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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
3405 Market St, Youngstown, OH 44507-2009
Individually Owned
Absentee Owner
Free & Clear
Property ID
US66-2057754
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Academy for Urban Scholars High School High School
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
ALAN S FRIEDKIN
ALAN S FRIEDKIN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+54.4%
Retail stores
$1.0M
+49.9%
Auto repair, garage
$920,000
+37.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Youngstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Youngstown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Current use
MEDICAL BUILDING
$1,035,000
Change: +54% · Conversion: Easy
RETAIL STORES
$1,005,000
Change: +50% · Conversion: Moderate
AUTO REPAIR, GARAGE
$920,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$410
Tax year 2023
Assessed value
$97,200
Assessed 2023
Previous assessed
$89,850
+8.2% YoY
Effective rate
0.42%
On assessed value
Assessed land
$14,520
Assessed improvement
$82,680
Land market value
$41,490
Improvement market value
$236,220
Total market value
$277,710
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
10,817 SF
Lot
0.64 ac (27,661 SF)
APN
53-118-0-047.00-0
UPID
US66-2057754
Jurisdiction
MAHONING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$670,000
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
ALAN S FRIEDKIN
Individual
Free & Clear · 0 yrs held
Mailing address
3323 BELMONT AVE, YOUNGSTOWN, OH 44505-1805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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