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    Property profile & analytics

    8156 Southern Blvd Youngstown, OH 44512

    • Apartment buildings
    • 5,184 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2581280
    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

    • Apartment buildings

    Property Details for 8156 Southern Blvd

    Year built
    1971
    Lot size
    0.32 lot acres
    Property size
    5,184 SF
    Property type
    Apartment buildings

    Description

    This exceptional six-unit apartment building presents a compelling investment opportunity in Youngstown, Ohio. Situated on a tranquil 0.32-acre wooded lot in Boardman, this property offers six spacious two-bedroom, one-bathroom units, each featuring generously sized 16' x 20' bedrooms. Currently generating a gross monthly rent exceeding $5,394, all units are occupied, providing immediate cash flow. Recent renovations have significantly enhanced the property's appeal and value. Units 1, 2, 4, and 6 have undergone extensive upgrades, including new carpeting, fresh paint, and updated kitchens. Unit 1 boasts brand new appliances, plumbing, and countertops. Units 3 and 5, occupied by long-term tenants, have also received recent improvements. Unit 6 features newly refurbished cabinets and updated plumbing. The building's infrastructure has been meticulously maintained, with recent upgrades including a new commercial hot water tank, a serviced boiler, updated windows, and a new roof installed in 2022. Further improvements include a new commercial coin-operated dryer, updated sump pumps, and an enhanced security system featuring a water alarm. Tenants enjoy convenient on-site amenities such as ample parking and a coin-operated washer/dryer. The central hallway and stairwell have also been recently refurbished. This well-maintained, income-producing property offers a rare opportunity for investors seeking strong returns in a desirable location. The 5,184 square foot building at 8156 Southern Boulevard is ready for immediate ownership.

    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
    -80.65371
    Latitude
    41.0012

    Comparable in this City

    • $116,000
      1,400 SF

      Spacious Condo with Two-Car Garage

      1400 sq ft condo featuring central air and private balcony.
      930 Pearson Cir, Youngstown, OH 44512
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    • New
      $164,000
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      Updated Duplex in Youngstown, OH

      Fully updated duplex with new kitchens, baths, roof, and systems.
      20 Erskine Ave, Youngstown, OH 44512
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    • $295,000
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      Turnkey Boardman 4-Plex Investment

      Professionally managed 4-plex with new roof and excellent income potential.
      4508 Southern Blvd, Boardman, OH 44512
      View Details
    • $155,000
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      Boardman Duplex: Investment Opportunity

      Boardman duplex with renovation potential in a high-demand rental area.
      33 Crestline Pl, Boardman, OH 44512
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    • New
      $382,500
      4,160 SF

      Renovated Triplex with Basement Studio

      Fully renovated triplex with finished basement studio, convertible to single-family.
      28 Jennette Dr, Boardman, OH 44512
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    • Contact for pricing
      0.50 Acres

      Market Street Retail Opportunity

      Youngstown, OH Mixed-Use Property - 0.5 Acres
      8420 Market St, Youngstown, OH 44512
      View Details

    Similar Nearby for Sale

    • $116,000
      1,400 SF

      Spacious Condo with Two-Car Garage

      1400 sq ft condo featuring central air and private balcony.
      930 Pearson Cir, Youngstown, OH 44512
      View Details
    • New
      $164,000
      0.15 Acres

      Updated Duplex in Youngstown, OH

      Fully updated duplex with new kitchens, baths, roof, and systems.
      20 Erskine Ave, Youngstown, OH 44512
      View Details
    • $155,000
      2,149 SF

      Boardman Duplex: Investment Opportunity

      Boardman duplex with renovation potential in a high-demand rental area.
      33 Crestline Pl, Boardman, OH 44512
      View Details
    • New
      $382,500
      4,160 SF

      Renovated Triplex with Basement Studio

      Fully renovated triplex with finished basement studio, convertible to single-family.
      28 Jennette Dr, Boardman, OH 44512
      View Details
    • $295,000
      Pending

      Turnkey Boardman 4-Plex Investment

      Professionally managed 4-plex with new roof and excellent income potential.
      4508 Southern Blvd, Boardman, OH 44512
      View Details
    • Contact for pricing
      0.50 Acres

      Market Street Retail Opportunity

      Youngstown, OH Mixed-Use Property - 0.5 Acres
      8420 Market St, Youngstown, OH 44512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,188 SF

      Prime Boardman Retail Opportunity

      High-traffic location, build-to-suit available
      8598 Market St, Youngstown, OH 44512
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    • Contact for pricing
      1,790 SF

      Prime Youngstown Office Suites

      Two Suites Available, 840-950 sq ft
      1305 Boardman-Canfield Rd, 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
    • $625 /Mo
      1,000 SF

      Office Space on US 224

      Multi-tenant office building with move-in ready suites and ample parking.
      860 Boardman Canfield Rd, Youngstown, OH 44512
      View Details
    • $16 SF/Yr
      3,100 SF

      Well-Maintained Medical/Office Building For Rent

      Two well-maintained brick buildings, medical and office, built in 2006.
      8170 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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    8156 Southern Blvd
    Youngstown, OH 44512
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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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