Mixed-Use Property with
New
For Sale
$145,000
2840-2842 Mahoning Ave, Youngstown, OH 44509
Open commercial space occupies the first floor beneath a three-bedroom residence.
Property Size1,932 SF
Price / SF$75.05
Days on Market4
Property Features for 2840-2842 Mahoning Ave
General Information
Standard status
Active
Size
1,932 SF
Building Details
Year Built
1900
Listing Agency:
Burgan Real Estate
Listed By:
Melissa Birmingham · License #2020006371
(330) 429-8511
Source:
Theacclaimedrealty
Added: Sep 30
Last Checked: Oct 2 at 11:18PM
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 Burgan Real Estate
Investment Insights
Based on property information with market context.
The first floor provides an open commercial area with a half bath, washer and dryer connections, and a kitchenette with a gas line hookup. Above it, the apartment has three bedrooms, a full bath with tile flooring, and a kitchen finished with granite countertops. Keyless entry serves the residence, and vinyl windows are installed on both levels.
A walkout basement with Bilco storm doors, a storage shed, and a gated rear lot add functional features. Parking is available at both the front and rear, with at least ten spaces in total.
A walkout basement with Bilco storm doors, a storage shed, and a gated rear lot add functional features. Parking is available at both the front and rear, with at least ten spaces in total.
Key Highlights
- Three‑bedroom apartment above open commercial space
- At least 10 parking spaces across the front and rear
- First‑floor commercial area includes a half bath and kitchenette with gas line hookup
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
$6,086
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
4.20%
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%
$121,720
$121.7K
Cap Rate 7%
$86,943
$86.9K
Cap Rate 9%
$67,622
$67.6K
Market Conditions
NOI Build-Up for 1,932 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
$11.6K $6.00/SF
− Vacancy
−$2.9K −$1.50/SF
EGI
$8.7K $4.50/SF
− OpEx
−$2.6K −$1.35/SF
NOI
$6.1K $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%
$121,720
Cap Rate 7%
$86,943
Cap Rate 9%
$67,622
Alternative Uses
Best Use
Mixed Use
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap · market cap 9.99%
Second Best
Retail
$86.9K
$76.1K – $101.4K
NOI $6,086 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$364.6K
$319.0K – $425.4K
NOI $25,521 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 44509, OH
10,934
Population
5,581
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
84%
High-School Grad
5.6 sq mi
ZIP Area
1,953
Density / Sq Mi
$36,472
Median Household Income
$30,544
Median Earnings
$744
Median Rent
$56,000
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?
Mixed-use property - Open commercial space occupies the first floor beneath a three-bedroom residence.
Where is this mixed-use property located?
The property is located at 2840-2842 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Three‑bedroom apartment above open commercial space; At least 10 parking spaces across the front and rear; First‑floor commercial area includes a half bath and kitchenette with gas line hookup
