Steel Retail Building with Divisible
For Sale
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4450 Mahoning Ave, Youngstown, OH 44515
Steel retail building with a layout that can be divided into individually leased units.
Property Size8,320 SF
Price / SF$103.85
Days on Market591
Property Features for 4450 Mahoning Ave
General Information
Standard status
Active
Size
8,320 SF
Property subtype
RETAIL
Building Details
Year Built
2015
Construction
steel
Listing Agency:
Platz Realty Group
(330) 509-4546
Listed By:
Gary Lasko
Source:
Moodyscre
Added: Jan 16, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:14PM
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 retail property is a steel building constructed in 2015 with 8,320 square feet of space. Formerly occupied by Family Dollar, the building offers a divisible configuration that can support separate units rented individually.
The property is located at 4450 Mahoning Ave in Youngstown, Ohio, just west of Raccoon Rd and near SR 11. Its existing retail format and flexible layout provide a straightforward platform for continued single-user occupancy or multiple suites.
The property is located at 4450 Mahoning Ave in Youngstown, Ohio, just west of Raccoon Rd and near SR 11. Its existing retail format and flexible layout provide a straightforward platform for continued single-user occupancy or multiple suites.
Key Highlights
- 8,320‑square‑foot steel retail building constructed in 2015
- Former Family Dollar location
- Layout can be divided into separate units
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
$26,208
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
3.03%
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%
$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
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
$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 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%
$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 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Steel retail building with a layout that can be divided into individually leased units.
Where is this retail space located?
The property is located at 4450 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $864,000.
What are key features of this property?
This property features: 8,320‑square‑foot steel retail building constructed in 2015; Former Family Dollar location; Layout can be divided into separate units
