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    Property profile & analytics

    7055 Herbert Rd Canfield, OH 44406-8660

    • Manufacturing properties
    • 143,224 SF
    • 18.39 lot acres
    OFF-MARKET
    Value Estimations
    $7,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2359794
    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

    • Star Extruded Shapes, Inc. / Building Supply / Mill

    Property Details for 7055 Herbert Rd

    Year built
    1975
    Lot size
    18.39 lot acres
    Property size
    143,224 SF
    Property type
    Manufacturing properties
    APN
    28-017-0-002.00-0
    APU
    280170002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,810,000
      6.5%
      $9,055,000
      7%
      $8,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,820,000
      Market price range: $1.26M - $6.82M
      AI Estimate
      $7,938,000
      Market price range: $2.68M - $7.94M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,040,000
      AUTO REPAIR, GARAGE
      $11,190,000
      OFFICE BUILDING
      $10,590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canfield
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7835
    Latitude
    41.0413
    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
    $188,012
    $128,700
    $3,080,050
    $3,208,750
    -
    $367,720
    $8,800,150
    $9,167,870

    Comparable in this City

    • Value Estimation
      $880,000
      33,066 SF

      450 Main St

      MANUFACTURING (LIGHT) • 33,066 SF
      450 Main St, Canfield, OH 44406-1434
      View Details
    • Value Estimation
      $1,485,000
      26,760 SF

      7060 Crory Rd

      MANUFACTURING (LIGHT) • 26,760 SF
      7060 Crory Rd, Canfield, OH 44406-9719
      View Details
    • Value Estimation
      $625,000
      15,360 SF

      6345 Elk Rd

      MANUFACTURING (LIGHT) • 15,360 SF
      6345 Elk Rd, Canfield, OH 44406-9702
      View Details
    • Value Estimation by Request
      0.76 Acres

      430 Main St

      MANUFACTURING (LIGHT) • 0.76 Acres
      430 Main St, Canfield, OH 44406-1434
      View Details
    • Value Estimation
      $560,000
      12,578 SF

      495 Main St

      MANUFACTURING (LIGHT) • 12,578 SF
      495 Main St, Canfield, OH 44406-1425
      View Details
    • Value Estimation
      $2,405,000
      57,682 SF

      7075 State Rte 446

      MANUFACTURING (LIGHT) • 57,682 SF
      7075 State Rte 446, Canfield, OH 44406-9432
      View Details

    Similar Nearby for Sale

    • $130,000
      5.28 Acres

      South Range School District Land

      5.28 acres of land near South Range High School.
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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
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      Vacant Land in Canfield, OH

      10 acres of vacant land in Canfield Township.
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      Prime Development Land in Canfield

      0.617 acre development opportunity near Route 11 interchange.
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    • $86,000
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      Residential Land in Canfield, OH

      Residential land available in a planned unit development in Canfield.
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    • $3,500,000
      28.40 Acres

      Boardman Canfield Rd Commercial Land

      28.4 Acres, Prime Development Opportunity
      0 Boardman-Canfield Rd, Boardman, OH 44406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,731 SF

      Canfield Warehouse with Office/Showroom

      Warehouse with office/showroom space and ample parking in Canfield.
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    • $600 /Mo
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      Historic Canfield Retail Space Available

      Basement retail unit in historic building with ample parking.
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      94,449 SF

      Colonial Plaza Retail Space in Canfield, OH

      Prime Retail Space - Two Units Available
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    • Contact for pricing
      11,250 SF

      Palmyra

      Retail properties & Spaces • 11,250 SF
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      View Details
    • Contact for pricing
      1,118 SF

      Canfield Office Space For Rent

      Office space for lease in Canfield, OH, includes utilities.
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      View Details
    • Contact for pricing
      3,700 SF

      Former Bank with Drive-Thru

      Former bank branch with drive-thru in business district.
      3667 Starrs Centre Dr, Canfield, OH 44406
      View Details
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    7055 Herbert Rd
    Canfield, OH 44406-8660
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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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