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    3103 Belmont Ave Youngstown, OH 44505-1801
    Property profile & analytics

    3103 Belmont Ave, Youngstown, OH 44505-1801

    View on Map
    • Strip malls
    • 39,904 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US66-1669596
    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.
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Belmont Wireless / Mobile Phone Store / Electronics & Wireless Store
    • Hair Castle / Cosmetic Store / Big Box & Wholesale Store

    Property Details for 3103 Belmont Ave

    Year built
    1957
    Lot size
    0.49 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    12-343577
    APU
    12343577

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 24, 2026 — Belmont Colonial Plaza LLC Shobhana Yajnik Quitclaim Deed $1.1M · First National Bank Of Pennsylvania
    Mar 26, 2026 — Autozone Development LLC Ap Yajnik Deed · related —
    Aug 2, 2021 — Autozone Development LLC A P Yajnik Correction Deed · related —
    Aug 9, 2019 — A P Yajnik — Deed · related $150k · The Commercial & Savings Bank
    Jun 3, 2019 — Yajnik Living Trust — Grant Deed · related $1.4M · Commercial & Svgs Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,079,000
      Market price range: $1.08M - $2.12M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,525,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.6647
    Latitude
    41.1389
    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
    $23,262
    $18,830
    $309,020
    $327,850
    -
    $53,800
    $882,900
    $936,700

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      304 State St

      SHOPPING CENTER, STRIP CENTER
      304 State St, Youngstown, OH 44505
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    • Value Estimation by Request
      4,200 SF

      3900 Belmont Ave, Unit 3970

      SHOPPING CENTER, STRIP CENTER
      3900 Belmont Ave, Youngstown, OH 44505-1410
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      4,800 SF

      3229 Belmont Ave

      SHOPPING CENTER, STRIP CENTER
      3229 Belmont Ave, Youngstown, OH 44505-1803
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    • Value Estimation by Request
      8,958 SF

      1494 Churchill Hubbard Rd

      SHOPPING CENTER, STRIP CENTER
      1494 Churchill Hubbard Rd, Youngstown, OH 44505
      View Details
    • Value Estimation by Request
      4,949 SF

      1482 Churchill Hubbard Rd

      SHOPPING CENTER, STRIP CENTER
      1482 Churchill Hubbard Rd, Youngstown, OH 44505
      View Details
    • Value Estimation
      $580,000
      11,760 SF

      4531 Belmont Ave

      SHOPPING CENTER, STRIP CENTER
      4531 Belmont Ave, Youngstown, OH 44505-1051
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Redevelopment Opportunity on Belmont Avenue

      Former restaurant suitable for redevelopment near Interstate 80.
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      0.24 Acres

      Versatile Commercial Property in Youngstown

      Commercial property with income, visibility, and growth potential.
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      Belmont Ave Retail Center

      Prime Youngstown retail investment.
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      Youngstown Chipotle with Drive-Thru

      Corporate guaranteed Chipotle lease with drive-thru and freeway access.
      4100 Belmont Ave, Youngstown, OH 44505
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      5,000 SF

      Retail Property in Youngstown, OH

      Retail property available for sale in Youngstown, Ohio.
      3807 Belmont Ave, Youngstown, OH 44505
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    • $1,400,000
      0.95 Acres

      Belmont Ave Commercial Land Opportunity

      High-traffic Youngstown, OH commercial land.
      4506 Belmont Ave, Youngstown, OH 44505
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    Similar Nearby for Lease

    • 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
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      Retail Spaces Available For Lease

      Multiple retail suites available for lease in Youngstown, Ohio.
      2980 Mccartney Rd, Youngstown, OH 44505
      View Details
    • Contact for pricing

      Retail Plaza on Belmont Ave

      Retail plaza located on the corner of Belmont Ave and Churchill Rd.
      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
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    • Contact for pricing

      Belmont Plaza Retail/Office/Warehouse Space

      Retail, office, and warehouse spaces available in Belmont Plaza.
      3485 Belmont Ave, Youngstown, OH 44505
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Youngstown, OH.
      4405 Logan Way, Youngstown, OH 44505
      View Details
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    Youngstown, OH 44505-1801
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    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
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