Multi-Tenant Warehouse with Drive-In
For Sale
Contact for pricing
8060 Southern Blvd, Youngstown, OH 44512
Multi-tenant warehouse with available space, drive-in access, and 200-amp power.
Property Size18,000 SF
Price / SF$61.11
Days on Market139
Property Features for 8060 Southern Blvd
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Industrial
Occupancy
67%
Lease Type
Modified Gross
Warehouse & Industrial
Drive-In Doors
5
Power
200 amps
Building Details
Year Built
1988
Buildings
1
Units
7
Tenancy
Multi
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Don Thomas · License #OH
Source:
Crexi
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 31 at 2:31AM
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.
Built in 1988, this 18,000-square-foot warehouse is configured for multiple tenants and includes available space for an owner-user or additional occupancy. The property offers five drive-in doors and 200-amp power, supporting warehouse operations that require direct vehicle access and commercial electrical service.
Located at 8060 Southern Blvd in Youngstown, Ohio, the building combines established warehouse improvements with a multi-tenant layout and existing availability.
Located at 8060 Southern Blvd in Youngstown, Ohio, the building combines established warehouse improvements with a multi-tenant layout and existing availability.
Key Highlights
- 18,000‑square‑foot warehouse constructed in 1988
- Multi‑tenant configuration with available space
- Five drive‑in 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
$89,815
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
8.17%
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%
$1,796,300
$1.8M
Cap Rate 7%
$1,283,071
$1.3M
Cap Rate 9%
$997,944
$997.9K
Market Conditions
NOI Build-Up for 18,000 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
$115.4K $6.41/SF
− Vacancy
−$9.7K −$0.54/SF
EGI
$105.7K $5.87/SF
− OpEx
−$15.8K −$0.88/SF
NOI
$89.8K $4.99/SF
Area
Mahoning County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
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%
$1,796,300
Cap Rate 7%
$1,283,071
Cap Rate 9%
$997,944
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,815 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,773 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Balanced
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant warehouse with available space, drive-in access, and 200-amp power.
Where is this warehouse located?
The property is located at 8060 Southern Blvd Youngstown, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 18,000‑square‑foot warehouse constructed in 1988; Multi‑tenant configuration with available space; Five drive‑in doors
