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    Property profile & analytics

    3516 Meridian Rd Youngstown, OH 44511-2621

    • Banks
    • 1,909 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1865146
    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

    • ATM First Place Bank / Bank / Bank Or Atm
    • First Place Bank / Bank
    • Chemical Bank / Bank / Atm
    • Huntington Bank ATM (Walk Up) / Atm
    • Huntington Bank / Bank / Atm

    Property Details for 3516 Meridian Rd

    Year built
    1974
    Lot size
    0.54 lot acres
    Property size
    1,909 SF
    Property type
    Banks
    APN
    48-001-0-071.00-0
    APU
    480010071000

    Description

    This exceptional 1,909 square foot retail space, formerly a bank branch, presents a unique investment opportunity in Youngstown, Ohio. Located at 3516 S Meridian Rd, this property sits on a 0.54-acre lot and is zoned B-2 Business, offering considerable flexibility for a variety of commercial uses. The building is currently vacant, providing immediate occupancy for a new tenant. The asking price is $425,000, translating to $222.63 per square foot. The property's history as a bank branch suggests a strong foundation and potentially desirable features, such as secure vaulting or specialized infrastructure. The parcel number is 48-001-0-071.00-0. There are no restrictions on financial institutions, making this a particularly attractive option for banks or credit unions. This prime location in Mahoning County, Ohio, offers excellent visibility and accessibility, making it an ideal space for a business seeking a high-traffic area. The property's size and zoning provide ample opportunity for customization and expansion. This is a rare chance to acquire a well-situated, versatile commercial property in a thriving market. Don't miss this chance to own a piece of Youngstown's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $165,000
      Current use
      COMMERCIAL (GENERAL)
      $215,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $185,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $170,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7116
    Latitude
    41.0644
    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
    $6,594
    $23,680
    $75,590
    $99,270
    -
    $67,650
    $215,980
    $283,630

    Comparable in this City

    • Value Estimation
      $245,000
      2,880 SF

      3619 Meridian Rd

      FINANCIAL BUILDING • 2,880 SF
      3619 Meridian Rd, Youngstown, OH 44511-2622
      View Details
    • Value Estimation
      $275,000
      4,758 SF

      4259 Kirk Rd

      FINANCIAL BUILDING • 4,758 SF
      4259 Kirk Rd, Youngstown, OH 44511-1839
      View Details
    • Value Estimation
      $230,000
      2,280 SF

      1729 Glenwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      1729 Glenwood Ave, Youngstown, OH 44511-1515
      View Details
    • Value Estimation
      $225,000
      312 SF

      3402 Canfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 312 SF
      3402 Canfield Rd, Youngstown, OH 44511-2702
      View Details
    • Value Estimation
      $215,000
      0.30 Acres

      Canfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      Canfield Rd, Youngstown, OH 44511
      View Details
    • Value Estimation
      $240,000
      2,115 SF

      1835 Glenwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,115 SF
      1835 Glenwood Ave, Youngstown, OH 44511-1572
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,909 SF

      Redevelopment Site Former Bank Branch

      Redevelopment site featuring a 1,909 SF former bank branch.
      3516 S Meridian Rd, Youngstown, OH 44511
      View Details
    • New
      $124,900
      2,128 SF

      Youngstown Duplex: Investment Opportunity

      Tenant-occupied duplex in Youngstown with steady income and long-term potential.
      3401 Idlewood Ave, Youngstown, OH 44511
      View Details
    • $250,000
      0.49 Acres

      Prime Commercial Land For Sale

      Commercial land in a prime location suitable for various businesses.
      2002 Canfield Rd, Youngstown, OH 44511
      View Details
    • Contact for pricing
      0.28 Acres

      Land For Sale, Youngstown

      Land available in Youngstown, Ohio.
      1234 Bears Den Rd, Youngstown, OH 44511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Space on Kirk Road

      Retail space available at Kirk Rd and S Raccoon Rd.
      4381 Kirk Rd, Youngstown, OH 44511
      View Details
    • $10 SF/Yr
      4,180 SF

      Retail Store with Drive-In Door

      Retail space with drive-in door, fenced area, ample parking.
      3408-3410 Canfield Rd, Youngstown, OH 44511
      View Details
    • $10 SF/Yr
      1,242 SF

      Small Office Retail Plaza Space

      Office/retail plaza with 11 suites near SR 62.
      3507 Canfield Rd, Youngstown, OH 44511
      View Details
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    3516 Meridian Rd
    Youngstown, OH 44511-2621
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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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