Restaurant
For Sale
Contact for pricing
320 Boardman Poland Rd, Youngstown, OH 44512
Substantial dining facility near major retail anchors, with a large site and established restaurant infrastructure.
Property Size12,456 SF
Lot Size2.73 Acres
Price / SF$120.34
Days on Market1805
Property Features for 320 Boardman Poland Rd
General Information
Standard status
Active
Size
12,456 SF
Lot size
2.73 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Seating Capacity
380
Building Details
Buildings
1
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Sep 21, 2021
Changed: Aug 29
Last Checked: Aug 29 at 11:36PM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 12,456-square-foot building designed for a 380-seat dining operation. The facility previously housed a Golden Corral restaurant, providing a substantial existing framework for restaurant use.
The property encompasses 2.73 acres along US 224, with 227 feet of frontage and a depth of 500 feet. Its address is 320 Boardman Poland Rd in Youngstown, Ohio, near Southern Park Mall and surrounded by major retail destinations including Target, Kohl's, Dick's, Hobby Lobby, Marshalls, and Walmart. Bed Bath Beyond is also identified in the surrounding retail mix.
The property encompasses 2.73 acres along US 224, with 227 feet of frontage and a depth of 500 feet. Its address is 320 Boardman Poland Rd in Youngstown, Ohio, near Southern Park Mall and surrounded by major retail destinations including Target, Kohl's, Dick's, Hobby Lobby, Marshalls, and Walmart. Bed Bath Beyond is also identified in the surrounding retail mix.
Key Highlights
- 12,456‑square‑foot restaurant building with seating for 380
- 2.73‑acre property with 227 feet of frontage on US 224
- Parcel extends 500 feet deep
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
$131,750
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
8.79%
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%
$2,635,000
$2.6M
Cap Rate 7%
$1,882,143
$1.9M
Cap Rate 9%
$1,463,889
$1.5M
Market Conditions
NOI Build-Up for 12,456 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
$186.8K $15.00/SF
− Vacancy
−$11.2K −$0.90/SF
EGI
$175.7K $14.10/SF
− OpEx
−$43.9K −$3.53/SF
NOI
$131.8K $10.58/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,635,000
Cap Rate 7%
$1,882,143
Cap Rate 9%
$1,463,889
Alternative Uses
Best Use
Specialty Retail
$1.88M
$1.65M – $2.20M
NOI $131,750 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,539 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
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?
Conventional restaurant - Substantial dining facility near major retail anchors, with a large site and established restaurant infrastructure.
Where is this conventional restaurant located?
The property is located at 320 Boardman Poland Rd Youngstown, OH.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 12,456‑square‑foot restaurant building with seating for 380; 2.73‑acre property with 227 feet of frontage on US 224; Parcel extends 500 feet deep
