Former Walgreens Drug
For Sale
Contact for pricing
McCartney Rd, Youngstown, OH 44505
Freestanding retail property at a signalized intersection with pylon signage and an electronic reader board.
Property Size14,703 SF
Lot Size1.90 Acres
Price / SF$39.11
Days on Market133
Property Features for McCartney Rd
General Information
Standard status
Active
Size
14,703 SF
Total Parking Spaces
79
Lot size
1.90 Acres
Property subtype
Retail
Additional Details
Pylon Signage
Yes
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Platz Realty Group
Listed By:
Bill Kutlick · License #OH
(330) 565-5701
Source:
Crexi
Added: Apr 28
Changed: Sep 7
Last Checked: Sep 7 at 5:53AM
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 former Walgreens property in Youngstown, Ohio, includes 14,703 square feet on a 1.9-acre site. Constructed in 2006, the building is configured for drugstore and retail use and includes substantial on-site parking.
The property sits at a signalized intersection along McCartney Road. A pylon sign with an electronic reader board provides dedicated roadside identification for the site.
The property sits at a signalized intersection along McCartney Road. A pylon sign with an electronic reader board provides dedicated roadside identification for the site.
Key Highlights
- 14,703 SF former Walgreens property
- 1.9‑acre site in Youngstown, OH
- Built in 2006
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
$46,314
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
8.05%
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%
$926,280
$926.3K
Cap Rate 7%
$661,629
$661.6K
Cap Rate 9%
$514,600
$514.6K
Market Conditions
NOI Build-Up for 14,703 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
$88.2K $6.00/SF
− Vacancy
−$22.1K −$1.50/SF
EGI
$66.2K $4.50/SF
− OpEx
−$19.8K −$1.35/SF
NOI
$46.3K $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%
$926,280
Cap Rate 7%
$661,629
Cap Rate 9%
$514,600
Alternative Uses
Best Use
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,517 @ 7.0% cap · market cap 27.05%
Second Best
Retail
$661.6K
$578.9K – $771.9K
NOI $46,314 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,221 @ 7.0% cap · market cap 33.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
8,582 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,775 visits/mo
0.3 miles
AutoZone
Shops & Services
1,729 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Walgreens Pharmacy — 2654 Mc Cartney Rd, Youngstown, OH 44505
- COVID-19 Drive-Thru Testing at Walgreens — 2864 McCartney Rd, Youngstown, OH 44505
- Lori Culbertson — 2864 Mc Cartney Rd, Youngstown, OH 445055021
- Walgreens — 2864 McCartney Rd, Youngstown, OH 44505
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail property at a signalized intersection with pylon signage and an electronic reader board.
Where is this drug store located?
The property is located at McCartney Rd Youngstown, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 14,703 SF former Walgreens property; 1.9‑acre site in Youngstown, OH; Built in 2006
