Mixed-Use Building with
For Sale
$185,000
1820 E Market Street, Warren, OH 44483
Separate entrances support distinct professional office and residential functions.
Property Size1,888 SF
Days on Market145
Property Features for 1820 E Market Street
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,081
Building Details
Building Size
1,888 SF
Year Built
1938
Buildings
1
Stories
2
Units
2
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 518-6221
Listed By:
Rochelle Arriola
(330) 518-6221
Source:
Carolgoffrealestate
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Stouffer Realty
Investment Insights
Based on property information with market context.
Built in 1938, this mixed-use property combines a professional office layout on the first floor with a second-floor apartment. The office area includes four private offices, a waiting area, break room with sink, and split bathroom arrangement. Access to the basement is available from both the main level and outside, while separate front and rear entrances help distinguish client and staff circulation.
The upper level contains a 2-bedroom, 1-bathroom apartment that has been used for short-term rental purposes. A new HVAC system serves the second floor. Property updates include exterior siding paint, fresh interior paint, updated flooring, modern lighting, and a security system. The site also provides a lighted off-street parking lot for tenants and visitors. The property is near a hospital, shopping, a golf course, parks, and local attractions.
The upper level contains a 2-bedroom, 1-bathroom apartment that has been used for short-term rental purposes. A new HVAC system serves the second floor. Property updates include exterior siding paint, fresh interior paint, updated flooring, modern lighting, and a security system. The site also provides a lighted off-street parking lot for tenants and visitors. The property is near a hospital, shopping, a golf course, parks, and local attractions.
Key Highlights
- First‑floor office layout with 4 private offices, waiting area, break room, and split bathrooms
- Second‑floor 2‑bedroom, 1‑bathroom apartment used for short‑term rental
- Separate front and rear entrances, with basement access from inside and outside
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,438
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,760
$288.8K
Cap Rate 7%
$206,257
$206.3K
Cap Rate 9%
$160,422
$160.4K
Market Conditions
NOI Build-Up for 1,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.9K $14.76/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$26.3K $13.90/SF
− OpEx
−$11.8K −$6.26/SF
NOI
$14.4K $7.65/SF
Area
Trumbull County, OH
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,760
Cap Rate 7%
$206,257
Cap Rate 9%
$160,422
Alternative Uses
Best Use
Mixed Use
$267.0K
$233.6K – $311.5K
NOI $18,691 @ 7.0% cap · market cap 10.10%
Second Best
Healthcare Medical
$260.7K
$228.1K – $304.2K
NOI $18,249 @ 7.0% cap · market cap 9.86%
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 44483, OH
24,840
Population
12,469
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
18.3 sq mi
ZIP Area
1,357
Density / Sq Mi
$47,629
Median Household Income
$32,289
Median Earnings
$796
Median Rent
$100,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate entrances support distinct professional office and residential functions.
Where is this mixed-use property located?
The property is located at 1820 E Market Street Warren, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: First‑floor office layout with 4 private offices, waiting area, break room, and split bathrooms; Second‑floor 2‑bedroom, 1‑bathroom apartment used for short‑term rental; Separate front and rear entrances, with basement access from inside and outside
