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    4241 Kirk Rd Youngstown, OH 44511

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    4241 Kirk Rd Youngstown, OH 44511

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    • Retail space
    • 3,594 SF
    • 0.50 lot acres
    For Sale
    $290,000
    View Listing →
    Versatile Commercial Building with Flexible Space For Sale
    $290,000
    3,594 SF

    Versatile Commercial Building with Flexible Space

    Adaptable commercial building suitable for diverse business ventures.

    4241 Kirk Rd, Youngstown, OH 44511
    View Listing
    Property ID
    US66-6090892
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Petrallo Family Chiropractic - ProAdjuster / Alternative Medicine Practice
    • Dr. Scott Petrallo / Alternative Medicine Practice

    Property Details for 4241 Kirk Rd

    Year built
    1978
    Lot size
    0.50 lot acres
    Property size
    3,594 SF
    Property type
    Retail space
    APN
    48-003-0-130.00-0
    APU
    480030130000

    Description

    This freestanding, 3,600 square foot medical office building presents a unique owner-user opportunity in Youngstown, Ohio. Located on a half-acre lot at 4241 Kirk Rd, this single-story, Class C building was constructed in 1978 and features B-2 Business zoning. Currently vacant, the property offers immediate occupancy for a medical practice or adaptable commercial use. Its prime location directly adjacent to Western Fair Plaza, a shopping center anchored by Big Lots, Dollar Tree, Dollar General, and other established retailers, ensures high visibility and convenient access for patients or customers. The area boasts a strong demographic profile, with an average household income exceeding $77,268 within a one-mile radius. High traffic counts of 11,441 vehicles per day (per ODOT TIMS) further enhance the property's commercial appeal. The asking price is $295,000, translating to $81.94 per square foot. This represents a compelling investment opportunity in a thriving commercial area. The property is for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.7276
    Latitude
    41.0683
    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
    $5,199
    $20,150
    $58,110
    $78,260
    -
    $57,580
    $166,040
    $223,620

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
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      View Details
    • Value Estimation
      $635,000
      18,410 SF

      2246 Glenwood Ave, Unit 2306

      RETAIL STORES (PERSONAL SERVICES) • 18,410 SF
      2246 Glenwood Ave, Youngstown, OH 44511-1574
      View Details
    • Value Estimation by Request
      6,607 SF

      2642 Glenwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,607 SF
      2642 Glenwood Ave, Youngstown, OH 44511-2454
      View Details
    • Value Estimation by Request
      3,520 SF

      2620 Glenwood Ave, Unit 622

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      2620 Glenwood Ave, Youngstown, OH 44511
      View Details
    • Value Estimation by Request
      2,280 SF

      1729 Glenwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      1729 Glenwood Ave, Youngstown, OH 44511-1515
      View Details
    • Value Estimation by Request
      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
      3,594 SF

      Versatile Commercial Building with Flexible Space

      Adaptable commercial building suitable for diverse business ventures.
      4241 Kirk Rd, Youngstown, OH 44511
      View Details
    • $425,000
      1,909 SF

      Retail Building on Meridian Road

      Retail building for sale with B-2 zoning.
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      View Details
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      0.17 Acres

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      Residential lot available for building a new home.
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      Prime Commercial Land For Sale

      Commercial land in a prime location suitable for various businesses.
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      0.28 Acres

      Land For Sale Youngstown

      Land available in Youngstown, Ohio.
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    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
      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
    View Listing
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    Youngstown, OH 44511
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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.

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    4241 Kirk Rd, Youngstown, OH, 44511

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