Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Wick Ave Youngstown, OH 44503

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    180,000 square foot office building available for sale.

    Property size:
    180,000 SF
    Lot size:
    0.57 Acres

    Property Features for 16 Wick Ave

    General Information

    Size
    180,000 SF
    Lot size
    0.57 Acres

    We can help!

    Listing Contact
    Alan Friedkin
    Source: Moodyscre

    Listing Agent: Alan Friedkin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Building in Youngstown, OH

    An office building with 180,000 square feet of space is available for sale in Youngstown, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hard Money Lenders ... Mortgage Lender Brandspire Website Designer 16 Wick Office Space Rental Agency Testosterone ReviveVibe Therapy ... Sports Medicine Physician Imaging Results Laboratory

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Law Firm Skin Care Clinic Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6489995
    Latitude
    41.1007631

    Nearby Similar for Sale

    • $695,000
      Pending

      Former Convent/Dormitory Multi-Purpose Property

      Versatile 29-bedroom property, formerly a convent/dormitory/shared living space.
      795-796 5Th St, Youngstown, OH 44471
      View Details
    • $249,000
      1.90 Acres

      Two Houses on 1.9 Acres

      Two houses on 1.9 acres with scenic views.
      626 Leadville Ave, Youngstown, OH 44509
      View Details
    • $249,000
      1.90 Acres

      Two Houses on 1.9 Acres

      Two houses with scenic views and room for vehicles.
      2129 Tippecanoe Ave, Youngstown, OH 44509
      View Details
    • New
      $259,900
      1,848 SF

      Well-Built Duplex in Austintown

      2001 duplex with open floor plan, ideal for investors.
      3921/3923 Huntmere Ave, Youngstown, OH 44515
      View Details
    • New
      $240,000
      0.28 Acres

      Mixed-Use Property in Youngstown, OH

      Commercial and residential property with salon, renovated in 2020.
      565 S Meridian Rd, Youngstown, OH 44509
      View Details
    • $135,000
      1,631 SF

      Charming Duplex in Youngstown, OH

      Cape Cod duplex with rental income potential and recent updates.
      26 N Glenellen Ave, Youngstown, OH 44509
      View Details
    • $63,000
      Pending

      Medical Office in Youngstown, OH

      Well-maintained medical office with ample space and parking.
      3610 Market St, Youngstown, OH 44507
      View Details
    • New
      $164,000
      0.15 Acres

      Updated Duplex in Youngstown, OH

      Fully updated duplex with new kitchens, baths, roof, and systems.
      20 Erskine Ave, Youngstown, OH 44512
      View Details
    • $250,000
      0.24 Acres

      Versatile Commercial Property in Youngstown

      Commercial property with steady income, excellent visibility, and growth potential.
      28 Jacobs Rd, Youngstown, OH 44505
      View Details
    • $158,400
      2,136 SF

      Updated Duplex Near Mill Creek

      Updated duplex featuring modern interiors, stainless appliances, and recent upgrades.
      141 Wesley Ave, Youngstown, OH 44509
      View Details
    • $599,500
      0.30 Acres

      Downtown Youngstown Retail Opportunity

      Retail or restaurant space near Youngstown Foundation Amphitheater and Covelli Center.
      200-208 W Front St, Youngstown, OH 44503
      View Details
    • $150,000
      3,000 SF

      Youngstown Commercial Property with Parking

      Commercial building in Youngstown, OH, with ample parking and new roof.
      1535 Logan Ave, Youngstown, OH 44505
      View Details

    FAQs

    What type of property is this?
    Office building - 180,000 square foot office building available for sale.
    Where is this office building located?
    The property is located at 16 Wick Ave Youngstown, OH.
    What are key features of this property?
    This property features: - 180,000 square foot office building available for sale.; - Large square footage.; - Commercial property.
    (330) 759-2383
    Request Owner's contact information
    16 Wick Ave Youngstown, OH 44503
    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.
    16 Wick Ave
    Youngstown, OH 44503
    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
    16 Wick Ave Youngstown, OH 44503
    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

    We can help!
    Listing Contact
    Alan Friedkin
    (330) 759-2383
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.