Updated Medical Office
For Sale
$350,000
2894 Center Road, Poland, OH 44514
Flexible professional layout with private offices, patient reception areas, staff facilities, and on-site parking along US-224.
Property Size1,951 SF
Lot Size0.50 Acres
Days on Market75
Property Features for 2894 Center Road
General Information
Standard status
Active
Size
1,951 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
Office
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,832
Building Details
Building Size
1,951 SF
Year Built
1965
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 774-4572
Listed By:
Amy Watkins
(330) 774-4572
Source:
Carolgoffrealestate
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 30 at 1:38PM
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
Investment Insights
Based on property information with market context.
This medical office building in Poland, Ohio, combines a recently renovated interior with a practical configuration for medical and other professional office operations. The layout includes seven private offices with potential for an eighth, a waiting room, dedicated reception and check-in space, and a staff break room. The building is designed around patient privacy, organized circulation, and day-to-day administrative functions.
The property occupies approximately 0.5 acres at 2894 Center Road, along US-224. Its position on a heavily traveled commercial corridor provides prominent road frontage and visibility, while on-site parking supports staff and visitor access. Built in 1965 and substantially updated, the property is zoned Office and offers a move-in-ready setting for an owner-user or investor.
The property occupies approximately 0.5 acres at 2894 Center Road, along US-224. Its position on a heavily traveled commercial corridor provides prominent road frontage and visibility, while on-site parking supports staff and visitor access. Built in 1965 and substantially updated, the property is zoned Office and offers a move-in-ready setting for an owner-user or investor.
Key Highlights
- Seven private offices with potential for an eighth
- Waiting room, reception/check‑in area, and staff break room
- Recently renovated interior with updated, functional finishes
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
$19,811
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
5.66%
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%
$396,220
$396.2K
Cap Rate 7%
$283,014
$283.0K
Cap Rate 9%
$220,122
$220.1K
Market Conditions
NOI Build-Up for 1,951 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
$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 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%
$396,220
Cap Rate 7%
$283,014
Cap Rate 9%
$220,122
Alternative Uses
Best Use
Healthcare Medical
$283.0K
$247.6K – $330.2K
NOI $19,811 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$266.9K
$233.5K – $311.4K
NOI $18,683 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$368.2K
$322.2K – $429.5K
NOI $25,772 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- John Daugherty, DVM — 6609 Clingan Rd, Youngstown, OH 44512
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional layout with private offices, patient reception areas, staff facilities, and on-site parking along US-224.
Where is this medical office space located?
The property is located at 2894 Center Road 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: Seven private offices with potential for an eighth; Waiting room, reception/check‑in area, and staff break room; Recently renovated interior with updated, functional finishes
