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

    525 Main St Canfield, OH 44406

    • Grocery and convenience stores
    • 56,432 SF
    • 8.42 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0072820
    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

    • Animal Charity Humane Society / Animal Shelter
    • Giant Eagle Deli / Deli
    • Giant Eagle Pharmacy / Pharmacy
    • Canfield Boarding Kennel / Kennel
    • Giant Eagle Supermarket / Grocery Store / Supermarket

    Property Details for 525 Main St

    Year built
    1999
    Lot size
    8.42 lot acres
    Property size
    56,432 SF
    Property type
    Grocery and convenience stores
    APN
    28-028-0-081.00-0
    APU
    280280081000

    Description

    Colonial Plaza, located at 525 E Main St, Canfield, OH 44406, presents a fantastic opportunity for retail businesses seeking established presence in Mahoning County. This multi-tenant retail property boasts a total of 94,449 square feet, offering a vibrant and bustling commercial environment. Currently, two retail spaces are available, each ranging in size from approximately 1,436 to 1,500 square feet, providing flexibility for various business needs. The property's prime location on East Main Street ensures high visibility and accessibility for customers. With a total of 3,437 square feet currently vacant, this presents a unique chance to establish or expand your business within a thriving commercial center. The property's classification as both commercial and retail makes it ideal for a wide range of businesses, including salons. The building's substantial size and multiple tenancy indicate a strong and established commercial presence in the area. This is an exceptional opportunity to secure retail space in a desirable location with excellent visibility and access. The property is situated in Canfield, Ohio, within Mahoning County, offering a convenient and attractive location for businesses and customers alike. Interested parties are encouraged to inquire further to explore the possibilities of establishing their business within this thriving commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,965,000
      6.5%
      $2,735,000
      7%
      $2,540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,305,000
      Market price range: $1.95M - $5.71M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,410,000
      OFFICE BUILDING
      $4,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canfield
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7474
    Latitude
    41.0236
    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
    $106,365
    $320,850
    $1,494,430
    $1,815,280
    -
    $916,720
    $4,269,800
    $5,186,520

    Comparable in this City

    • Value Estimation
      $980,000
      6,342 SF

      4590 Boardman Canfield Rd

      CONVENIENCE STORE • 6,342 SF
      4590 Boardman Canfield Rd, Canfield, OH 44406-8037
      View Details
    • Value Estimation by Request
      2,076 SF

      3107 Canfield Niles Rd

      CONVENIENCE STORE • 2,076 SF
      3107 Canfield Niles Rd, Canfield, OH 44406-9699
      View Details
    • Value Estimation by Request
      1,536 SF

      407 Main St

      CONVENIENCE STORE • 1,536 SF
      407 Main St, Canfield, OH 44406-1425
      View Details
    • Value Estimation by Request
      648 SF

      599 Main St

      CONVENIENCE STORE • 648 SF
      599 Main St, Canfield, OH 44406-9563
      View Details
    • Value Estimation
      $885,000
      5,751 SF

      4585 Boardman Canfield Rd

      CONVENIENCE STORE • 5,751 SF
      4585 Boardman Canfield Rd, Canfield, OH 44406-8130
      View Details
    • Value Estimation
      $590,000
      25,042 SF

      8 Broad St

      GROCERY, SUPERMARKET • 25,042 SF
      8 Broad St, Canfield, OH 44406-1127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.70 Acres

      Canfield Commercial Land - Prime Redevelopment

      13+ Acres, US 224 Frontage, High Visibility
      611 Main St, Canfield, OH 44406
      View Details
    • $1,300,000
      8,116 SF

      Turnkey Restaurant with Real Estate

      Family-owned restaurant with real estate, assets, and liquor license.
      3636 Canfield Rd, Canfield, OH 44406
      View Details
    • $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
    • $85,000
      0.27 Acres

      Land in Desirable Canfield Neighborhood

      Land available in Canfield Township's Millennial Moments neighborhood.
      6080 Century Blvd, Canfield, OH 44406
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      1,500 SF

      Retail Space in Affluent Suburb

      Retail space with high visibility in Canfield, Ohio.
      401 E Main St, Canfield, OH 44406
      View Details
    • $35 SF/Yr
      3,869 SF

      Retail Space on US 224

      Retail space available in a premium location near SR 11.
      4530-4538 Boardman Canfield Rd, Canfield, OH 44406
      View Details
    • $29 SF/Yr
      3,000 SF

      Retail Space in Canfield Plaza

      Retail spaces available in upcoming Canfield plaza redevelopment.
      8-18 N Broad St, Canfield, OH 44406
      View Details
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    525 Main St
    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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