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    5425 Clarkins Dr Austintown, OH 44515-1120
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    Property profile & analytics

    5425 Clarkins Dr, Austintown, OH 44515-1120

    View on Map
    • Motels
    • 23,040 SF
    • 3.21 lot acres
    Off-Market
    Last Sale Dec 12, 2023
    $2,700,000
    Property ID
    US66-6302971
    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.
    Value Estimations
    $2,330,000
    Show details
    Cap Rate Potential
    3.9%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 5425 Clarkins Dr

    Year built
    1974
    Lot size
    3.21 lot acres
    Property type
    Motels
    APN
    48-042-0-062.00-0
    APU
    480420062000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2023 $2,700,000 Eva Hospitality LLC Superior Hospitality LLC Special Warranty Deed —
    Dec 27, 2019 $2,750,000 Superior Hospitality LLC All Star Mgmt INC Limited Warranty Deed $2.3M · Seacoast Commerce Bank
    Apr 28, 2006 $3,550,000 All Star Mgmt INC Budget Luxury Inn Of Youngstown Ltd Warranty Deed $1.8M · Community South Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,120,000
      ML approach
      $2,285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,846,000
      Market price range: $439k - $1.85M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,625,000
      RESTAURANT
      $2,205,000
      MEDICAL BUILDING
      $2,130,000
      AUTO REPAIR, GARAGE
      $2,060,000
      OFFICE BUILDING
      $1,785,000
      RETAIL STORES
      $1,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Austintown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7657
    Latitude
    41.125
    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
    $68,215
    $176,070
    $851,240
    $1,027,310
    -
    $503,060
    $2,432,120
    $2,935,180

    Comparable in this City

    • Value Estimation
      $3,265,000
      48,638 SF

      5575 Cerni Pl

      MOTEL
      5575 Cerni Pl, Youngstown, OH 44515-1159
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    • Value Estimation by Request
      2,436 SF

      4493 Mahoning Ave

      MOTEL
      4493 Mahoning Ave, Youngstown, OH 44515-1602
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    • Value Estimation
      $2,580,000
      42,488 SF

      801 Canfield Niles Rd

      MOTEL
      801 Canfield Niles Rd, Youngstown, OH 44515-1106
      View Details
    • Value Estimation by Request
      0.29 Acres

      4493 Mahoning Ave

      MOTEL
      4493 Mahoning Ave, Youngstown, OH 44515-1602
      View Details
    • Value Estimation
      $1,475,000
      28,552 SF

      870 Canfield Niles Rd

      MOTEL
      870 Canfield Niles Rd, Austintown, OH 44515-1105
      View Details
    • Value Estimation
      $2,380,000
      44,372 SF

      5570 Patriot Blvd

      MOTEL
      5570 Patriot Blvd, Austintown, OH 44515-1166
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot Redevelopment Opportunity

      Prime 1+ acre corner lot for redevelopment.
      5620 Mahoning Ave, Youngstown, OH 44515
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      Industrial Land Near Hollywood Casino

      1.35 acres of industrial land for sale near I-80.
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      Corner Lot on Mahoning Avenue

      0.8 acre corner lot ideal for fast food.
      5502 Mahoning Ave, Austintown, OH 44515
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      Mahoning Avenue Commercial Land Available

      Commercial land for sale on Mahoning Avenue near Tractor Supply.
      6155-6175 Mahoning Ave, Youngstown, OH 44515
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    • $48,500
      1.61 Acres

      Vacant Land in Austintown Township

      Seven available lots on Norquest Boulevard, Austintown, Ohio.
      Norquest Blvd, Austintown, OH 44515
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    • Contact for pricing
      8,320 SF

      Former Family Dollar Retail Building

      Retail building, built in 2015, near Raccoon Rd and SR 11.
      4450 Mahoning Ave, Youngstown, OH 44515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Mahoning Avenue Retail Space Available

      Retail suites available for lease on Mahoning Avenue.
      4755-4771 Mahoning Ave, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenants

      Retail space with high visibility and traffic.
      5513 Mahoning Ave, Austintown, OH 44515
      View Details
    • Contact for pricing

      Mahoning Avenue Commercial Land Available

      0.50 acre commercial land for rent with B2 zoning.
      5407 Mahoning Ave, Youngstown, OH 44515
      View Details
    • Contact for pricing
      2,756 SF

      Bank Building with Drive-Thru Lanes

      Bank building with four drive-thru lanes, high-traffic location.
      101 S Canfield-Niles Rd, Austintown, OH 44515
      View Details
    • Contact for pricing
      1,350 SF

      Office and Medical Suites Available

      General and medical suites for rent with front door parking.
      25 N Canfield Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing
      9,279 SF

      Retail/Flex Space Near Casino

      Retail/flex space with drive-in door near Hollywood Casino.
      5511 Silica Rd, Youngstown, OH 44515
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      2.1k
    • Avg Time on site
      413 min
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    Austintown, OH 44515-1120
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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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