Former Family Dollar Retail
For Sale
Contact for pricing
4450 Mahoning Ave, Austintown, OH 44515
Retail building near Raccoon Rd and SR 11 available for sale.
Property Size8,320 SF
Price / SF$81.13
Days on Market855
Property Features for 4450 Mahoning Ave
General Information
Standard status
Active
Size
8,320 SF
Property subtype
Retail
Zoning
B2 Business
Building Details
Year Built
2015
Buildings
1
Stories
1
Listing Agency:
Platz Realty Group
Listed By:
Gary Lasko · License #OH
(330) 509-4546
Source:
Crexi
Added: Jun 17, 2024
Changed: Oct 4
Last Checked: Oct 19 at 6:34AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,320-square-foot retail building, formerly a Family Dollar, was constructed in 2015. The steel building is located just west of Raccoon Rd and close to SR 11. It presents an opportunity for an end user or investor. The property can be subdivided, and the resulting units rented individually.
Key Highlights
- Steel building constructed in 2015
- Suitable for end user or investor
- Opportunity to subdivide and rent units individually
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,208
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,160
$524.2K
Cap Rate 7%
$374,400
$374.4K
Cap Rate 9%
$291,200
$291.2K
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$49.9K $6.00/SF
− Vacancy
−$12.5K −$1.50/SF
EGI
$37.4K $4.50/SF
− OpEx
−$11.2K −$1.35/SF
NOI
$26.2K $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%
$524,160
Cap Rate 7%
$374,400
Cap Rate 9%
$291,200
Alternative Uses
Best Use
Retail
$374.4K
$327.6K – $436.8K
NOI $26,208 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 44515, OH
27,480
Population
13,992
Households
2
Avg Household Size
44
Median Age
21%
College-Educated
94%
High-School Grad
18.5 sq mi
ZIP Area
1,485
Density / Sq Mi
$52,831
Median Household Income
$36,156
Median Earnings
$766
Median Rent
$142,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building near Raccoon Rd and SR 11 available for sale.
Where is this retail space located?
The property is located at 4450 Mahoning Ave Austintown, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Steel building constructed in 2015; Suitable for end user or investor; Opportunity to subdivide and rent units individually
