Property profile

3405 Market St Youngstown, OH 44507

OFF-MARKET
Office buildings
Property ID
US66-2057754
10,817 SF 0.64 ac lot Built 1994
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 10,817-square-foot school building located at 3405 Market St, Youngstown, OH 44507, in Mahoning County. The property sits on a 0.635-acre lot and is zoned for commercial use, offering significant potential for future development. Currently leased to the Academy for Urban Scholars, the building is in excellent condition. A new five-year lease commenced September 1, 2023, and expires August 31, 2028, representing a remaining lease term of approximately 3.8 years. The lease is a strong NNN lease, with a monthly rent of $10,500. The asking price is $1,775,000, translating to a price per square foot of $164.09. The property's APN is 53-118-0-047.00-0. This presents a stable, income-generating asset with a long-term tenant history, dating back to September 2018. The building's size and location in Youngstown, Ohio, make it an attractive investment for those seeking a strong return on investment in a well-established commercial area. The commercial zoning allows for flexibility in future uses, should the need arise. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 10,817 SF
Lot 0.64 ac (27,661 SF)
APN 53-118-0-047.00-0
UPID US66-2057754

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
  • High School

Location

3405 Market St Youngstown, OH 44507-2009
Youngstown metro Census 801600 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
$974k
Blend (final) Blend
$1.00M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Medical building $1.0M +54.4%
Retail stores $1.0M +49.9%
Auto repair, garage $920,000 +37.7%

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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