Brick Retail and Restaurant
For Sale
$549,500
200-208 W Front Street, Youngstown, OH 44503
SINGLE_FAMILY - Youngstown, OH
Property Size11,700 SF
Lot Size0.30 Acres
Price / SF$46.97
Days on Market416
Property Features for 200-208 W Front Street
General Information
Property type
Residential
Property subtype
Retail
Rooms
Basement
Parking
30
Parking features
Parking Lot
Elementary school district
Youngstown CSD - 5014
Middle school district
Youngstown CSD - 5014
High school district
Youngstown CSD - 5014
Directions
Market St to Front St.
Standard status
Active
APN
53-002-0-020.00-0
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1477 41.5 X 79
Tax Annual Amount
4457
Legal Description
LOT 1477 41.5 X 79
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1912
Listing Agency:
Agency Real Estate
(330) 533-5900
Listed By:
Patty Bates · License #263643
(330) 718-2223
Added: Jun 23, 2025
Changed: Jul 17
Last Checked: Aug 12 at 8:06AM
MLS# 5133303
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.
Investment Insights
Based on property information with market context.
This offering consists of two brick buildings that have been opened together by the seller, creating a single combined interior layout. The property includes additional space in a basement and a garage, and the seller is adding a second-floor loft condo area. A 7-day all liquor license is available, which may support a range of entertainment and food-and-beverage concepts.
The buildings face the Youngstown Foundation Amphitheater and the Mahoning River. They are positioned near the Covelli Center and within the activity of Downtown Youngstown, with a city bike lane in front and the Student Corridor to YSU at the door.
On-site parking can accommodate up to 30 cars, and public parking is located across the street. Exterior updates include new lanterns, landscaping, brick walkways, and crosswalk improvements.
The buildings face the Youngstown Foundation Amphitheater and the Mahoning River. They are positioned near the Covelli Center and within the activity of Downtown Youngstown, with a city bike lane in front and the Student Corridor to YSU at the door.
On-site parking can accommodate up to 30 cars, and public parking is located across the street. Exterior updates include new lanterns, landscaping, brick walkways, and crosswalk improvements.
Key Highlights
- Two brick buildings with shared interior access—seller opened the wall between the buildings
- Parking lot accommodates up to 30 cars, with additional public parking across the street
- Public utilities: public water and public sewer
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
$36,855
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
6.71%
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%
$737,100
$737.1K
Cap Rate 7%
$526,500
$526.5K
Cap Rate 9%
$409,500
$409.5K
Market Conditions
NOI Build-Up for 11,700 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
$70.2K $6.00/SF
− Vacancy
−$17.6K −$1.50/SF
EGI
$52.7K $4.50/SF
− OpEx
−$15.8K −$1.35/SF
NOI
$36.9K $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%
$737,100
Cap Rate 7%
$526,500
Cap Rate 9%
$409,500
Alternative Uses
Best Use
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,754 @ 7.0% cap · market cap 22.52%
Second Best
Retail
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,552 @ 7.0% cap · market cap 28.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44503, OH
1,922
Population
619
Households
3.1
Avg Household Size
39
Median Age
5%
College-Educated
81%
High-School Grad
0.4 sq mi
ZIP Area
4,805
Density / Sq Mi
$12,764
Median Household Income
$14,375
Median Earnings
$405
Median Rent
Market
Vacancy Rate% for Retail 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?
Storefront property - Two brick buildings have been opened to one layout, with a second-floor loft and parking for up to 30 cars.
Where is this storefront property located?
The property is located at 200-208 W Front Street Youngstown, OH.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Two brick buildings with shared interior access—seller opened the wall between the buildings; Parking lot accommodates up to 30 cars, with additional public parking across the street; Public utilities: public water and public sewer
