Historic Italian Marketplace For
For Sale
Contact for pricing
7438 Southern Blvd, Youngstown, OH 44512
Turnkey Italian marketplace established in 1907, a century-old legacy.
Property Size5,300 SF
Price / SF$179.25
Days on Market193
Property Features for 7438 Southern Blvd
General Information
Standard status
Active
Size
5,300 SF
Total Parking Spaces
35
Property subtype
Retail
Zoning
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2002
Stories
1
Tenancy
Single
Listing Agency:
Gonatas Real Estate
Listed By:
Dennis Gonatas · License #BRKP.2023000272
(330) 729-5004
Source:
Crexi
Added: Mar 3
Changed: Aug 31
Last Checked: Sep 12 at 7:21AM
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 Gonatas Real Estate
Investment Insights
Based on property information with market context.
This historic Italian marketplace, established in 1907, is available for sale as a turnkey operation. The business has been a cornerstone of culinary excellence and local tradition for over a century. The property features expansive retail spaces, a well-equipped kitchen, and storage facilities, all maintained to the highest standards. The sale includes all fixtures, fittings, and meticulously sourced inventory. The marketplace is known for its exceptional selection of gourmet Italian foods, artisanal goods, and an ambiance of old-world charm. It attracts a loyal clientele and consistently garners high foot traffic. The property is located in the heart of the community. The business has a proven track record, supported by a dedicated team of experienced staff. The marketplace is a cultural landmark, embedded in the fabric of the local society. The property size is 5300 square feet.
Key Highlights
- Turnkey Italian marketplace established in 1907 with a century‑long legacy and strong community reputation.
- Proven track record of success with a loyal clientele and high foot traffic.
- Includes all fixtures, fittings, and meticulously sourced inventory for seamless operation.
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
$56,059
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
5.90%
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%
$1,121,180
$1.1M
Cap Rate 7%
$800,843
$800.8K
Cap Rate 9%
$622,878
$622.9K
Market Conditions
NOI Build-Up for 5,300 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
$79.5K $15.00/SF
− Vacancy
−$4.8K −$0.90/SF
EGI
$74.7K $14.10/SF
− OpEx
−$18.7K −$3.53/SF
NOI
$56.1K $10.58/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,121,180
Cap Rate 7%
$800,843
Cap Rate 9%
$622,878
Alternative Uses
Best Use
Specialty Retail
$800.8K
$700.7K – $934.3K
NOI $56,059 @ 7.0% cap · market cap 5.90%
Second Best
Retail
$238.5K
$208.7K – $278.3K
NOI $16,695 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$1.00M
$875.1K – $1.17M
NOI $70,011 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Target Grocery — 417 Boardman Poland Rd, Boardman, OH 44512
- Save A Lot — 223 Boardman-Canfield Rd, Youngstown, OH 44512
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey Italian marketplace established in 1907, a century-old legacy.
Where is this grocery and convenience store located?
The property is located at 7438 Southern Blvd Youngstown, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turnkey Italian marketplace established in 1907 with a century‑long legacy and strong community reputation.; Proven track record of success with a loyal clientele and high foot traffic.; Includes all fixtures, fittings, and meticulously sourced inventory for seamless operation.
