Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7464 South Ave Youngstown, OH 44512

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for lease in Youngstown, Ohio.

    Type:Land
    Added:
    Jan 24, 2024
    Days on Market:
    817
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 7464 South Ave

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 7464 South Ave Contact us

    We can help!

    Listing Contact
    Adam Divelbiss

    Listing agent Adam Divelbiss License #OH

    Listing office Platz Realty Group

    Listing date Jan 24, 2024

    Source Crexi

    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

    Overview

    Land Available For Lease

    This land property, suitable for lease, is located at 7464 South Ave, Youngstown, OH 44512.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6348021
    Latitude
    41.0193722

    Nearby Similar for Lease

    • Contact for pricing

      Office Flex Space Sublease

      3,200 SF office flex space available for sublease.
      5401 Ashley Circle, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Youngstown Commercial Space For Rent

      Lower-level unit with flexible layout, ideal for various professional uses.
      755 Boardman Canfield H2, Youngstown, OH 44512
      View Details
    • Contact for pricing

      Boardman Commercial Condo For Rent

      Commercial condo in Boardman location, ideal for various businesses.
      755 Boardman Canfield H2, Youngstown, OH 44512
      View Details
    • $15/mo

      Downtown Youngstown Commercial Opportunity

      Prime commercial space in downtown Youngstown near entertainment venues.
      200-208 W Front Street, Youngstown, OH 44503
      View Details
    • Contact for pricing

      Retail Space Near Downtown Youngstown

      Rental opportunity with high ceilings, open space, and parking.
      517-519 Market Street, Youngstown, OH 44502
      View Details
    • $13/mo

      Office and Medical Suites Available

      General and medical suites for rent with front door parking.
      25 N Canfield Niles Rd, Youngstown, OH
      View Details
    • $9/mo

      Renovated Office and Warehouse Space

      Renovated office and warehouse with basement storage and 480V power.
      1586 Mahoning Ave, Youngstown, OH
      View Details
    • Contact for pricing

      Highway Site For Lease

      2.63 AC commercial land for lease in Youngstown, OH.
      4055 Belmont Avenue, Youngstown, OH, 44505
      View Details
    • $14/mo

      Professional Office Space For Rent

      Class A office space near YSU and Business Incubator.
      250 E Federal St, Youngstown, OH
      View Details
    • Contact for pricing

      Office Space on US 224

      Multi-tenant office building with move-in ready suites and ample parking.
      860 Boardman Canfield Rd, Youngstown, OH
      View Details
    • $12/mo

      Retail Space Near Southern Park

      Inline retail space across from Southern Park Mall.
      84 Boardman Poland Rd, Youngstown, OH
      View Details
    • $4/mo

      Columned Warehouse Near Downtown Youngstown

      Warehouse space with dock doors, drive-in, and climate-controlled offices.
      360 E Federal St, Youngstown, OH
      View Details

    FAQs

    What type of property is this?
    Land - Land available for lease in Youngstown, Ohio.
    Where is this land located?
    The property is located at 7464 South Ave Youngstown, OH.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Divelbiss
    Real Estate License ID: OH
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!