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

    7095 Lockwood Blvd, Unit 7105 Youngstown, OH 44512-4070

    • Community centers
    • 14,496 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2297704
    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

    • XCEL Jump Stretch / Gym & Fitness Center

    Property Details for 7095 Lockwood Blvd

    Year built
    1981
    Lot size
    1.68 lot acres
    Property size
    14,496 SF
    Property type
    Community centers
    APN
    32-090-0-021.01-0
    APU
    320900021010

    Description

    This exceptional business opportunity presents a well-established dry cleaning establishment located at 7095 Lockwood Boulevard in Boardman, Ohio. The property sits on a sizable 1.68-acre lot, offering ample space for operations and potential expansion. The sale includes the ongoing business, its existing equipment, and the associated goodwill. This is a turnkey operation ideal for an experienced entrepreneur looking to acquire an already profitable venture or for someone seeking to enter the dry cleaning industry. The business is currently operational and generating revenue, providing a solid foundation for future growth. Financial details are available upon request to qualified buyers. This is a rare opportunity to own a well-positioned business in a desirable location. The property's size allows for flexibility and potential future development, depending on the buyer's vision. Serious inquiries only. All interested parties should be prepared to provide proof of financial capability to purchase the business. The sale price is $110,000. Further details regarding the business's financial performance and operational aspects will be disclosed during the due diligence process. This is a unique chance to acquire a profitable and established business in a thriving community. Don't miss this opportunity to own your own dry cleaning business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7098
    Latitude
    41.0257
    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
    $23,774
    $102,330
    $271,230
    $373,560
    -
    $292,380
    $774,940
    $1,067,320

    Comparable in this City

    • Value Estimation
      $505,000
      11,976 SF

      945 Boardman Canfield Rd

      MINI-MALL • 11,976 SF
      945 Boardman Canfield Rd, Youngstown, OH 44512-4239
      View Details
    • Value Estimation
      $845,000
      20,935 SF

      1393 Boardman Canfield Rd

      MINI-MALL • 20,935 SF
      1393 Boardman Canfield Rd, Youngstown, OH 44512-4059
      View Details
    • Value Estimation by Request
      6,502 SF

      7178 Ww Blvd

      MINI-MALL • 6,502 SF
      7178 Ww Blvd, Boardman, OH 44512-4363
      View Details
    • Value Estimation by Request
      9,041 SF

      60 Boardman-Canfield Rd

      Lifestyle centers • 9,041 SF
      60 Boardman-Canfield Rd, Youngstown, OH 44512
      View Details
    • Value Estimation by Request
      7,320 SF

      1235 Boardman Canfield Rd

      MINI-MALL • 7,320 SF
      1235 Boardman Canfield Rd, Boardman, OH 44512-4069
      View Details
    • Value Estimation by Request
      0.74 Acres

      650 Boardman Poland Rd

      MINI-MALL • 0.74 Acres
      650 Boardman Poland Rd, Youngstown, OH 44512-4910
      View Details

    Similar Nearby for Sale

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      Boardman-Canfield Rd Retail Center

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    • $450,000
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      Prime Retail Investment Opportunity in Youngstown.
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    Similar Nearby for Lease

    • $8 SF/Yr
      12,456 SF

      Boardman Retail Center - For Lease

      Prime Retail/Restaurant Space, 12,456 SF Available
      320 Boardman Poland Rd, Youngstown, OH 44512
      View Details
    • $6 SF/Yr
      2,500 SF

      Renovated Retail Plaza For Rent

      Completely renovated retail plaza with ample parking and heavy traffic.
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    • $6 SF/Yr
      52,280 SF

      Boardman Center: Retail & Flex Space

      High-traffic retail & flex space available.
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    • Contact for pricing
      100,188 SF

      Prime Boardman Retail Opportunity

      High-traffic location, build-to-suit available
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    • $17 SF/Yr
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      Retail Space in High-Traffic Area

      Retail space in Boardman, close to major retailers.
      7375 South Ave, Youngstown, OH 44512
      View Details
    • $12 SF/Yr
      1,720 SF

      Retail Space Near Southern Park

      Inline retail space across from Southern Park Mall.
      84 Boardman Poland Rd, Youngstown, OH 44512
      View Details
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    Youngstown, OH 44512-4070
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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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