Retail Office
For Sale
Contact for pricing
15 E Mckinley Way, Youngstown, OH 44514
Small retail or office building on a 0.24-acre parcel with access from adjacent properties, across from Peterson Park.
Property Size780 SF
Price / SF$224.36
Days on Market271
Property Features for 15 E Mckinley Way
General Information
Standard status
Active
Size
780 SF
Property subtype
OFFICE
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Dec 9, 2025
Changed: Aug 23
Last Checked: Jul 22 at 1:55PM
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 780-square-foot retail/office building is situated on a 0.24-acre parcel. The property offers a flexible setup suitable for either retail or office use, with access provided from adjacent parcels.
Located in the center of Poland, the building is positioned directly across from Peterson Park. The area is described as being close to shopping, restaurants, residential properties, and many offices.
The property’s combination of retail/office configuration, dedicated parcel size, and convenient access from surrounding properties makes it well-suited for a small standalone user or an owner-operator seeking a straightforward footprint.
Located in the center of Poland, the building is positioned directly across from Peterson Park. The area is described as being close to shopping, restaurants, residential properties, and many offices.
The property’s combination of retail/office configuration, dedicated parcel size, and convenient access from surrounding properties makes it well-suited for a small standalone user or an owner-operator seeking a straightforward footprint.
Key Highlights
- 780 SF retail/office building in the center of Poland
- 0.24‑acre parcel with access from adjacent parcels
- Across from Peterson Park
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
$7,469
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
4.27%
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%
$149,380
$149.4K
Cap Rate 7%
$106,700
$106.7K
Cap Rate 9%
$82,989
$83.0K
Market Conditions
NOI Build-Up for 780 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
$12.4K $15.96/SF
− Vacancy
−$2.5K −$3.19/SF
EGI
$10.0K $12.77/SF
− OpEx
−$2.5K −$3.19/SF
NOI
$7.5K $9.58/SF
Area
Mahoning County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$149,380
Cap Rate 7%
$106,700
Cap Rate 9%
$82,989
Alternative Uses
Best Use
Office B
$106.7K
$93.4K – $124.5K
NOI $7,469 @ 7.0% cap · market cap 4.27%
Second Best
Retail
$35.1K
$30.7K – $41.0K
NOI $2,457 @ 7.0% cap · market cap 1.40%
Theoretical Best
Office A
$147.2K
$128.8K – $171.7K
NOI $10,303 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
420
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Small retail or office building on a 0.24-acre parcel with access from adjacent properties, across from Peterson Park.
Where is this office building located?
The property is located at 15 E Mckinley Way Youngstown, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 780 SF retail/office building in the center of Poland; 0.24‑acre parcel with access from adjacent parcels; Across from Peterson Park
