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

    6470 Tippecanoe Rd Canfield, OH 44406-7036

    • Medical offices
    • 11,470 SF
    • 1.54 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2024
    $1,500,000
    Value Estimations
    $1,560,000
    Show details
    Cap Rate Potential
    7.8%
    Medical offices
    Location Intelligence
    Property ID
    US66-1467851
    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

    • Youngstown Orthopaedic Associates - Physical Therapy / Orthopedic Surgeon / Doctor
    • Saadey Jon a DDS / Dentist
    • JOSEPH M. STEFKO, M.D. / Surgeon / Sports Medicine Physician
    • MRI At Youngstown Orthopedic / Orthopedic Surgeon
    • Kerrigan James T MD / Orthopedic Surgeon

    Property Details for 6470 Tippecanoe Rd

    Year built
    1974
    Lot size
    1.54 lot acres
    Property size
    11,470 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    26-065-0-007.00-0
    APU
    260650007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,500,000
      ML approach
      $1,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,940,000
      6.5%
      $1,790,000
      7%
      $1,665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,535,000
      Market price range: $610k - $1.57M
      AI Estimate
      $939,000
      Market price range: $440k - $940k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,125,000
      Current use
      RESTAURANT
      $2,040,000
      Change: +82% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,305,000
      Change: +16% Conversion: Easy
      RETAIL STORES
      $1,045,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canfield
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7119
    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
    $34,223
    $119,980
    $495,520
    $615,500
    -
    $342,790
    $1,415,780
    $1,758,570

    Comparable in this City

    • Value Estimation
      $225,000
      0.29 Acres

      Lisbon St

      MEDICAL BUILDING • 0.29 Acres
      Lisbon St, Canfield, OH 44406
      View Details
    • Value Estimation
      $275,000
      2,476 SF

      3700 Stutz Dr Ste, Unit 3

      MEDICAL BUILDING • 2,476 SF
      3700 Stutz Dr Ste, Canfield, OH 44406-8194
      View Details
    • Value Estimation
      $270,000
      3,001 SF

      450 Main St

      MEDICAL BUILDING • 3,001 SF
      450 Main St, Canfield, OH 44406-1581
      View Details
    • Value Estimation
      $270,000
      3,584 SF

      5711 Shields Rd, Unit 1

      MEDICAL BUILDING • 3,584 SF
      5711 Shields Rd, Canfield, OH 44406-9813
      View Details
    • Value Estimation
      $220,000
      0.69 Acres

      6674 Tippecanoe Rd

      MEDICAL BUILDING • 0.69 Acres
      6674 Tippecanoe Rd, Canfield, OH 44406-9149
      View Details
    • Value Estimation
      $270,000
      7,400 SF

      3736 Boardman Canfield Rd

      MEDICAL BUILDING • 7,400 SF
      3736 Boardman Canfield Rd, Canfield, OH 44406-7011
      View Details

    Similar Nearby for Sale

    • $599,000
      3,600 SF

      Well-Maintained Office in Professional Setting

      Two office units totaling 3,600 SF in Canfield Township.
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      View Details
    • $1,750,000
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      Redevelopment Opportunity in Canfield, OH

      Excellent redevelopment opportunity near retail and dining.
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    • $125,000
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      Land in Desirable Canfield Neighborhood

      Land available in Canfield Township's Millennial Moments neighborhood.
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    • $350,000
      10.00 Acres

      Vacant Land in Canfield, OH

      10 acres of vacant land in Canfield Township.
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    • $130,000
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      South Range School District Land

      5.28 acres of land near South Range High School.
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    • $414,315
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      Prime Canfield Agricultural Land

      37+ Acres, Business/Ag Zoning, Ohio
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    Similar Nearby for Lease

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      Canfield Office Space For Rent

      Office space for lease in Canfield, OH, includes utilities.
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      Modern Office Unit in Canfield

      Newly renovated office space with modern amenities in Canfield, Ohio.
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    • Contact for pricing
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      Palmyra

      Retail properties • 11,250 SF
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      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
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    • Contact for pricing
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      Retail Space in Affluent Suburb

      Retail space with high visibility in Canfield, Ohio.
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      View Details
    • Contact for pricing
      94,449 SF

      Colonial Plaza Retail Space in Canfield, OH

      Prime Retail Space - Two Units Available
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      View Details
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    Canfield, OH 44406-7036
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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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