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    2553-2587 Parkman Rd NW Warren, OH 44485

    For Sale
    $2,500,000

    180,488 SF shopping center with value-add potential.

    Property size:
    180,488 SF
    Lot size:
    18.53 Acres

    Property Features for 2553-2587 Parkman Rd NW

    General Information

    Size
    180,488 SF
    Lot size
    18.53 Acres

    Source: Goodman Real Estate Agent Kyle Hartung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Shopping Center Opportunity

    Offered for sale is the fee simple interest in Trumbull Plaza, a 180,488 square foot shopping center in Warren, Ohio. The property, currently 24% occupied, presents a value-add opportunity. Anchored by Sparkle Market, a regional grocer with 18 stores since 1989, the shopping center also features Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies include a 94,114 square foot former Kmart, an outlot opportunity, and various inline spaces. Projections to 82% occupancy show over $3.4 million of potential value creation. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, and Rite Aid.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

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

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

    Similar Places Nearby

    Trumbull Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8573901
    Latitude
    41.2512556

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    FAQs

    What type of property is this?
    Shopping center - 180,488 SF shopping center with value-add potential.
    Where is this shopping center located?
    The property is located at 2553-2587 Parkman Rd NW Warren, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Significant Value-Add Potential: Increase occupancy and potentially create over $3.4 million in value.; - Grocery Anchored: Stable customer traffic provided by Sparkle Market since 1989.; - Offered at only $21.60 per square foot, making it a below market price.
    (216) 381-8200
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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
    2553-2587 Parkman Rd NW Warren, OH 44485
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