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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8391 Market St Youngstown, OH 44512

    • Commercial land
    • 6,547 SF
    • 1.15 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1511034
    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

    • Commercial land

    Property Details for 8391 Market St

    Year built
    1957
    Lot size
    1.15 lot acres
    Property size
    6,547 SF
    Property type
    Commercial land
    APN
    29-035-0-010.00-0
    APU
    290350010000

    Description

    This exceptional ±1.1-acre commercial land parcel presents a unique build-to-suit opportunity in the desirable Boardman, OH submarket of Youngstown, Ohio. Located at 8391 Market Street, zip code 44512, this single-tenancy site offers unparalleled potential for developers and businesses seeking a strategic location to establish or expand their operations. The property's convenient access to major transportation routes ensures excellent visibility and accessibility for customers and employees. The land is designated for commercial use and is ready for immediate development, allowing for a streamlined construction process. This prime location within the thriving Boardman submarket offers significant advantages, including proximity to established businesses, residential areas, and key amenities. The ±1.1 acres provide ample space for a variety of commercial projects, from retail spaces to office buildings or light industrial facilities. This is an exceptional chance to secure a highly sought-after location in a dynamic and growing area. Detailed site plans and zoning information are readily available upon request. Don't miss this opportunity to build your business in a prime Boardman location. Contact us today to learn more about this build-to-suit opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $755,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $516,000
      Market price range: $227k - $987k
      AI Estimate
      $815,000
      Market price range: $519k - $1.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $515,000
      Current use
      MEDICAL BUILDING
      $625,000
      Change: +21% Conversion: Easy
      RETAIL STORES
      $605,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $555,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $470,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6621
    Latitude
    40.9957
    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
    $8,192
    $113,840
    $0.00
    $113,840
    -
    $325,270
    $0.00
    $325,270

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      Market St

      VACANT COMMERCIAL LAND • 0.28 Acres
      Market St, Youngstown, OH 44512
      View Details
    • Value Estimation by Request
      0.07 Acres

      Market St

      VACANT COMMERCIAL LAND • 0.07 Acres
      Market St, Youngstown, OH 44512
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    • Value Estimation by Request
      0.15 Acres

      5239 Market St

      VACANT COMMERCIAL LAND • 0.15 Acres
      5239 Market St, Youngstown, OH 44512-2220
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    • Value Estimation by Request
      0.77 Acres

      Hitchcock Rd

      VACANT COMMERCIAL LAND • 0.77 Acres
      Hitchcock Rd, Youngstown, OH 44512
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    • Value Estimation by Request
      0.21 Acres

      Oak Ave

      VACANT COMMERCIAL LAND • 0.21 Acres
      Oak Ave, Youngstown, OH 44512
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    • Value Estimation by Request
      0.20 Acres

      Oak Ave

      VACANT COMMERCIAL LAND • 0.20 Acres
      Oak Ave, Youngstown, OH 44512
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Land on Southern Boulevard

      Land available on Southern Blvd with high traffic counts.
      7357 Southern Blvd, Youngstown, OH 44512
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      Prime Commercial Land Opportunity

      Redevelopment opportunity in Boardman's commercial corridor.
      565 Boardman Canfield Rd, Youngstown, OH 44512
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      Corner Land Parcel For Sale

      Prime corner location with high visibility and development potential.
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    • $285,000

      South Avenue Commercial Land

      2.3 acres of commercial land with high exposure.
      8179 South Ave, Youngstown, OH 44512
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      Redevelopment Site Near Southern Park

      Prime redevelopment site with high traffic and great exposure.
      40 Boardman Poland Rd, Youngstown, OH 44512
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    • $749,500

      3.7 Acres on Market St

      3.7 acres zoned General Business on Market St.
      8524 Market St, Youngstown, OH 44512
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    Similar Nearby for Lease

    • Contact for pricing

      Corner Land Parcel For Lease

      Approximately 1.1 AC available for lease on Market Street.
      8391 Market St, Youngstown, OH 44512
      View Details
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      Youngstown Commercial Land for Lease

      1.82 Acres, Single Tenant, RB Zoning
      7464 South Ave, Youngstown, OH 44512
      View Details
    • Contact for pricing
      11,761 SF

      Youngstown Commercial Land Opportunity

      High-traffic corner lot, build-to-suit available.
      8597 Market St, Youngstown, OH 44512
      View Details
    • Contact for pricing

      1.57-Acre Industrial Land Parcel

      Prime Mahoning County Commercial Land
      8585 South Ave, Youngstown, OH 44512
      View Details
    • Contact for pricing
      100,188 SF

      Prime Boardman Retail Opportunity

      High-traffic location, build-to-suit available
      8598 Market St, Youngstown, OH 44512
      View Details
    • $16 SF/Yr
      8,040 SF

      Prime Youngstown Office Space

      8,040 SF Office Building, 1,790 SF Available
      1305 Boardman-Canfield Rd, Youngstown, OH 44512
      View Details
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    8391 Market St
    Youngstown, OH 44512
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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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