Retail
For Sale
Contact for pricing
1135 W Western Reserve Rd, Youngstown, OH 44514
Substantial retail space positioned near Western Reserve Road and Market Street.
Property Size42,200 SF
Price / SF$80.57
Days on Market90
Property Features for 1135 W Western Reserve Rd
General Information
Standard status
Active
Size
42,200 SF
Property subtype
RETAIL
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 8:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group
Investment Insights
Based on property information with market context.
This retail property encompasses 42,200 square feet at 1135 W Western Reserve Rd in Youngstown, Ohio. The site is positioned near the intersection of Western Reserve Road and Market Street, providing a defined commercial location for retail use.
Key Highlights
- 42,200 square feet of retail space
- Located at 1135 W Western Reserve Rd, Youngstown, OH 44514
- Near the intersection of Western Reserve Road and Market Street
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
$132,930
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
3.91%
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%
$2,658,600
$2.7M
Cap Rate 7%
$1,899,000
$1.9M
Cap Rate 9%
$1,477,000
$1.5M
Market Conditions
NOI Build-Up for 42,200 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
$253.2K $6.00/SF
− Vacancy
−$63.3K −$1.50/SF
EGI
$189.9K $4.50/SF
− OpEx
−$57.0K −$1.35/SF
NOI
$132.9K $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%
$2,658,600
Cap Rate 7%
$1,899,000
Cap Rate 9%
$1,477,000
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $132,930 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.96M
$6.97M – $9.29M
NOI $557,445 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 44514, OH
22,599
Population
10,368
Households
2.2
Avg Household Size
49
Median Age
37%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,018
Density / Sq Mi
$80,000
Median Household Income
$45,486
Median Earnings
$973
Median Rent
$190,100
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?
Retail space - Substantial retail space positioned near Western Reserve Road and Market Street.
Where is this retail space located?
The property is located at 1135 W Western Reserve Rd Youngstown, OH.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 42,200 square feet of retail space; Located at 1135 W Western Reserve Rd, Youngstown, OH 44514; Near the intersection of Western Reserve Road and Market Street
