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

    6971 Southern Blvd, Unit 6981 Boardman, OH 44512-4652

    • Warehouses
    • 24,000 SF
    • 5.95 lot acres
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2001091
    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

    • Warehouses

    Property Details for 6971 Southern Blvd

    Year built
    1999
    Lot size
    5.95 lot acres
    Property size
    24,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    29-005-0-270.00-0
    APU
    290050270000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,095,000
      Market price range: $396k - $1.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boardman
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6546
    Latitude
    41.0285
    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
    $50,239
    $86,210
    $625,800
    $712,010
    -
    $246,310
    $1,788,010
    $2,034,320

    Comparable in this City

    • Value Estimation
      $240,000
      1,952 SF

      5313 Ss Ave

      MINI-WAREHOUSE, STORAGE • 1,952 SF
      5313 Ss Ave, Youngstown, OH 44512-2451
      View Details
    • Value Estimation
      $270,000
      7,200 SF

      3929 Market St, Unit 933

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      3929 Market St, Youngstown, OH 44512-1112
      View Details
    • Value Estimation
      $255,000
      11,080 SF

      730 Bev Rd

      MINI-WAREHOUSE, STORAGE • 11,080 SF
      730 Bev Rd, Youngstown, OH 44512-6481
      View Details
    • Value Estimation
      $250,000
      5,000 SF

      4580 Lk Park Rd

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      4580 Lk Park Rd, Youngstown, OH 44512-1811
      View Details
    • Value Estimation
      $255,000
      2,368 SF

      8533 Market St

      MINI-WAREHOUSE, STORAGE • 2,368 SF
      8533 Market St, Boardman, OH 44512-6727
      View Details
    • Value Estimation
      $265,000
      6,400 SF

      773 Mcclurg Rd

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      773 Mcclurg Rd, Youngstown, OH 44512-6410
      View Details

    Similar Nearby for Sale

    • $1,250,000
      18,955 SF

      Warehouse with Executive Office

      18,955 SF warehouse with executive office on 1.03 acres.
      557 Mcclurg Rd, Youngstown, OH 44512
      View Details
    • $1,480,000
      28,460 SF

      Industrial Warehouse Opportunity For Sale

      Industrial warehouse suitable for single or multi-tenant use.
      4030 Simon Rd, Youngstown, OH 44512
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    • $625,000
      1.84 Acres

      Industrial Land for Sale in Youngstown, OH

      1.837 Acres, High Traffic Industrial Area
      76 Mcclurg Rd, Youngstown, OH 44512
      View Details
    • $1,000,000
      0.17 Acres

      Prime Youngstown Retail Opportunity

      Established Business, Turnkey Operation
      7438 Southern Blvd, Youngstown, OH 44512
      View Details
    • $749,500
      3.70 Acres

      Downtown Lincoln Office Space

      Prime Office Suites, Flexible Leasing
      8524 Market St, Youngstown, OH 44512
      View Details
    • $600,000
      0.50 Acres

      Youngstown Retail Plaza - High Traffic!

      Prime Retail Investment Opportunity in Youngstown.
      978 Mathews Rd, Youngstown, OH 44512
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,800 SF

      Boardman Industrial Flex Space

      7,800 SF Flex/Warehouse Available
      97 Karago Ave, Boardman, OH 44512
      View Details
    • $6 SF/Yr
      31,000 SF

      31,000 SF Office Warehouse

      Office and warehouse space with drive-in door and ample parking.
      8401 Southern Blvd, Youngstown, OH 44512
      View Details
    • $6 SF/Yr
      52,280 SF

      Boardman Center: Retail & Flex Space

      High-traffic retail & flex space available.
      7334-7394 Market St, Youngstown, OH 44512
      View Details
    • $7 SF/Yr
      11,100 SF

      Warehouse/Flex Space in Boardman, OH

      Warehouse/flex space available just off Market St in Boardman.
      85-97 Karago Ave, Youngstown, OH 44512
      View Details
    • $10 SF/Yr
      19,306 SF

      Boardman Flex Space - Available Now

      Class A Flex Space, 19,306 SF, Boardman, OH
      6224 South Ave, Boardman, OH 44512
      View Details
    • $16 SF/Yr
      8,040 SF

      Prime Youngstown Office Space

      8,040 SF Office Building, 1,790 SF Available
      1305 Boardman-Canfield Rd, Youngstown, OH 44512
      View Details
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    6971 Southern Blvd, Unit 6981
    Boardman, OH 44512-4652
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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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