Retail Storefront with
For Sale
$150,000
1535 Logan Avenue, Youngstown, OH 44505
CommercialSale, Youngstown, OH
Property Size3,000 SF
Lot Size0.43 Acres
Price / SF$50
Days on Market127
Property Features for 1535 Logan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
30
Parking features
Parking Lot
Subdivision
William Liberato 1
Elementary school district
Youngstown CSD - 5014
Middle school district
Youngstown CSD - 5014
High school district
Youngstown CSD - 5014
Directions
Gypsy to Logan ave
Standard status
Active
APN
53-010-0-522.00-0
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 63096 125.00 X 150.00 WILLIAM LIBERATO PLAT NO 1
Tax Annual Amount
640
Legal Description
LOT 63096 125.00 X 150.00 WILLIAM LIBERATO PLAT NO 1
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1957
Roof type
Shingle
Listing Agency:
Keller Williams Chervenic Realty · Keller Williams Realty
(330) 967-4300
Listed By:
Shawn Burton · License #2020006722
(330) 519-5342
Added: Apr 26
Changed: Aug 19
Last Checked: Aug 30 at 1:06PM
MLS# 5204614
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail storefront at 1535 Logan Avenue includes a dedicated parking lot and basement space. The building dates to 1957 and has a shingle roof, public water, and public sewer service. A new roof and exterior painting were completed in 2025.
The property occupies 0.428 acres in Youngstown, Ohio, with parking for more than 20 vehicles. It was formerly occupied by Belleria Pizza, providing a documented restaurant-related history for the storefront.
The property occupies 0.428 acres in Youngstown, Ohio, with parking for more than 20 vehicles. It was formerly occupied by Belleria Pizza, providing a documented restaurant-related history for the storefront.
Key Highlights
- New roof installed in 2025
- Exterior painting completed in 2025
- Parking lot accommodates more than 20 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,000
$189.0K
Cap Rate 7%
$135,000
$135.0K
Cap Rate 9%
$105,000
$105.0K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.0K $6.00/SF
− Vacancy
−$4.5K −$1.50/SF
EGI
$13.5K $4.50/SF
− OpEx
−$4.1K −$1.35/SF
NOI
$9.5K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,000
Cap Rate 7%
$135,000
Cap Rate 9%
$105,000
Alternative Uses
Best Use
Retail
$135.0K
$118.1K – $157.5K
NOI $9,450 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44505, OH
17,048
Population
7,524
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
18.0 sq mi
ZIP Area
947
Density / Sq Mi
$36,480
Median Household Income
$28,270
Median Earnings
$644
Median Rent
$82,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail storefront with a dedicated parking lot, basement space, and recent exterior improvements.
Where is this storefront property located?
The property is located at 1535 Logan Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: New roof installed in 2025; Exterior painting completed in 2025; Parking lot accommodates more than 20 vehicles
