Remodeled Flex Space with Roll-Up
For Sale
Contact for pricing
6620 Market St, Youngstown, OH 44512
Remodeled commercial space with two new exterior roll-up doors and building signage available.
Property Size3,520 SF
Price / SF$106.53
Days on Market265
Property Features for 6620 Market St
General Information
Standard status
Active
Size
3,520 SF
Property subtype
FLEX_R_AND_D
Amenities
2 New Exterior Roll Up Doors
Large Market Street Signage with Building Signage available
Listing Agency:
Platz Realty Group
(501) 269-3827
Listed By:
Don Thomas
(501) 269-3827
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:39PM
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 3,520-square-foot flex space on Market Street features a recently remodeled interior and two new exterior roll-up doors. The property is positioned for commercial use involving retail, construction, or auto repair, based on the stated property applications.
Signage options include a Market Street sign and building signage, supporting identification from the surrounding roadway. The property is located in Boardman Township at 6620 Market St, Youngstown, Ohio.
Signage options include a Market Street sign and building signage, supporting identification from the surrounding roadway. The property is located in Boardman Township at 6620 Market St, Youngstown, Ohio.
Key Highlights
- 3,520‑square‑foot flex space
- Recently remodeled interior
- Two new exterior roll‑up doors
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
$14,464
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
3.86%
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%
$289,280
$289.3K
Cap Rate 7%
$206,629
$206.6K
Cap Rate 9%
$160,711
$160.7K
Market Conditions
NOI Build-Up for 3,520 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
$22.6K $6.41/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$20.7K $5.87/SF
− OpEx
−$6.2K −$1.76/SF
NOI
$14.5K $4.11/SF
Area
Mahoning 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%
$289,280
Cap Rate 7%
$206,629
Cap Rate 9%
$160,711
Alternative Uses
Best Use
Industrial
$206.6K
$180.8K – $241.1K
NOI $14,464 @ 7.0% cap · market cap 3.86%
Second Best
Flex RnD
$196.1K
$171.6K – $228.8K
NOI $13,728 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$664.3K
$581.2K – $775.0K
NOI $46,498 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Chick-fil-A — 7401 Market St #857, Boardman, OH 44512
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled commercial space with two new exterior roll-up doors and building signage available.
Where is this flex space located?
The property is located at 6620 Market St Youngstown, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,520‑square‑foot flex space; Recently remodeled interior; Two new exterior roll‑up doors
