Youngstown Warehouse For
For Sale
Contact for pricing
Belmont Ave, Youngstown, OH 44505
38,500 SF warehouse available for purchase in Youngstown, OH.
Property Size38,500 SF
Price / SF$97.40
Days on Market1214
Property Features for Belmont Ave
General Information
Standard status
Active
Size
38,500 SF
Property subtype
Industrial
Zoning
Commercial + Residential
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Renovated
2021
Tenancy
Single
Listing Agency:
Platz Realty Group
Listed By:
Adam Divelbiss · License #OH
(501) 551-3817
Source:
Crexi
Added: Jun 20, 2023
Changed: Oct 7
Last Checked: Oct 14 at 11:57PM
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 commercial real estate offering features a 38,500 square-foot warehouse property available for sale. The property is located in Youngstown, Ohio.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,105
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,842,100
$3.8M
Cap Rate 7%
$2,744,357
$2.7M
Cap Rate 9%
$2,134,500
$2.1M
Market Conditions
NOI Build-Up for 38,500 SF
Gross rent
$246.8K $6.41/SF
− Vacancy
−$20.8K −$0.54/SF
EGI
$226.0K $5.87/SF
− OpEx
−$33.9K −$0.88/SF
NOI
$192.1K $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 Rate 5%
$3,842,100
Cap Rate 7%
$2,744,357
Cap Rate 9%
$2,134,500
Alternative Uses
Best Use
Warehouse
$2.74M
$2.40M – $3.20M
NOI $192,105 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,204 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$7.27M
$6.36M – $8.48M
NOI $508,570 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44505, OH
17,048
Population
7,524
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
18.0 sq mi
ZIP Area
947
Density / Sq Mi
$36,480
Median Household Income
$28,270
Median Earnings
$644
Median Rent
$82,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Self-Storage at U-Haul — 1033 Mahoning Ave, Youngstown, OH 44502
Frequently Asked Questions
What type of property is this?
Warehouse - 38,500 SF warehouse available for purchase in Youngstown, OH.
Where is this warehouse located?
The property is located at Belmont Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
