3960 South Ave, Youngstown, OH 44512
4,000 SF former bank on 1.5 acres for sale.
- Added:
- Jul 9, 2024
- Days on Market:
- 729
- Last Refresh:
- Jul 4 at 11:10 pm
Property Features for 3960 South Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2004
Listing office Platz Realty Group (330) 565-5701
Listing date Jul 9, 2024
Source Crexi
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
HighLights
- 4,000 SF on 1.5 acres
- Features 4 Drive‑thru lanes
- Former bank building
- Built in 2004
- Just south of Midlothian Blvd
- Very bright with lots of natural light
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $15.00 |
| − Vacancy | −$3.6k | −$0.90 |
| EGI | $56.4k | $14.10 |
| − OpEx | −$14.1k | −$3.53 |
| NOI | $42.3k | $10.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6441117
- Latitude
- 41.0591008
