Retail Space with On-Site
3017 Belmont Avenue, Youngstown, OH 44505
For Sale
Contact for pricing
An existing billboard adds an income component alongside the property’s parking.
Property Size3,600 SF
Lot Size0.35 Acres
Price / SF$81.94
Days on Market29
Property Features for 3017 Belmont Avenue
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
Matthew Hales · License #SAL.2024004918
(216) 861-5150
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 4:59PM
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 Hanna Commercial Real Estate Cleveland
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property comprises approximately 3,600 SF on a 0.345-acre site at 3017 Belmont Avenue in Youngstown, Ohio. On-site parking is available, and an existing billboard provides an additional income source.
Key Highlights
- Approximately 3,600 SF of retail space
- 0.345‑acre site
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,340
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,800
$226.8K
Cap Rate 7%
$162,000
$162.0K
Cap Rate 9%
$126,000
$126.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$21.6K $6.00/SF
− Vacancy
−$5.4K −$1.50/SF
EGI
$16.2K $4.50/SF
− OpEx
−$4.9K −$1.35/SF
NOI
$11.3K $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 Rate 5%
$226,800
Cap Rate 7%
$162,000
Cap Rate 9%
$126,000
Alternative Uses
Best Use
Retail
$162.0K
$141.8K – $189.0K
NOI $11,340 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.4K
$594.4K – $792.6K
NOI $47,555 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 44505, OH
17,048
Population
7,524
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
18.0 sq mi
ZIP Area
947
Density / Sq Mi
$36,480
Median Household Income
$28,270
Median Earnings
$644
Median Rent
$82,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Youngstown
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An existing billboard adds an income component alongside the property’s parking.
Where is this retail space located?
The property is located at 3017 Belmont Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 3,600 SF of retail space; 0.345‑acre site; On‑site parking
