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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    265 State St Leetonia, OH 44431-1173

    • Manufacturing properties
    • 47,726 SF
    • 7.59 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2011967
    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.

    Current Use by Public Records

    • Hart Products Inc / Factory / Production Facility
    • Modern Store Fixtures / Factory / Production Facility

    Property Details for 265 State St

    Year built
    1945
    Lot size
    7.59 lot acres
    Property size
    47,726 SF
    Property type
    Manufacturing properties
    APN
    58-00786-000
    APU
    5800786000

    Description

    This exceptional single-tenant industrial warehouse, located in Leetonia, Ohio, offers 46,126 square feet of versatile space. The property boasts a strategic location near downtown Leetonia, providing convenient access to local amenities and transportation routes. The warehouse features two dock-high doors and two drive-in doors, ensuring efficient loading and unloading operations. Power is ample, with a robust 3-phase, 800-amp electrical service. Beyond the building itself, this property includes a substantial 7.6-acre yard, offering ample space for storage, maneuvering, and expansion opportunities. The property is classified as industrial, with a warehouse subtype, and is situated in Columbiana County. This single-tenant occupancy presents a unique opportunity for businesses seeking a well-equipped and spacious facility in a convenient location. The substantial yard space and high-power electrical service make this property ideal for a variety of industrial uses. This is a rare opportunity to acquire a significant industrial property in a desirable location. The combination of size, features, and yard space makes this an attractive investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $649,000
      Market price range: $649k - $1.94M
      AI Estimate
      $944,000
      Market price range: $944k - $2.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Leetonia
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.7587
    Latitude
    40.875
    CBSA code
    41400
    CBSA name
    SALEM, OH MICROPOLITAN 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
    $4,731
    $37,000
    $70,600
    $107,600
    -
    $105,700
    $201,700
    $307,400

    Comparable in this City

    • Value Estimation
      $2,280,000
      58,680 SF

      123 Industry St

      MANUFACTURING (LIGHT) • 58,680 SF
      123 Industry St, Leetonia, OH 44431-8707
      View Details
    • Value Estimation by Request
      2.85 Acres

      Commerce Ave

      MANUFACTURING (LIGHT) • 2.85 Acres
      Commerce Ave, Leetonia, OH 44431
      View Details
    • Value Estimation
      $8,075,000
      226,470 SF

      1 Commerce Ave

      MANUFACTURING (LIGHT) • 226,470 SF
      1 Commerce Ave, Leetonia, OH 44431-8720
      View Details
    • Value Estimation by Request
      24,480 SF

      Frnt St

      MANUFACTURING (LIGHT) • 24,480 SF
      Frnt St, Leetonia, OH 44431
      View Details
    • Value Estimation
      $840,000
      19,489 SF

      120 Industry St

      MANUFACTURING (LIGHT) • 19,489 SF
      120 Industry St, Leetonia, OH 44431-8707
      View Details
    • Value Estimation
      $655,000
      41,306 SF

      280 Walnut St

      MANUFACTURING (LIGHT) • 41,306 SF
      280 Walnut St, Leetonia, OH 44431-1048
      View Details

    Similar Nearby for Sale

    • $675,000
      25,440 SF

      Industrial Land and Warehouse Space

      3.11 AC land with 25,440 SF available space.
      142 Front St, Leetonia, OH 44431
      View Details
    • Contact for pricing

      Turnkey Banquet Hall & Restaurant

      Fully equipped 100-seat banquet hall and restaurant ready to open.
      25 Madison St, Leetonia, OH 44431
      View Details
    • $175,000
      0.38 Acres

      Leetonia Restaurant: Turnkey Opportunity

      Fully equipped, 2700 sq ft restaurant. Prime location.
      25 Madison St, Leetonia, OH 44431
      View Details
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    265 State St
    Leetonia, OH 44431-1173
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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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