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    Property profile & analytics

    2821 Garland St Niles, OH 44446

    • Auto shops
    • 13,260 SF
    • 0.64 lot acres
    For Lease
    View listing
    $2,500 /Mo
    Value Estimations
    $450,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1471937
    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

    • Auto shops

    Property Details for 2821 Garland St

    Year built
    1959
    Lot size
    0.64 lot acres
    Property size
    13,260 SF
    Property type
    Auto shops
    APN
    24-065950
    APU
    24065950

    Description

    This exceptional 13,000-square-foot commercial building in Niles, Ohio, presents a unique investment opportunity. Previously utilized as an oil change and service garage, the property boasts a prime location just off SR422, with convenient access to SR11 and SR46. The building is exceptionally well-maintained and features impressive 20+ foot ceilings, multiple oil change bays, two expansive service areas, and twelve overhead doors ranging from 12 to 20 feet in height. Inside, you'll find ample office space, dedicated retail areas, a comfortable waiting area, and restrooms. The strategic location near popular retailers such as Walgreens, Dunkin', McDonald's, and Dollar General ensures high visibility and potential customer traffic. This property's spacious layout and high ceilings provide a highly efficient work environment, perfect for businesses requiring ample space for vehicles and equipment. The single-tenant occupancy offers flexibility and control. Located at 2821 Garland St, Niles, OH 44446, in Trumbull County, this property is ready for its next chapter. This is an unparalleled chance to establish or expand a thriving business in a bustling commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $545,000
      Market price range: $521k - $1.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7178
    Latitude
    41.1836
    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
    $6,639
    $12,710
    $91,670
    $104,380
    -
    $36,300
    $261,900
    $298,200

    Comparable in this City

    • Value Estimation
      $250,000
      4,936 SF

      1667 Main St

      AUTO REPAIR, GARAGE • 4,936 SF
      1667 Main St, Niles, OH 44446-1276
      View Details
    • Value Estimation
      $280,000
      1,102 SF

      806 Olive St

      AUTO REPAIR, GARAGE • 1,102 SF
      806 Olive St, Niles, OH 44446-2950
      View Details
    • Value Estimation
      $275,000
      5,940 SF

      Water

      AUTO REPAIR, GARAGE • 5,940 SF
      Water, Niles, OH 44446
      View Details
    • Value Estimation
      $350,000
      9,000 SF

      800 Smt Ave

      AUTO REPAIR, GARAGE • 9,000 SF
      800 Smt Ave, Niles, OH 44446-3611
      View Details
    • Value Estimation
      $275,000
      9,456 SF

      214 Langley St

      AUTO REPAIR, GARAGE • 9,456 SF
      214 Langley St, Niles, OH 44446-2334
      View Details
    • Value Estimation
      $365,000
      6,693 SF

      Ee

      AUTO REPAIR, GARAGE • 6,693 SF
      Ee, Niles, OH 44446
      View Details

    Similar Nearby for Sale

    • $799,900
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      Established Restaurant for Sale

      Turnkey Restaurant in Niles, OH
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      Niles Retail Space - $40K

      Historic Niles Retail Opportunity, Ample Parking
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    • $499,900
      0.44 Acres

      Turnkey Bar/Restaurant For Sale

      Established bar/restaurant with liquor license, fully equipped, expansion potential.
      500 Vienna Ave, Niles, OH 44446
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    • $1,478,816
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      Pizza Hut Investment Opportunity

      NNN leased Pizza Hut with annual rental increases.
      795 Youngstown Warren Rd, Niles, OH 44446
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    • $144,900
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      Residential Land Development Opportunity

      7-acre residential land parcel with existing utilities in Niles, OH.
      Harrison St, Niles, OH 44446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,084 SF

      Niles, OH Executive Office Space

      Prime Niles location, 4,084 sq ft available.
      5845 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Niles, OH

      Retail space available in a busy shopping center.
      6000-6024 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • $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
      View Details
    • $299,000
      3,024 SF

      Restaurant Opportunity in Niles, OH

      Second-generation restaurant space available for sale in Niles, OH.
      517 N Main St, Niles, OH 44446
      View Details
    • $10 SF/Yr
      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

      Commercial Land with High Visibility

      Land with 70' frontage, high traffic, near schools.
      525 N Main St, Niles, OH 44446
      View Details
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    Niles, OH 44446
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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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