Converted Bank Office
4390 Mahoning Ave Youngstown, OH 44515
4390 Mahoning Ave, Youngstown, OH, 44515
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For Sale
Contact for pricing
Well-maintained former bank building features a vault, open training area, and private offices, plus a rear parking lot.
Property Size3,115 SF
Price / SF$152.49
Days on Market226
Property Features for 4390 Mahoning Ave
General Information
- Standard status
- Active
- Size
- 3,115 SF
- Property subtype
- OFFICE
Listing agency
Platz Realty Group
(330) 565-5701
Listed by
Bill Kutlick
(330) 565-5701
Source
Moodyscre
Added: Dec 8, 2025 Updated: Jul 22 at 3:00AM Checked: Jul 22 at 3:00AM
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 well-maintained building was formerly a bank and has been converted to office use. It includes a vault and drive-thru lanes, along with an open training area and private offices that support a flexible office layout.
The property is located on a corner at Mahoning Ave and Raccoon Rd, with access to SR 11 nearby. A rear parking lot is included, providing parking for building users.
The existing configuration includes both shared and private workspaces within a building originally designed for bank operations.
The property is located on a corner at Mahoning Ave and Raccoon Rd, with access to SR 11 nearby. A rear parking lot is included, providing parking for building users.
The existing configuration includes both shared and private workspaces within a building originally designed for bank operations.
Key Highlights
- Former bank building with vault and drive‑thru lanes, converted to office use
- Well‑maintained interior with an open training area and private offices
- Corner location on Mahoning Ave and Raccoon Rd
Local Financial Insights For Office B
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 | $49.7k | $15.96 |
| − Vacancy | −$9.9k | −$3.19 |
| EGI | $39.8k | $12.77 |
| − OpEx | −$9.9k | −$3.19 |
| NOI | $29.8k | $9.58 |
3,115 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.1K
$372.9K – $497.2K
NOI $29,829 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,148 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FirstLight Home Care ...
Home Health Care Service
ATM First Place ...
Atm
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FAQs
What type of property is this?
Office building - Well-maintained former bank building features a vault, open training area, and private offices, plus a rear parking lot.
Where is this office building located?
The property is located at 4390 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Former bank building with vault and drive‑thru lanes, converted to office use; Well‑maintained interior with an open training area and private offices; Corner location on Mahoning Ave and Raccoon Rd
