Retail Building with
For Sale
$319,900
4922 Mahoning Avenue NW, Champion, OH 44483
CommercialSale, Champion, OH
Property Size3,288 SF
Lot Size0.90 Acres
Price / SF$97.29
Days on Market361
Property Features for 4922 Mahoning Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
40
Subdivision
Champion Heights
Elementary school district
Champion LSD - 7804
Middle school district
Champion LSD - 7804
High school district
Champion LSD - 7804
Directions
Take Mahoning Ave. NW to the property.
Standard status
Active
APN
46-141100
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
3&4&5 175.88F CH HTS HMSTS MAH AV
Tax Annual Amount
3576
Legal Description
3&4&5 175.88F CH HTS HMSTS MAH AV
Utilities
Heating system
Forced Air, Natural Gas
Amenities
Spacious Interior
Private Spaces
Car Lot Office
Basement Garage
Building Details
Year built
1940
Floors in Building
1
Listing Agency:
Gonatas Real Estate LLC
(330) 729-5004
Listed By:
Dennis D Gonatas Sr. · License #2023000272
(330) 501-8300
Added: Sep 10, 2025
Changed: Aug 19
Last Checked: Sep 5 at 6:06PM
MLS# 5155465
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property contains 3,288 square feet with an open showroom area, six separate rooms, a dedicated office, and a basement garage or storage area. The building is currently used for a music store and car lot, with a configuration that supports continued retail and vehicle-related operations. Forced-air heating and natural gas service are present, and the building dates to 1940.
The property occupies 0.9 acres at 4922 Mahoning Avenue NW in Champion, Ohio. Its location along Mahoning Ave NW records traffic of 18,804 vehicles daily, while the front parking area accommodates customer vehicles and additional inventory. The combination of display space, private rooms, office area, and below-building storage provides a practical setup for retail, showroom, office, or service-oriented occupancy.
The property occupies 0.9 acres at 4922 Mahoning Avenue NW in Champion, Ohio. Its location along Mahoning Ave NW records traffic of 18,804 vehicles daily, while the front parking area accommodates customer vehicles and additional inventory. The combination of display space, private rooms, office area, and below-building storage provides a practical setup for retail, showroom, office, or service-oriented occupancy.
Key Highlights
- 3,288 sq. ft. retail building with open showroom area
- Traffic count of 18,804 vehicles daily along Mahoning Ave NW
- Six separate rooms plus a dedicated car lot office
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
$13,511
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
4.22%
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%
$270,220
$270.2K
Cap Rate 7%
$193,014
$193.0K
Cap Rate 9%
$150,122
$150.1K
Market Conditions
NOI Build-Up for 3,288 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
$21.1K $6.41/SF
− Vacancy
−$1.8K −$0.54/SF
EGI
$19.3K $5.87/SF
− OpEx
−$5.8K −$1.76/SF
NOI
$13.5K $4.11/SF
Area
Trumbull County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$270,220
Cap Rate 7%
$193,014
Cap Rate 9%
$150,122
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,751 @ 7.0% cap · market cap 9.93%
Second Best
Industrial
$193.0K
$168.9K – $225.2K
NOI $13,511 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,686 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,804 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 44483, OH
24,840
Population
12,469
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
18.3 sq mi
ZIP Area
1,357
Density / Sq Mi
$47,629
Median Household Income
$32,289
Median Earnings
$796
Median Rent
$100,600
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Flexible commercial layout includes an open display area, six private rooms, and a dedicated office.
Where is this retail space located?
The property is located at 4922 Mahoning Avenue NW Champion, OH.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 3,288 sq. ft. retail building with open showroom area; Traffic count of 18,804 vehicles daily along Mahoning Ave NW; Six separate rooms plus a dedicated car lot office
