NNN-Leased Commercial
1992 Elm Road Northeast, Warren, OH 44483
For Sale
Contact for pricing
A long-term triple-net lease includes scheduled annual rent increases.
Property Size1,204 SF
Lot Size0.34 Acres
Price / SF$377.74
Days on Market36
Property Features for 1992 Elm Road Northeast
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 5:16PM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
The property includes 1,204 rentable square feet of building space on an estimated 0.34-acre parcel. It is subject to a 20-year triple-net lease that began 2/5/2024, with annual increases of 2.00%.
Located at 1992 Elm Road Northeast in Warren, Ohio, the property is offered for sale.
Located at 1992 Elm Road Northeast in Warren, Ohio, the property is offered for sale.
Key Highlights
- 1,204 rentable square feet of building space
- Estimated 0.34‑acre parcel
- 20‑year triple‑net lease commenced 2/5/2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,976
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,520
$259.5K
Cap Rate 7%
$185,371
$185.4K
Cap Rate 9%
$144,178
$144.2K
Market Conditions
NOI Build-Up for 1,204 SF
Gross rent
$18.1K $15.00/SF
− Vacancy
−$759 −$0.63/SF
EGI
$17.3K $14.37/SF
− OpEx
−$4.3K −$3.59/SF
NOI
$13.0K $10.78/SF
Area
Trumbull County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,520
Cap Rate 7%
$185,371
Cap Rate 9%
$144,178
Alternative Uses
Best Use
Specialty Retail
$185.4K
$162.2K – $216.3K
NOI $12,976 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$166.1K
$145.3K – $193.8K
NOI $11,627 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$228.5K
$200.0K – $266.6K
NOI $15,997 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - A long-term triple-net lease includes scheduled annual rent increases.
Where is this nnn property located?
The property is located at 1992 Elm Road Northeast Warren, OH.
What is the asking price?
The asking price for this property is $454,800.
What are key features of this property?
This property features: 1,204 rentable square feet of building space; Estimated 0.34‑acre parcel; 20‑year triple‑net lease commenced 2/5/2024
