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    1214 E Market St Warren, OH 44483

    View on Map
    Sponsored
    For Sale
    $279,000

    MULTI_FAMILY - Other - Warren, OH

    Type:Single Family Residence
    Property size:
    4,656 SF
    Lot size:
    0.34 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 5 at 4:06 pm

    Property Features for 1214 E Market St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    38-61950
    Parking features
    Parking Lot
    Size
    4,656 SF
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Multi Units, Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Christian Knutti
    Christian Knutti

    Chervenic Realty Inc (330) 686-1644

    Listing agent Christian Knutti (330) 951-8631 License #2020005563

    Listing date Jan 29, 2026

    MLS# 5179687 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Downtown Warren

    This mixed-use property, dual-zoned for commercial and residential use, is located in Downtown Warren along a well-traveled corridor. The property features a clean storefront facade, landscaping, and a fenced, paved on-site parking lot with space for approximately 26 vehicles. The first floor, previously a bridal boutique, offers a versatile commercial layout with multiple entry points, including a ramped entrance. The commercial space includes a reception area, a large open showroom, a kitchen/utility room, a restroom, a storage area, and multiple flex rooms. The second and third floors comprise a private residence with an updated kitchen featuring a breakfast bar that opens to the dining area, a living room with recessed lighting and custom built-ins, three bedrooms, a full bath, a bonus room, and two separate attic spaces. The commercial and residential areas have separate HVAC systems and utilities. Additional improvements include vinyl windows, dimensional roof shingles, and Carrier high-efficiency furnace and air conditioning systems. The basement offers additional usable space with separate access points for both sections of the building. The property is suitable for an owner-occupant, investor, or mixed-use strategy and may support alternative residential configurations or additional units, subject to zoning, approvals, and required building modifications. The lot size is 0.34 acres and the property size is 4656 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.802354
    Latitude
    41.236099

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    FAQs

    What type of property is this?
    Mixed-use property - Dual-zoned commercial/residential property with flexible layout and high visibility.
    Where is this mixed-use property located?
    The property is located at 1214 E Market St Warren, OH.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Dual-zoned for commercial and residential use, offering flexible opportunities.; - Highly visible location in the heart of Downtown Warren with strong daily exposure.; - First floor features a versatile commercial layout with a large open showroom and flex rooms.
    (330) 951-8631
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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
    1214 E Market St Warren, OH 44483
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    We can help!
    Listing Contact
    Christian Knutti
    Christian Knutti
    Real Estate License ID: 2020005563
    (330) 951-8631
    Learn more
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