Home Depot Backed
3825 Belmont Ave Youngstown, OH
For Sale
Contact for pricing
38,500 SF warehouse leased to Temco Logistics.
Property Size38,500 SF
Lot Size2.91 Acres
Price / SF$97.40
Days on Market558
Property Features for 3825 Belmont Ave
General Information
Standard status
Active
Size
38,500 SF
Lot size
2.91 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Platz Realty Group
(501) 551-3817
Listed By:
Adam Divelbiss
(501) 551-3817
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:43AM
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 38,500 square foot warehouse property includes 3,300 square feet of office space and is situated on 2.8 acres. The property features 3 overhead doors and 4 interior dock doors. It is currently 100% leased to Temco Logistics, a home goods deliverer and installer since 1968, which was acquired by Home Depot in June 2023. The lease expires in 2028 and includes annual rent increases of 3%.
Key Highlights
- Home Depot backed NNN Lease (Temco Logistics acquired by Home Depot 6/2023)
- 100% Leased Investment Property
- Lease expires 2028 with 3% annual rent increases
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $246.8k | $6.41 |
| − Vacancy | −$20.8k | −$0.54 |
| EGI | $226.0k | $5.87 |
| − OpEx | −$33.9k | −$0.88 |
| NOI | $192.1k | $4.99 |
38,500 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.74M
$2.40M – $3.20M
NOI $192,105 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,204 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$7.27M
$6.36M – $8.48M
NOI $508,570 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Metroplex Self Storage — 1620 Motor Inn Dr, Girard, OH 44420
- E-Z Self Storage — 1335 Trumbull Ave, Girard, OH 44420
- Blue Star Mini Storage — 1953 Churchill Rd #1951, Girard, OH 44420
Frequently Asked Questions
What type of property is this?
Warehouse - 38,500 SF warehouse leased to Temco Logistics.
Where is this warehouse located?
The property is located at 3825 Belmont Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Home Depot backed NNN Lease (Temco Logistics acquired by Home Depot 6/2023); 100% Leased Investment Property; Lease expires 2028 with 3% annual rent increases
