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Property profile & analytics
FOR SALE
Specialty properties
8387 Tod Ave, Boardman, OH 44512
Entity Owned
14-yr Hold
Free & Clear
Property ID
US66-1753093
For Sale
1 / 45
$1,295,000
8387 Tod Ave, Boardman, OH 44512
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Property summary
AI-generated overview
This exceptional 13,992 square foot special purpose property, located at 8387 Tod Ave in Boardman, Ohio, presents a unique investment opportunity. Built in 2000, this two-story building sits on a generous 2.6-acre lot and is zoned I. Previously utilized as both an office and meeting hall, the property offers significant versatility. The interior features a fully finished basement complete with a full kitchen, and all appliances are included in the asking price of $1,450,000. Ample parking is provided with 85 spaces available. An elevator conveniently connects the ground floor to the lower level. The property's strategic location offers easy access to Mercy Health and the YMCA, enhancing its appeal and potential for various uses. This well-maintained building presents a compelling opportunity for a variety of religious or community-based organizations. The property is located in Mahoning County, Ohio, with a zip code of 44512.
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2000
Total area
6,996 SF
Lot
2.65 ac (115,521 SF)
APN
29-035-0-079.00-0
UPID
US66-1753093
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Western Star Lodge 21 Hotel & Motel Bed & Breakfast
-
Lane Anstrom Chapel Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Jalcon Corp · 14 yrs held
Jalcon Corp
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$870,000
+37.2%
Office building
$815,000
+28.9%
Apartment house (5+ units)
$715,000
+13.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boardman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boardman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$635,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$715,000
Change: +13% · Conversion: Difficult
RESTAURANT
$695,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,841
Tax year 2023
Assessed value
$341,550
Assessed 2023
Previous assessed
$343,400
-0.5% YoY
Effective rate
6.98%
On assessed value
Assessed land
$59,410
Assessed improvement
$282,140
Land market value
$169,730
Improvement market value
$806,120
Total market value
$975,850
Applied tax rate
29.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
For Sale
Year built
2000
Heating
NONE
Stories
1
Total area
6,996 SF
Lot
2.65 ac (115,521 SF)
APN
29-035-0-079.00-0
UPID
US66-1753093
Jurisdiction
MAHONING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$870,000
OFFICE BUILDING
Est. value
$815,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$715,000
RESTAURANT
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$610,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Jalcon Corp
Entity
Free & Clear · 14 yrs held
Mailing address
5801 MAHONING AVE, AUSTINTOWN, OH 44515-2222
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
J O Lane Enterprises Ltd
—
Deed
related
$3,545,369 · The Huntington National Bank
Jun 7, 2012
$555,000
Jalcon Corp
Western Star Lodge #21 F & A M
Warranty Deed
—
Jul 15, 2011
$555,000
Jalcon Corp
Western Star Lodge #21 F & A M
Land Contract
$330,000 · Star Western
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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