601 Main St Canfield, OH 44406-9028
Property Lookup
Property profile & analytics
601 Main St Canfield, OH 44406-9028
- Drug stores
- 10,113 SF
- 1.42 lot acres
Property ID
US66-2193629
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.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- CVS / Pharmacy
- UPS Access Point location / Courier Service / Postal Service
- CVS Pharmacy / Pharmacy
- Rachel Pusateri / Physician
Property Details for 601 Main St
- Year built
- 1999
- Lot size
- 1.42 lot acres
- Property size
- 10,113 SF
- Property type
- Drug stores
- APN
- 28-028-0-004.00-0
- APU
- 280280004000
Description
This 10,113 sq ft CVS Pharmacy, located at 601 East Main Street, Canfield, OH 44406, presents a compelling investment opportunity. Situated on a 1.42-acre lot at a signalized intersection with high traffic volume (20,000 VPD on E Main St and 8,000 VPD on Fairground Blvd), this property benefits from exceptional visibility and accessibility within the Youngstown/Warren/Boardman MSA. Built in 1999 and extensively renovated in 2018, the building is in excellent condition. The property enjoys a strong location near major suburban neighborhoods and key employers, supported by robust local demographics: over $56 million in annual consumer spending on education and daycare within a 5-mile radius, and average household income exceeding $113,000 within a 3-mile radius. The property's tenant, CVS Health, is a Fortune 500 company with an S&P rating of BBB, providing a corporate guarantee for the absolute NNN lease. This lease, with a remaining term of 13.5 years and 5 x 5-year options with 2.5% rent bumps, offers long-term stability and predictable cash flow. The asking price is $5,263,158, representing a 4.75% cap rate and a price per square foot of $520.43. The property's NOI is $250,000. Nearby established retailers include Target, Kohl's, T.J. Maxx, and many others, further enhancing the property's value and appeal. This is a rare opportunity to acquire a high-performing, investment-grade retail property with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $530,000
- 6.5%
- $490,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $882,000
Market price range: $350k - $1.02M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $920,000 Current use
- COMMERCIAL (GENERAL)
- $1,150,000 Change: +25% Conversion: Easy
- MEDICAL BUILDING
- $990,000 Change: +8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $790,000 Change: -14% Conversion: Difficult
- OFFICE BUILDING
- $750,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Canfield
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.7415
- Latitude
- 41.0242
- 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
$28,410
$153,350
$331,480
$484,830
-
$438,140
$947,090
$1,385,230
