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

    400 E Main St, Unit L1 Canfield, OH 44406

    • Office buildings
    • 3,840 SF
    • 0.51 lot acres
    For Lease
    View listing
    $500 /Mo
    Last Sale
    Jan 13, 2022
    $500,000
    Value Estimations
    $525,000
    Cap Rate Potential
    7.9%
    Office buildings
    Location Intelligence
    Property ID
    US66-0024829
    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

    • Kasmer Insurance / Insurance Agency / Auto Insurance Agency
    • JR Grinder / Takeout Restaurant / Sandwich Shop
    • Nothin Dumb Studios / Video Production Service
    • All Ohio Title & Escrow LLC / Title Company / Escrow Service
    • Tru Clean Janitorial / Cleaning Service

    Property Details for 400 E Main St

    Year built
    1979
    Lot size
    0.51 lot acres
    Property size
    3,840 SF
    Property type
    Office buildings
    APN
    28-003-0-064.00-0
    APU
    280030064000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $480,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $560,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $435,000
      MEDICAL BUILDING
      $375,000
      RETAIL STORES
      $350,000
      AUTO REPAIR, GARAGE
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canfield
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7494
    Latitude
    41.0251
    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
    $6,552
    $27,320
    $84,460
    $111,780
    -
    $78,060
    $241,300
    $319,360

    Comparable in this City

    • Value Estimation
      $245,000
      0.03 Acres

      20 Broad St

      OFFICE BUILDING • 0.03 Acres
      20 Broad St, Canfield, OH 44406-1401
      View Details
    • Value Estimation
      $230,000
      0.30 Acres

      Lisbon St

      OFFICE BUILDING • 0.30 Acres
      Lisbon St, Canfield, OH 44406
      View Details
    • Value Estimation
      $360,000
      7,096 SF

      6715 Tippecanoe Rd, Unit A

      OFFICE BUILDING • 7,096 SF
      6715 Tippecanoe Rd, Canfield, OH 44406-8180
      View Details
    • Value Estimation
      $510,000
      9,828 SF

      6715 Tippecanoe Rd, Unit F

      OFFICE BUILDING • 9,828 SF
      6715 Tippecanoe Rd, Canfield, OH 44406-8180
      View Details
    • Value Estimation
      $320,000
      2,967 SF

      3495 Canfield Niles Rd

      OFFICE BUILDING • 2,967 SF
      3495 Canfield Niles Rd, Canfield, OH 44406-8600
      View Details
    • Value Estimation
      $400,000
      17,744 SF

      104 Lisbon St

      OFFICE BUILDING • 17,744 SF
      104 Lisbon St, Canfield, OH 44406-1416
      View Details

    Similar Nearby for Sale

    • $1,750,000
      9,140 SF

      Redevelopment Opportunity in Canfield, OH

      Excellent redevelopment opportunity near retail and dining.
      4010 Boardman Canfield Rd, Canfield, OH 44406
      View Details
    • $599,000
      3,600 SF

      Well-Maintained Office in Professional Setting

      Two office units totaling 3,600 SF in Canfield Township.
      5721 Shields Rd, Canfield, OH 44406
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    • $125,000
      0.38 Acres

      Land in Desirable Canfield Neighborhood

      Land available in Canfield Township's Millennial Moments neighborhood.
      6135 Lot #65 Century Blvd, Canfield, OH 44406
      View Details
    • $350,000
      10.00 Acres

      Vacant Land in Canfield, OH

      10 acres of vacant land in Canfield Township.
      Shields Rd, Canfield, OH 44406
      View Details
    • $130,000
      5.28 Acres

      South Range School District Land

      5.28 acres of land near South Range High School.
      W Middletown Rd, Canfield, OH 44406
      View Details
    • $3,500,000
      28.40 Acres

      Boardman Canfield Rd Commercial Land

      28.4 Acres, Prime Development Opportunity
      0 Boardman-Canfield Rd, Boardman, OH 44406
      View Details

    Similar Nearby for Lease

    • $596 /Mo
      362 SF

      Canfield Office Space For Rent

      Office space for lease in Canfield, OH, includes utilities.
      565 E Main St, Canfield, OH 44406
      View Details
    • $500 /Mo
      22,303 SF

      Modern Office Unit in Canfield

      Newly renovated office space with modern amenities in Canfield, Ohio.
      400 E Main St, Canfield, OH 44406
      View Details
    • Contact for pricing
      11,250 SF

      Palmyra

      Retail properties • 11,250 SF
      0 Palmyra Rd, Canfield, OH 44406
      View Details
    • Contact for pricing
      94,449 SF

      Colonial Plaza Retail Space in Canfield, OH

      Prime Retail Space - Two Units Available
      525 Main St, Canfield, OH 44406
      View Details
    • $600 /Mo
      436 SF

      Historic Canfield Retail Space Available

      Basement retail unit in historic building with ample parking.
      132 S Broad St, Canfield, OH 44406
      View Details
    • $7,083 /Mo
      4,340 SF

      Former Bank with Drive-Thru

      Former bank branch with drive-thru in business district.
      3667 Starrs Centre Dr, Canfield, OH 44406
      View Details
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    Canfield, OH 44406
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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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