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    5502 Mahoning Ave Youngstown, OH 44515

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    5502 Mahoning Ave Youngstown, OH 44515

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    • Grocery and convenience stores
    • 720 SF
    • 0.81 lot acres
    For Sale
    $1,250,000
    View Listing →
    Land on Mahoning Ave Corner For Sale
    $1,250,000
    0.80 Acres

    Land on Mahoning Ave Corner

    0.8 acres at Mahoning Ave and SR 46.

    5502 Mahoning Ave, Youngstown, OH
    View Listing
    Property ID
    US66-6297089
    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

    • Fast Trac BP / Grocery & Convenience Store / Food Market
    • bp / Gas Station
    • ATM / Atm

    Property Details for 5502 Mahoning Ave

    Year built
    1989
    Lot size
    0.81 lot acres
    Property size
    720 SF
    Property type
    Grocery and convenience stores
    APN
    48-029-0-034.00-0
    APU
    480290034000

    Description

    This exceptional .8-acre commercial land parcel presents a unique redevelopment opportunity in Austintown, Ohio. Located at 5502 Mahoning Avenue, this property boasts a highly visible corner location at the intersection of Mahoning Avenue and State Route 46 (Canfield Niles Road). Its B2 Business zoning allows for a variety of commercial uses, making it particularly well-suited for fast-food restaurants, coffee shops, or similar businesses. The property's strategic location offers excellent accessibility and high traffic volume, situated just west of State Route 11 and south of Interstate 80, placing it in close proximity to the Hollywood Racetrack and Gaming. The asking price is $1,250,000. The parcel's APN is 48-029-0-034, and it is situated within Mahoning County, Ohio, with a zip code of 44515. This is a rare opportunity to acquire a prime commercial lot in a thriving area with significant development potential. The property's size and location make it an attractive investment for businesses seeking high visibility and convenient access to major transportation routes.

    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
    -80.7643
    Latitude
    41.1
    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
    $12,115
    $147,640
    $34,440
    $182,080
    -
    $421,840
    $98,390
    $520,230

    Comparable in this City

    • Value Estimation
      $1,580,000
      10,284 SF

      1150 Canfield Niles Rd

      CONVENIENCE STORE • 10,284 SF
      1150 Canfield Niles Rd, Youngstown, OH 44515-1113
      View Details
    • Value Estimation by Request
      1,650 SF

      5301 76th Dr

      CONVENIENCE STORE • 1,650 SF
      5301 76th Dr, Youngstown, OH 44515-1124
      View Details
    • Value Estimation by Request
      1,974 SF

      1704 Raccoon Rd

      CONVENIENCE STORE • 1,974 SF
      1704 Raccoon Rd, Austintown, OH 44515-4701
      View Details
    • Value Estimation
      $535,000
      3,501 SF

      1143 Canfield Niles Rd

      CONVENIENCE STORE • 3,501 SF
      1143 Canfield Niles Rd, Youngstown, OH 44515-1150
      View Details
    • Value Estimation by Request
      2,131 SF

      4825 Mahoning Ave

      CONVENIENCE STORE • 2,131 SF
      4825 Mahoning Ave, Youngstown, OH 44515-1618
      View Details
    • Value Estimation
      $1,285,000
      18,840 SF

      5863 Mahoning Ave

      GROCERY, SUPERMARKET • 18,840 SF
      5863 Mahoning Ave, Youngstown, OH 44515-2222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,320 SF

      Former Family Dollar Retail Building

      Retail building, built in 2015, near Raccoon Rd and SR 11.
      4450 Mahoning Ave, Youngstown, OH 44515
      View Details
    • $399,000
      8,700 SF

      Retail Investment Property For Sale

      Multi-tenant investment property with frontage on Raccoon Rd and New Rd.
      1716-1728 S Raccoon Rd, Youngstown, OH 44515
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    • Contact for pricing
      8,320 SF

      Former Family Dollar Retail Building

      Retail building near Raccoon Rd and SR 11 available for sale.
      4450 Mahoning Ave, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Prime Land Near I-80 Ramp

      21.3 acres suitable for hotel, fast food, or restaurant.
      - 21.3 acres Clarkins Dr, Austintown, OH 44515
      View Details
    • Contact for pricing

      Land For Sale

      2.41 acres of land available for sale.
      - 2.41 acres Clarkins Dr, Austintown, OH 44515
      View Details
    • Contact for pricing
      14,490 SF

      Walgreens Pharmacy NNN Lease Opportunity

      NNN leased Walgreens with approximately 6.5 years of primary term.
      5501 Mahoning Ave, Austintown, OH 44515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Mahoning Avenue

      Retail space available in high-traffic Youngstown location.
      3602 Mahoning Ave, Youngstown, OH 44515
      View Details
    • $10 SF/Yr
      9,279 SF

      Retail/Flex Space Near Casino

      Retail/flex space with drive-in door near Hollywood Casino.
      5511 Silica Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenants

      Retail space with high visibility and traffic.
      5513 Mahoning Ave, Austintown, OH 44515
      View Details
    • Contact for pricing

      Austintown Retail Space with Drive-Thru

      Retail space with drive-thru in Austintown, excellent location.
      480 S Canfield-Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available for lease.
      6000 Mahoning Ave, Austintown, OH 44515
      View Details
    • Contact for pricing

      Retail Space Available

      Retail space for rent on Mahoning Ave, Austintown, OH.
      6007 Mahoning Ave, Austintown, OH 44515
      View Details
    View Listing
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    Youngstown, OH 44515
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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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