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

    8401 Southern Blvd Boardman, OH 44512-6709

    • Manufacturing properties
    • 92,875 SF
    • 6.39 lot acres
    OFF-MARKET
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6086749
    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

    • Manufacturing properties

    Property Details for 8401 Southern Blvd

    Year built
    1958
    Lot size
    6.39 lot acres
    Property size
    92,875 SF
    Property type
    Manufacturing properties
    APN
    29-038-0-006.00-0
    APU
    290380006000

    Description

    This exceptional 31,000-square-foot industrial property, situated in Youngstown, Ohio, presents a unique opportunity for businesses seeking a versatile space. Classified as both flex and warehouse space, this single-tenant building offers a blend of office and warehouse areas, perfectly suited for a variety of operational needs. The property boasts a convenient drive-in door for efficient loading and unloading, significantly streamlining logistics. Its strategic location at the corner of McClurg Road and Southern Boulevard ensures high visibility and easy access to major transportation arteries, including South Avenue and Interstate 680. Ample parking is available on-site, accommodating employees and visitors alike. The property also offers excellent signage opportunities, enhancing brand visibility and recognition. Located in Mahoning County, Ohio, with a 44512 zip code, this property is ready for immediate occupancy. The building's layout is designed to maximize efficiency and functionality, making it an ideal choice for companies seeking a well-positioned and versatile industrial space. This single-tenant occupancy ensures a streamlined and efficient operational environment. Don't miss this chance to secure a prime industrial property in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,216,000
      Market price range: $818k - $4.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Boardman
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6519
    Latitude
    40.9944
    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
    $29,221
    $89,420
    $318,120
    $407,540
    -
    $255,480
    $908,900
    $1,164,380

    Comparable in this City

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    • Value Estimation by Request
      0.07 Acres

      4040 Lk Park Rd

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      0.83 Acres

      4040 Lk Park Rd

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      16,951 SF

      6234 Market St

      MANUFACTURING (LIGHT) • 16,951 SF
      6234 Market St, Youngstown, OH 44512-3329
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    • Value Estimation by Request
      10,000 SF

      721 Mcclurg Rd

      MANUFACTURING (LIGHT) • 10,000 SF
      721 Mcclurg Rd, Youngstown, OH 44512-6410
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $6 SF/Yr
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      31,000 SF Office Warehouse

      Office and warehouse space with drive-in door and ample parking.
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      Boardman Center: Retail & Flex Space

      High-traffic retail & flex space available.
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      Boardman Flex Space - Available Now

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    • $7 SF/Yr
      11,100 SF

      Warehouse/Flex Space in Boardman, OH

      Warehouse/flex space available just off Market St in Boardman.
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    • $8 SF/Yr
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      Boardman Industrial Flex Space

      7,800 SF Flex/Warehouse Available
      97 Karago Ave, Boardman, OH 44512
      View Details
    • 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
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    Boardman, OH 44512-6709
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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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