Property profile

134 Woodland Ave Youngstown, OH 44502

OFF-MARKET
Warehouses
Property ID
US66-3850719
0.14 ac lot
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 18,089-square-foot industrial property in Youngstown, Ohio, currently leased to FleetPride under a Net Lease agreement. The property, located at 134 E Woodland Ave, boasts a highly favorable lease structure with a remaining term of 10.5 years, extending to May 31, 2035. FleetPride, a national leader in heavy-duty truck and trailer parts distribution, with over 270 branches and 35 service centers, has occupied this location for over 40 years, recently renewing their lease for an additional 10 years starting June 2025. This demonstrates their long-term commitment to this strategically important location. The building, constructed in 1939 and renovated in 2019, features an efficient layout maximizing functionality and space utilization. Its prime location, just one minute from I-680, ensures easy access to major transportation routes, optimizing logistics and distribution. The property generates a strong net operating income (NOI) of $60,381, resulting in an attractive 8.25% cap rate. The lease includes a 3% annual rent increase and a single 5-year renewal option. This offering presents a rare opportunity to acquire a stable, high-performing asset with a long-term, creditworthy tenant in a prime location. The property's exceptional tenancy history and strategic location make it an ideal investment for long-term growth and passive income.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Lot 0.14 ac (5,881 SF)
APN 53-046-0-143.00-0
UPID US66-3850719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store
  • Auto Parts Store Big Box & Wholesale Store

Location

134 Woodland Ave Youngstown, OH 44502-1956
Youngstown metro Census 801700 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2018
Last sale
$650,000
1 recorded transaction
2018
$100,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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