Mixed-Use Commercial
For Sale
Contact for pricing
71 Terrace St, Struthers, OH 44471
A multi-component building combining office, retail, flex space, apartments, and a garage.
Property Size14,000 SF
Price / SF$50
Days on Market54
Property Features for 71 Terrace St
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Mixed Use, Office, Retail
Additional Details
Multifamily Units
3
Building Details
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Shea MacMillan · License #SAL.2023005004
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 6:16PM
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 versatile mixed-use building totals approximately 14,000 SF and includes several income and operating components. The property features about 2,250 SF of office space and about 2,250 SF of retail space, along with flex space totaling approximately 5,000 SF. It also includes 3 apartment units and a garage area of approximately 2,000 SF, creating multiple ways to structure business and occupancy within one ownership.
The building is located at 71 Terrace St in Struthers, Mahoning County. It is positioned across from Astro Shapes, providing an identifiable commercial presence within the surrounding area.
For an owner-operator or investor, the mix of office, retail, flex space, residential units, and garage space can support a range of leasing and operational strategies under one roof. The property’s varied layout may appeal to tenants seeking flexible space types while keeping multiple revenue streams connected to a single asset.
The building is located at 71 Terrace St in Struthers, Mahoning County. It is positioned across from Astro Shapes, providing an identifiable commercial presence within the surrounding area.
For an owner-operator or investor, the mix of office, retail, flex space, residential units, and garage space can support a range of leasing and operational strategies under one roof. The property’s varied layout may appeal to tenants seeking flexible space types while keeping multiple revenue streams connected to a single asset.
Key Highlights
- 14,000 SF total building in Struthers City, Mahoning County
- Office space totals 2,250 SF
- Retail space totals 2,250 SF
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
$44,100
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
6.30%
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%
$882,000
$882.0K
Cap Rate 7%
$630,000
$630.0K
Cap Rate 9%
$490,000
$490.0K
Market Conditions
NOI Build-Up for 14,000 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
$84.0K $6.00/SF
− Vacancy
−$21.0K −$1.50/SF
EGI
$63.0K $4.50/SF
− OpEx
−$18.9K −$1.35/SF
NOI
$44.1K $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%
$882,000
Cap Rate 7%
$630,000
Cap Rate 9%
$490,000
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.23M
NOI $134,064 @ 7.0% cap · market cap 19.15%
Second Best
Mixed Use
$1.50M
$1.31M – $1.75M
NOI $105,000 @ 7.0% cap · market cap 15.00%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,934 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 44471, OH
10,445
Population
5,120
Households
2
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
4.5 sq mi
ZIP Area
2,321
Density / Sq Mi
$52,811
Median Household Income
$33,313
Median Earnings
$845
Median Rent
$97,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A multi-component building combining office, retail, flex space, apartments, and a garage.
Where is this mixed-use property located?
The property is located at 71 Terrace St Struthers, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 14,000 SF total building in Struthers City, Mahoning County; Office space totals 2,250 SF; Retail space totals 2,250 SF
