Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Colonial, OH

    • Warehouses
    • 9,600 SF
    • 2.17 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4174795
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Year built
    1975
    Lot size
    2.17 lot acres
    Property size
    9,600 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-006002
    APU
    12006002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $475,000
      Current use
      MEDICAL BUILDING
      $1,085,000
      Change: +130% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,060,000
      Change: +124% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,000,000
      Change: +111% Conversion: Easy
      COMMERCIAL (GENERAL)
      $760,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $660,000
      Change: +39% Conversion: Difficult
      RETAIL STORES
      $645,000
      Change: +37% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Colonial
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.6591
    Latitude
    41.1364
    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
    $1,517
    $2,770
    $18,450
    $21,220
    -
    $7,900
    $52,700
    $60,600

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Elm, OH

      MINI-WAREHOUSE, STORAGE • 0.15 Acres
      Elm, OH
      View Details
    • Value Estimation by Request
      0.18 Acres

      Niles, OH

      MINI-WAREHOUSE, STORAGE • 0.18 Acres
      Niles, OH
      View Details
    • Value Estimation by Request

      Niles, OH

      MINI-WAREHOUSE, STORAGE
      Niles, OH
      View Details
    • Value Estimation by Request
      1.19 Acres

      R

      MINI-WAREHOUSE, STORAGE • 1.19 Acres
      R, 368, OH
      View Details
    • Value Estimation by Request
      0.11 Acres

      E

      MINI-WAREHOUSE, STORAGE • 0.11 Acres
      E, Rayen Ave, OH
      View Details
    • Value Estimation by Request
      0.13 Acres

      E

      MINI-WAREHOUSE, STORAGE • 0.13 Acres
      E, Myrtle Ave, OH
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,445 SF

      Industrial Facility with Renovated Offices

      46,445 SF industrial facility with renovated office space for sale.
      8100 Grand St, Cleveland, OH
      View Details
    • Contact for pricing
      538,525 SF

      Spacious Warehouse with Ample Parking

      538,525 SF warehouse featuring docks, drive-ins, and parking.
      414 Encore Dr, Lebanon, OH
      View Details
    • Contact for pricing
      29,470 SF

      West Chester Freestanding Industrial Building

      Freestanding industrial building in West Chester Township available 1/1/2026.
      9706 Inter Ocean Dr, West Chester, OH
      View Details
    • Contact for pricing
      23,640 SF

      Industrial Building with Crane Bays

      Industrial building featuring crane bays and convenient highway access.
      5317 St Clair Ave, Cleveland, OH
      View Details
    • Contact for pricing
      75,270 SF

      Monroe Warehouse with Expansion Potential

      75,270 SqFt warehouse in Monroe, OH, with expansion options.
      150 Lawton Ave, Monroe, OH
      View Details
    • $3,253,460
      46,478 SF

      Strongsville Manufacturing Facility on Drake

      46,478 SF manufacturing facility with ample space.
      21845 Drake Rd, Strongsville, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,280 SF

      Richmond Heights Warehouse Space Available

      8,280 SF warehouse space for lease in Richmond Heights.
      26361 Curtis Wright Pkwy, Richmond Heights, OH
      View Details
    • Contact for pricing
      170,000 SF

      Warehouse Space Near Interstate Access

      Multi-tenant warehouse building offering 34,000 to 170,000 square feet.
      4640 Interstate Dr, West Chester, OH
      View Details
    • Contact for pricing
      7,770 SF

      Industrial Space Near Major Highways

      Functional warehouse space with convenient highway access in Warrensville Heights.
      4335 Cranwood Pkwy, Warrensville Heights, OH
      View Details
    • $6 SF/Yr
      50,000 SF

      New Industrial Spec Building

      50,000 SF industrial building in Galion, Ohio available for lease.
      1376 Sr 598, Galion, OH
      View Details
    • Contact for pricing
      166,057 SF

      Warehouse Space with Highway Visibility

      166,057 SF warehouse with superior highway access and visibility.
      23371 Aurora Rd, Bedford Heights, OH
      View Details
    • Contact for pricing
      55,000 SF

      Middletown Warehouse and Distribution Space

      55,000 SqFt warehouse space available for lease in Middletown.
      1800 Clayton Ave, Middletown, OH
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Colonial, OH
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!