Details
    • Value Estimation by Request
      7,085 SF

      203 Canal St

      AUTO REPAIR, GARAGE • 7,085 SF
      203 Canal St, Newton Falls, OH 44444-1609
      View Details
    • Value Estimation by Request
      6,226 SF

      4410 Newton Fls Bailey Rd

      AUTO REPAIR, GARAGE • 6,226 SF
      4410 Newton Fls Bailey Rd, Newton Falls, OH 44444-8766
      View Details
    • Value Estimation by Request
      1,740 SF

      Canal

      AUTO REPAIR, GARAGE • 1,740 SF
      Canal, Newton Falls, OH 44444
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Turnkey Motorcycle Store Opportunity

      Turnkey motorcycle store with inventory, tools, and real estate.
      2362 S Canal St, Newton Falls, OH 44444
      View Details
    • Contact for pricing

      Gas Station and Retail Property

      Gas station with store, business and property included.
      1234 Confidential Dr, Newton Falls, OH 44444
      View Details
    • Contact for pricing
      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
      View Details
    • $100,000
      3,572 SF

      Retail Space Available For Sale

      Retail space with 3,572 SqFt available for purchase.
      231 N Center St, Newton Falls, OH 44444
      View Details
    • $299,000
      0.24 Acres

      Historic Newton Falls Train Station

      Charming cafe with expansion potential near historic district.
      75 E Broad St, Newton Falls, OH 44444
      View Details
    • $175,000
      14.23 Acres

      14.23 Acre Lot in Ohio

      Land with trees, easy access to parks and highways.
      10537 Gilbert Rd, Newton Falls, OH 44444
      View Details

    Similar Nearby for Lease

    • 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
      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

      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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    2362 S Canal St
    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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    2362 S Canal St, Newton Falls, OH, 44444
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