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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Outlet malls
505 Boardman Canfield Rd 529 Boardman, OH 44512-4705
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2596195
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1961
Total area
79,145 SF
Lot
5.46 ac (237,881 SF)
APN
29-102-0-135.00-0
UPID
US66-2596195
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$4.06M
Owner & transaction history
Boardman Plaza Associates LLC · 7 yrs held
Boardman Plaza Associates LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boardman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boardman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,155,000
6.5%
$3,835,000
7%
$3,560,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,740,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,220,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$80,993
Tax year 2023
Assessed value
$1,177,010
Assessed 2023
Previous assessed
$1,034,670
+13.8% YoY
Effective rate
6.88%
On assessed value
Assessed land
$294,060
Assessed improvement
$882,950
Land market value
$840,160
Improvement market value
$2,522,720
Total market value
$3,362,880
Applied tax rate
29.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Total area
79,145 SF
Lot
5.46 ac (237,881 SF)
APN
29-102-0-135.00-0
UPID
US66-2596195
Jurisdiction
MAHONING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Boardman Plaza Associates LLC
Entity
Mailing address
678 REISTERSTOWN RD, PIKESVILLE, MD 21208-5112
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
$18,800,000
Boardman Plaza Associates LLC
Wp Cp Bd Associates L P
Limited Warranty Deed
$17,792,000 · First Financial Bank
Nov 18, 2013
$15,000,000
Wp/cp Bd Associates LP
Wp Boardman Associates LP
Limited Warranty Deed
$12,500,000 · The Union Labor Life Insurance Comp
Jul 7, 2008
$7,325
State Of Ohio Department Of Transpo
Wp Boardman Associates L P
Limited Warranty Deed
—
Oct 9, 2007
$30,800,000
Wp Boardman Associates LP
Boardman Plaza LLC
Limited Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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