Property profile

3710 Hendricks Rd Youngstown, OH 44515

OFF-MARKET
Manufacturing properties
Property ID
US66-3799185
2.44 ac lot
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 300,000-square-foot industrial property, located at 3710 Hendricks Rd in Youngstown, Ohio, presents a compelling investment opportunity. Currently housing three tenants, including Timbercreek, Jaxon International, and Youngstown Bending and Rolling, the property boasts a strong pro-forma NOI of $889,299 and a 13.68% pro-forma cap rate. The asking price is $6,500,000, translating to $21.67 per square foot. Situated on a 14.64-acre lot, this multi-tenant, NNN-leased asset features 40-foot ceilings, three-phase power, and crane bays, catering to diverse manufacturing and warehousing needs. Recent capital improvements include a new roof with a 20-year warranty and the installation of energy-efficient LED lighting, totaling $1.8 million in upgrades. The property's strategic location offers convenient access to Interstate 680 and Route 11, placing it within close proximity to Downtown Youngstown, Warren, Akron, and Canton. The property is zoned for industrial use and presents an attractive opportunity for both owner-users and value-add investors seeking a well-maintained, high-performing asset in a growing Ohio market. The Youngstown area is experiencing growth in healthcare, education, and advanced manufacturing, contributing to a stable and expanding local economy.

Property profile

Verified
Property type Manufacturing properties
Use group FOUNDRY, INDUSTRIAL PLANT
Lot 2.44 ac (106,504 SF)
APN 48-046-0-021.00-0
UPID US66-3799185

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
  • Industrial Manufacturer Production Facility
  • Factory Production Facility
  • Factory Production Facility
  • Building Supply Metal Fabrication Plant
  • Metal Fabrication Plant Factory

Location

3710 Hendricks Rd Youngstown, OH 44515-1537
Youngstown metro Census 812400 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2005
4 recorded transactions
2024
Price N/A
2018
Price N/A
2018
Price N/A
2005
$450,000

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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