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    5401 Ashley Circle Youngstown, OH 44515

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    For Lease
    $2,300 /Mo

    COMMERCIAL - Youngstown, OH

    Property size:
    3,200 SF
    Lot size:
    2.90 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    138
    Last Refresh:
    May 6 at 2:06 pm

    Property Features for 5401 Ashley Circle

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    48-083-0-020.02-0
    Size
    3,200 SF
    Lot size
    2.90 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Roof Turbines(s)
    Water source
    Public

    Building Details

    Year built
    1999
    Floors in Building
    1
    Roof type
    Flat, Rubber

    We can help!

    Listing Contact
    Anthony D Takacs

    Listing agent Anthony D Takacs License #2014004742

    Listing office Century 21 Homestar 31320 Solon Road, Suite 17, Solon, OH

    Listing date Dec 19, 2025

    MLS# 5177535

    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.

    HighLights

    • Prime location in the center of the Primary Retail Corridor with 403' of frontage on Ashley Cir.
    • Excellent freeway access, only 1/4 mile from I‑80 on/off ramps.
    • Flexible space: 3,200 SF total, with 1,200 SF of medical office space and 2,000 SF of warehouse space.
    • Large roll‑up door at grade level for truck access.
    • Surrounded by national tenants and a casino (Hollywood Gaming, Mahoning Valley Racecourse).
    • Available for immediate occupancy with a short lease term (under 3 years) and attractive rate.

    Overview

    Office Flex Space Sublease

    A 3,200 square foot office flex space is available for sublease. The space is currently built out with a 1,200 square foot medical office in the front and a 2,000 square foot warehouse in the back. A large roll-up door at grade level on the side provides truck access. The property has 403 feet of frontage along Ashley Circle and is situated in the center of the primary retail corridor, with close proximity to retail and restaurants. The location is surrounded by national tenants and a casino, including Hollywood Gaming, Mahoning Valley Racecourse, Chipotle, Starbucks, McDonalds, Dunkin, Arby's, Marathon, Fairfield by Marriott, Perkins, Bob Evans, Taco Bell, and Wendy's. It is located only 1/4 mile from the highly trafficked I-80 on/off ramps, providing excellent freeway access. Previously occupied by Dasco Home Medical, the space is available for immediate occupancy with an attractive rate and a short lease term of under 3 years. The property is suitable for commercial real estate, flex space, industrial, medical office, office, and warehouse use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson Controls Inc General Contractor DASCO Home Medical ... Medical Supply Store

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.766103
    Latitude
    41.114269

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    FAQs

    What type of property is this?
    Flex space - 3,200 SF office flex space available for sublease.
    Where is this flex space located?
    The property is located at 5401 Ashley Circle Youngstown, OH.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: Prime location in the center of the Primary Retail Corridor with 403' of frontage on Ashley Cir.; Excellent freeway access, only 1/4 mile from I‑80 on/off ramps.; Flexible space: 3,200 SF total, with **1,200 SF of medical office space and 2,000 SF of warehouse space.**
    (440) 567-8047
    We can help!
    Listing Contact
    Anthony D Takacs
    Real Estate License ID: 2014004742
    Learn More
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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.

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