1974 - 1984 Warren Avenue, Niles, OH 44446
SINGLE_FAMILY - Niles, OH
- Added:
- May 25, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 24 at 7:06 pm
Property Features for 1974 - 1984 Warren Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 21-094700
- Lot size
- 2.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 6 20 1.356A 4000 PT WARREN AVE EXT
- Tax Annual Amount
- 4982
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard
- Water source
- Well
Building Details
- Year built
- 1985
Listing agent Jordan Smith License #2024004124 (814) 925-5183
Listing office Real of Ohio 545 Metro Place S Suite 100, Westlake, OH (330) 807-1303
Listing date May 25, 2026
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.
HighLights
- 2.39‑acre mixed‑use property with commercial showroom/office, two residential rental homes, and two garage/storage buildings on one parcel
- Commercial showroom/office building: 1,792 SF with showroom/office space and ample parking
- Residential rental space totals 1,184 SF and 720 SF across two homes
- Two garage/storage buildings total 1,600 + 1,200 SF, including 3 drive‑in doors
- 1985 construction; baseboard heating with well water and septic tank sewer
Overview
The property’s single-parcel setup provides multiple income streams, with the residential units and garage/storage currently generating rental income. The commercial building can support an owner-occupant business setup, serve storage needs, be redeveloped, or potentially be leased depending on the next owner’s plans. It is positioned near major retail, highways, and commercial corridors, while still offering room on-site for continued development or expansion.
For buyers looking for a blended-use holding, this offering provides residential and storage utility alongside a commercial showroom/office component. Owner-occupants may also value the ability to combine business space with on-site residential rental homes, all under one ownership structure. The property’s flexible mix of uses and on-site parking supports a range of business and operating approaches.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $14.40 |
| − Vacancy | −$1.1k | −$0.60 |
| EGI | $24.7k | $13.80 |
| − OpEx | −$7.4k | −$4.14 |
| NOI | $17.3k | $9.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.786432
- Latitude
- 41.189699
