2894 Center Rd, Poland, OH 44514

Building Details

Year Built 1965 More

Buildings 1 More

Listing Agency: Berkshire Hathaway HomeServices Stouffer Realty

Listed By: Amy Watkins Show Phone

Source: Mynexthomeonline

Added: Mar 19 Changed: Nov 10 Last Checked: Nov 10 at 2:20PM

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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 Berkshire Hathaway HomeServices Stouffer Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This medical office property contains 1,951 square feet on approximately 0.5 acres. Interior spaces include seven private offices, with capacity for an eighth, a waiting room, a reception and check-in area, and a staff break room. The building, constructed in 1965, has undergone extensive renovations and updates.

The property is at 2894 Center Rd in Poland, along US-224. On-site parking serves the building, which has frontage on Center Road.

Key Highlights

• 1,951‑square‑foot medical office building on approximately 0.5 acres
• Seven private offices, with potential for an eighth
• Waiting room, check‑in and reception area, and staff break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,811

Cap Rate

5.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$396,220 $396.2K

Cap Rate 7%

$283,014 $283.0K

Cap Rate 9%

$220,122 $220.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,951 SF

Gross rent

$35.1K $18.00/SF

− Vacancy

−$2.1K −$1.08/SF

EGI

$33.0K $16.92/SF

− OpEx

−$13.2K −$6.77/SF

NOI

$19.8K $10.15/SF

Area

Mahoning County, OH

Vacancy

5.98%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$396,220

Cap Rate 7%

$283,014

Cap Rate 9%

$220,122

Alternative Uses

Best Use

Healthcare Medical

$283.0K

$247.6K – $330.2K (±1% cap)

NOI $19,811 @ 7.0% cap · market cap 5.66%

Second Best

Office B

$266.9K

$233.5K – $311.4K (±1% cap)

NOI $18,683 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$368.2K

$322.2K – $429.5K (±1% cap)

NOI $25,772 @ 7.0% cap · market cap 7.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

188

Businesses Nearby

Balanced

Demand for This Use

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Similar Off Market Nearby

• Poland Veterinary Centre — 6609 Clingan Rd, Youngstown, OH 44514
• Poland Veterinary Center: Preston Tiffany DVM — 6609 Clingan Rd, Youngstown, OH 44514
• Wolfe Tina DVM MS — 6609 Clingan Rd, Youngstown, OH 44512
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Frequently Asked Questions

What type of property is this?

Medical Office Space - A flexible office layout includes private rooms, patient reception space, and on-site parking.

Where is this medical office space located?

The property is located at 2894 Center Rd Poland, OH.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,951‑square‑foot medical office building on approximately 0.5 acres; Seven private offices, with potential for an eighth; Waiting room, check‑in and reception area, and staff break room