Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1348 Niles Cortland Rd NE Warren, OH 44484

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    Church building with meeting rooms and classrooms on 1.5-acre lot.

    Property size:
    3,816 SF
    Lot size:
    2.39 Acres

    Property Features for 1348 Niles Cortland Rd NE

    General Information

    Size
    3,816 SF
    Lot size
    2.39 Acres

    We can help!

    Listing Contact
    Adam Divelbiss
    Source: Moodyscre

    Listing Agent: Adam Divelbiss

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

    Learn more

    Overview

    Church Building on Large Lot

    The property is a church building situated on a 1.5-acre lot. The building includes a sanctuary, a meeting room equipped with a kitchen, and several classrooms. It is located on State Route 46 in Howland, Ohio, south of North River Road.
    Location Intelligence

    Current Use by Public Records

    Howland Glen Baptist ... Baptist Church

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.74116
    Latitude
    41.223724

    Nearby Similar for Sale

    • $229,900
      2,060 SF

      All-Brick Warren Duplex Residence

      Turn-key duplex in a desirable neighborhood with flexible living spaces.
      676 Central Parkway Ave SE, Warren, OH 44484
      View Details
    • $200,000
      2,320 SF

      Warren, OH Ranch Duplex

      Fully occupied ranch duplex in Champion Township, close to amenities.
      5546 Shaffer Rd NW unit A & B, Warren, OH 44481
      View Details
    • $109,900
      2,446 SF

      Versatile Office Building in Warren

      Adaptable 2,446 SF building suitable for various business ventures.
      1542 Woodland St NE, Warren, OH 44483
      View Details
    • $214,900
      4,330 SF

      Historic Mixed-Use Building in Warren

      Charming tri-level building in downtown Warren, suitable for residential/commercial use.
      258 Seneca Ave NE, Warren, OH 44481
      View Details
    • $132,000
      2,100 SF

      Versatile Duplex or Single Family

      Warren duplex with potential for single-family conversion.
      244 Adelaide Ave SE, Warren, OH 44483
      View Details
    • $279,000
      0.34 Acres

      Retail Property in Warren, OH

      Retail property for sale in Warren, Ohio.
      1214 E Market St, Warren, OH 44483
      View Details
    • $279,000
      4,656 SF

      Mixed-Use Property in Downtown Warren

      Dual-zoned commercial/residential property with flexible layout and high visibility.
      1214 E Market St, Warren, OH 44483
      View Details
    • New
      $199,900
      2,360 SF

      Warren Duplex: Income Potential

      Well-maintained duplex in Warren, Ohio, offering multiple income opportunities.
      427 Butler Rd NE, Warren, OH 44483
      View Details
    • $165,000
      Pending

      Fully Rented Warren Fourplex

      Income-producing fourplex in Warren, Ohio, fully rented.
      257 Washington St NW, Warren, OH 44483
      View Details
    • $324,900
      0.90 Acres

      Versatile Commercial Building on High-Traffic Corridor

      3,288 sq ft commercial building on 0.9 acres.
      4922 Mahoning Ave NW, Warren, OH 44483
      View Details
    • $60,000
      Pending

      Warren, OH Duplex Opportunity

      Tenant-occupied duplex in Warren, OH with revenue-generating potential.
      1530 Vernon Ave NW, Warren, OH 44483
      View Details
    • $149,900
      Pending

      Renovated Warren Quadruplex For Sale

      Updated Warren quadruplex with new appliances, windows, and flooring.
      1250 Grant St SE, Warren, OH 44483
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church building with meeting rooms and classrooms on 1.5-acre lot.
    Where is this church & religious facility located?
    The property is located at 1348 Niles Cortland Rd NE Warren, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - 1.5 acre lot; - Church building; - Located on SR 46
    (501) 551-3817
    Request Owner's contact information
    1348 Niles Cortland Rd NE Warren, OH 44484
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1348 Niles Cortland Rd NE
    Warren, OH 44484
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1348 Niles Cortland Rd NE Warren, OH 44484
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Divelbiss
    (501) 551-3817
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.