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    3323 Parkman Rd Warren, OH 44481

    Sponsored
    For Sale
    $400,000

    13,300 SF Office Building, 8 Units, 1.1 Acres

    Property size:
    13,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 13,300 square foot, concrete office building situated on a 1.1-acre lot in Warren, Ohio's high-traffic area. The property boasts eight individual units, ideal for a variety of businesses, offering flexibility and potential for diverse income streams. A substantial parking lot ensures ample space for tenants and customers, enhancing the convenience and appeal of the location. The building's solid construction promises durability and low maintenance costs. The significant 1.1-acre lot adjacent to the main building presents a unique opportunity for expansion. This could involve increasing the existing retail space, adding complementary businesses to create a synergistic environment, or developing other income-generating possibilities. The property's prime location within a high-traffic area guarantees excellent visibility and accessibility, maximizing potential for tenant occupancy and revenue generation. This is a rare chance to acquire a well-established property with significant growth potential in a thriving commercial district. The combination of existing income-producing units and the expansive adjacent lot makes this an attractive investment for both seasoned and emerging investors seeking a strong return on investment. This property offers a compelling blend of immediate income and long-term development possibilities.

    Property Features for 3323 Parkman Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,300 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    1983
    Property Profile Location Intelligence

    Current Use by Public Records

    Elegant ink by ... Permanent Make-Up Clinic Elegantinkbyashley.com Permanent Make-Up Clinic Hydroponics Store Studio 422 Salon Hair Salon Good As New Electronics Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8663
    Latitude
    41.25797

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    FAQs

    What type of property is this?
    Office Property / Space - 13,300 SF Office Building, 8 Units, 1.1 Acres
    Where is this office property / space located?
    The property is located at 3323 Parkman Rd Warren, OH.
    What is the asking price?
    The asking price for this property is $400,000.
    (330) 469-2347
    Request Owner's contact information
    3323 Parkman Rd Warren, OH 44481
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    Warren, OH 44481
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    Realmo Value Estimation

    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.

    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.

    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
    3323 Parkman Rd Warren, OH 44481
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