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

    7338 Southern Blvd, Unit 7340 Boardman, OH 44512-5627

    • Auto shops
    • 5,000 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0437035
    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

    • Auto shops

    Property Details for 7338 Southern Blvd

    Year built
    1991
    Lot size
    1.11 lot acres
    Property size
    5,000 SF
    Property type
    Auto shops
    APN
    29-031-0-114.03-0
    APU
    290310114030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $391,000
      Market price range: $115k - $644k
      AI Estimate
      $399,000
      Market price range: $168k - $660k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $425,000
      Current use
      COMMERCIAL (GENERAL)
      $395,000
      Change: -8% Conversion: Moderate
      OFFICE BUILDING
      $360,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Boardman
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6552
    Latitude
    41.0228
    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
    $7,994
    $75,810
    $39,320
    $115,130
    -
    $216,600
    $112,330
    $328,930

    Comparable in this City

    • Value Estimation
      $255,000
      1,400 SF

      4389 Lk Park Rd

      AUTO REPAIR, GARAGE • 1,400 SF
      4389 Lk Park Rd, Youngstown, OH 44512-1808
      View Details
    • Value Estimation
      $250,000
      3,840 SF

      3939 Handels Ct

      AUTO REPAIR, GARAGE • 3,840 SF
      3939 Handels Ct, Youngstown, OH 44512
      View Details
    • Value Estimation
      $2,375,000
      20,454 SF

      448 Boardman Canfield Rd

      AUTO REPAIR, GARAGE • 20,454 SF
      448 Boardman Canfield Rd, Youngstown, OH 44512-4790
      View Details
    • Value Estimation
      $240,000
      1,634 SF

      4003 Market St

      AUTO REPAIR, GARAGE • 1,634 SF
      4003 Market St, Youngstown, OH 44512-1114
      View Details
    • Value Estimation
      $260,000
      1,680 SF

      7730 Southern Blvd

      AUTO REPAIR, GARAGE • 1,680 SF
      7730 Southern Blvd, Youngstown, OH 44512-6017
      View Details
    • Value Estimation
      $360,000
      17,380 SF

      8090 Southern Blvd

      AUTO REPAIR, GARAGE • 17,380 SF
      8090 Southern Blvd, Youngstown, OH 44512-6048
      View Details

    Similar Nearby for Sale

    • $600,000
      0.50 Acres

      Youngstown Retail Plaza - High Traffic!

      Prime Retail Investment Opportunity in Youngstown.
      978 Mathews Rd, Youngstown, OH 44512
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    • $1,000,000
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      Prime Youngstown Retail Opportunity

      Established Business, Turnkey Operation
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      0.50 Acres

      Market Street Retail Opportunity

      Youngstown, OH Mixed-Use Property - 0.5 Acres
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    • $295,000
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      Boardman Retail Property For Sale

      Retail property with recent improvements and high traffic location.
      5904 South Ave, Boardman, OH 44512
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    • $249,000
      4,236 SF

      Established Restaurant Opportunity

      Turnkey restaurant, bar, wine shop, and banquet rooms for sale.
      7235 South Ave, Youngstown, OH 44512
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    • Contact for pricing
      28,370 SF

      Former Theater on South Avenue

      Redevelopment opportunity near Route 224 and major retailers.
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    Similar Nearby for Lease

    • $12 SF/Yr
      20,870 SF

      Boardman Retail Space - Ohio

      High-traffic retail space, multiple suites available.
      8578 Market St, Boardman, OH 44512
      View Details
    • $11 SF/Yr
      1,008 SF

      Retail/Office Space Near US 224

      Retail or office space with ample parking and private restrooms.
      7330-7332 Southern Blvd, Youngstown, OH 44512
      View Details
    • $8 SF/Yr
      1,300 SF

      Retail Space Near Amish Marketplace

      Retail space available near Amish Marketplace and Dollar General.
      5945-6131 South Ave, Youngstown, OH 44512
      View Details
    • Contact for pricing
      1,744 SF

      Retail Space in Boardman, OH

      Retail space for lease in the heart of Boardman, OH.
      5205 Market St, Youngstown, OH 44512
      View Details
    • Contact for pricing
      100,188 SF

      Prime Boardman Retail Opportunity

      High-traffic location, build-to-suit available
      8598 Market St, Youngstown, OH 44512
      View Details
    • $17 SF/Yr
      3,772 SF

      Retail Space in High-Traffic Area

      Retail space in Boardman, close to major retailers.
      7375 South Ave, Youngstown, OH 44512
      View Details
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    Boardman, OH 44512-5627
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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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