Structural components are generally composed of material discontinuities, including open holes, which are considered stress concentrators in engineering components. In view of this, assessing the influence of open holes on the tensile properties is crucial to determine the sensitivity and tensile strength of a particular material. Nevertheless, investigation of the impact of open holes on the tensile properties of SS400 steel sheets is very limited and yet to be explored. Therefore, this study was performed to optimize the effects of open holes on the tensile properties of SS400 sheet specimens based on a Full Factorial Design (FFD) experiment. Four input parameters that represent various hole configurations, which include the hole diameter, location of the hole, number of holes, and hole shape, were considered in this study to develop the experimental-based prediction models to optimize the output performance, namely yield strength, ultimate tensile strength, and ultimate elongation, commonly denoted as YS, UTS, and UE respectively. A total of 10 additional experimental trials were then utilized to verify the constructed models. In addition, the weight fractions for YS, UTS, and UE were identified using the Criteria Importance Through Inter-Criteria Correlation (CRITIC) method. Subsequently, the Desirability Function Analysis (DFA) is utilized to pinpoint the optimal parameter conditions for maximizing the tensile properties. Based on the results, all four parameters showed significant effects on the response variables, except the number of holes for UTS and hole location for UE. The diameter also recorded the highest contribution toward UTS and UE, followed by the hole shape. Regarding YS, hole diameter takes precedence, with the number of holes as the second most influential factor. Furthermore, the average absolute percent deviation for the prediction responses of 10 experimental cases were 1.06 %, 0.90 %, and 0.85 % for YS, UTS, and UE, respectively, confirming the validity of the constructed models. Meanwhile, the CRITIC method estimated the weight fractions for YS, UTS and UE from the experimental data, which were 0.3825, 0.2559, and 0.3616, respectively. The DFA-derived composite desirability, rated at 0.9820, suggests optimal conditions: a 1 mm hole diameter, centered hole location, three holes, and a hexagonal shape. The minimal deviations between predicted and experimental values affirm the robustness of the models. Overall, this investigation yields important insights for optimizing open holes and elevating the tensile performance of SS400 sheet specimens.