Two-Level Flex
For Sale
$349,900
3345 Youngstown Rd SE, Warren, OH 44484
Corner commercial property combining office areas, workshop space, and adaptable upper-level storage or workspace.
Property Size2,359 SF
Price / SF$148.33
Days on Market13
Property Features for 3345 Youngstown Rd SE
General Information
Standard status
Active
Size
2,359 SF
Building Details
Year Built
1996
Stories
2
Listing Agency:
CENTURY 21 Lakeside Realty
(330) 793-4200
Listed By:
Michael Drew · License #2016004500
Source:
Theacclaimedrealty
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 12:16PM
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 CENTURY 21 Lakeside Realty
Investment Insights
Based on property information with market context.
Built in 1996, this 2,359-square-foot flex property provides a combination of office, workshop, and open-use areas. The ground floor includes a reception and office component alongside a garage/workshop area equipped with 10-foot doors.
An open second-floor area adds flexibility for office or storage use. The property occupies a corner location at 3345 Youngstown Rd SE in Warren, Ohio, offering a practical layout for businesses requiring both administrative and work-oriented space.
An open second-floor area adds flexibility for office or storage use. The property occupies a corner location at 3345 Youngstown Rd SE in Warren, Ohio, offering a practical layout for businesses requiring both administrative and work-oriented space.
Key Highlights
- 2,359‑square‑foot flex property built in 1996
- Corner commercial location at 3345 Youngstown Rd SE, Warren, OH 44484
- First floor includes reception and office areas
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
$22,731
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
6.50%
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%
$454,620
$454.6K
Cap Rate 7%
$324,729
$324.7K
Cap Rate 9%
$252,567
$252.6K
Market Conditions
NOI Build-Up for 2,359 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
$37.6K $15.96/SF
− Vacancy
−$7.3K −$3.11/SF
EGI
$30.3K $12.85/SF
− OpEx
−$7.6K −$3.21/SF
NOI
$22.7K $9.64/SF
Area
Trumbull County, OH
Vacancy
19.50%
Lease Rate
$15.96 /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%
$454,620
Cap Rate 7%
$324,729
Cap Rate 9%
$252,567
Alternative Uses
Best Use
Office B
$324.7K
$284.1K – $378.9K
NOI $22,731 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$168.2K
$147.1K – $196.2K
NOI $11,771 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$447.8K
$391.8K – $522.4K
NOI $31,343 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44484, OH
22,290
Population
9,929
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
93%
High-School Grad
17.9 sq mi
ZIP Area
1,245
Density / Sq Mi
$65,435
Median Household Income
$42,490
Median Earnings
$840
Median Rent
$166,100
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.
Frequently Asked Questions
What type of property is this?
Flex space - Corner commercial property combining office areas, workshop space, and adaptable upper-level storage or workspace.
Where is this flex space located?
The property is located at 3345 Youngstown Rd SE Warren, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,359‑square‑foot flex property built in 1996; Corner commercial location at 3345 Youngstown Rd SE, Warren, OH 44484; First floor includes reception and office areas
