Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1514 Gypsy Ln Youngstown, OH 44505

    • Investment properties
    • 1,344 SF
    • 0.47 lot acres
    For Sale
    View listing
    $235,000
    Last Sale
    Dec 30, 2022
    $25,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1339387
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1514 Gypsy Ln

    Year built
    1918
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property size
    1,344 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-275100
    APU
    12275100

    Description

    This exceptional redevelopment opportunity in Youngstown, Ohio, presents 1.86 acres of commercially zoned land, ideal for a variety of uses. The property includes two parcels: a 0.5-acre lot featuring a three-bedroom house on Gypsy Lane, conveniently located near the DOY credit union, Belmont Avenue, and the 711 connector; and a contiguous 1.36-acre rear parcel accessible from Crumrine Street off Belmont Avenue. The Gypsy Lane parcel boasts 60 feet of frontage and 357 feet of depth, while the Crumrine Street parcel offers 365 feet of frontage and 161 feet of depth. The combined property offers significant development potential, with its prime location and ample space making it suitable for a flex warehouse, or other commercial ventures. The existing structures, including a 1,344 square foot, two-story, 1935-built building, could be repurposed or removed to accommodate new construction. The property's APN numbers are 12-275100 and 12-12820. This vacant property is listed at $235,000, or $174.85 per square foot. Don't miss this chance to acquire a highly desirable development site in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.6675
    Latitude
    41.1342
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $408
    $2,000
    $11,900
    $13,900
    -
    $5,700
    $34,000
    $39,700

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      1428 Darlington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      1428 Darlington Ave, Youngstown, OH 44505-1810
      View Details
    • Value Estimation by Request
      0.16 Acres

      Belmont

      OFFICE/RESIDENTIAL (MIXED USE) • 0.16 Acres
      Belmont, Youngstown, OH 44505
      View Details
    • Value Estimation by Request
      0.15 Acres

      138 Baldwin St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      138 Baldwin St, Youngstown, OH 44505-2804
      View Details
    • Value Estimation by Request
      0.07 Acres

      Jacobs Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      Jacobs Rd, Youngstown, OH 44505
      View Details
    • Value Estimation by Request
      1,231 SF

      1609 Montrose St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,231 SF
      1609 Montrose St, Youngstown, OH 44505-1429
      View Details
    • Value Estimation by Request
      672 SF

      115 Montrose St

      OFFICE/RESIDENTIAL (MIXED USE) • 672 SF
      115 Montrose St, Youngstown, OH 44505-1512
      View Details

    Similar Nearby for Sale

    • $235,000
      1,344 SF

      Youngstown Redevelopment Opportunity

      Mixed-use, 1.86 acres, high potential
      1514 Gypsy Ln, Youngstown, OH 44505
      View Details
    • $3,750,000
      38,500 SF

      Prime Youngstown Industrial Investment

      High-return, 100% occupied industrial property.
      3825 Belmont Ave, Youngstown, OH 44505
      View Details
    • $325,000
      5,000 SF

      Belmont Ave Mixed-Use Redevelopment

      Prime Youngstown location, 5,000 SF, redevelopment opportunity.
      3807 Belmont Ave, Youngstown, OH 44505
      View Details
    • $715,000
      11,480 SF

      Youngstown Mixed-Use Investment Opportunity

      Prime Auto Body Shop & Development Land
      850 Wick Ave, Youngstown, OH 44505
      View Details
    • $225,000
      4.21 Acres

      Youngstown Mixed-Use Investment Opportunity

      Prime 4+ acre mixed-use building, high potential.
      50 Struthers-Coitsville Rd, Youngstown, OH 44505
      View Details
    • $125,000
      14.90 Acres

      Belmont Ave Commercial Land Opportunity

      14.9 Acres, Youngstown, OH - Ideal Location
      4891 Belmont Ave, Youngstown, OH 44505
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,640 SF

      Belmont Ave Retail Office Space

      Prime Retail/Office Space, Two Units Available
      4501 Belmont Ave, Youngstown, OH 44505
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space Available

      Retail suites available for lease in Youngstown, OH.
      4423-4429 Logan Way, Youngstown, OH 44505
      View Details
    • $7 SF/Yr
      120,000 SF

      Belmont Plaza: Youngstown Office Space

      Prime Youngstown Office & Retail
      3485 Belmont Ave, Youngstown, OH 44505
      View Details
    • Contact for pricing
      14,500 SF

      Retail Space Near Walmart Plaza

      Retail space available near Belmont Plaza and I-80.
      3485-3497 Belmont Ave, Youngstown, OH 44505
      View Details
    • $7 SF/Yr
      18,000 SF

      Belmont Ave Office Space Available

      Prime Youngstown Office Suites, 3 Spaces Available
      4531 Belmont Ave, Youngstown, OH 44505
      View Details
    • $13 SF/Yr
      1,650 SF

      Office Space Near New Hospitals

      Office space with high visibility and regional access.
      4300 Belmont Ave, Youngstown, OH 44505
      View Details
    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.
    1514 Gypsy Ln
    Youngstown, OH 44505
    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.