Warehouse
For Sale
$250,000
3019 Parkman Rd NW, Warren, OH 44481
For-sale warehouse located at the corner of Parkman Rd and Anderson Anthony in Trumbull County.
Property Size2,687 SF
Price / SF$93.04
Days on Market116
Property Features for 3019 Parkman Rd NW
General Information
Standard status
Active
Size
2,687 SF
Building Details
Year Built
1950
Listing Agency:
Brokers Realty Group
Listed By:
Melissa A Palmer · License #2006007885
(330) 727-0577
Source:
Theacclaimedrealty
Added: Jul 5
Changed: Oct 25
Last Checked: Oct 7 at 3:08PM
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 Brokers Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale warehouse property is located at 3019 Parkman Road NW in Warren, Ohio, within Trumbull County. The property’s directions are listed at the intersection of Parkman Rd (also known as Rt 422) and Anderson Anthony.
The information provided does not specify building size, layout details, or current improvements beyond the warehouse asset type. Interested parties should confirm all operational and physical characteristics directly with the seller or listing broker prior to underwriting.
The information provided does not specify building size, layout details, or current improvements beyond the warehouse asset type. Interested parties should confirm all operational and physical characteristics directly with the seller or listing broker prior to underwriting.
Key Highlights
- Warehouse for sale at the corner of Parkman Rd (Rt 422) and Anderson Anthony in Trumbull County
- Built in 1950
- Heating includes hot water, radiant, and steam
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,407
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,140
$268.1K
Cap Rate 7%
$191,529
$191.5K
Cap Rate 9%
$148,967
$149.0K
Market Conditions
NOI Build-Up for 2,687 SF
Gross rent
$17.2K $6.41/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$15.8K $5.87/SF
− OpEx
−$2.4K −$0.88/SF
NOI
$13.4K $4.99/SF
Area
Trumbull County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,140
Cap Rate 7%
$191,529
Cap Rate 9%
$148,967
Alternative Uses
Best Use
Warehouse
$191.5K
$167.6K – $223.5K
NOI $13,407 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.0K
$446.3K – $595.0K
NOI $35,701 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44481, OH
10,258
Population
4,743
Households
2.2
Avg Household Size
49
Median Age
14%
College-Educated
89%
High-School Grad
57.0 sq mi
ZIP Area
180
Density / Sq Mi
$63,285
Median Household Income
$39,597
Median Earnings
$738
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Affordable Storage Solutions — 1991 N Leavitt Rd NW, Warren, OH 44485
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse located at the corner of Parkman Rd and Anderson Anthony in Trumbull County.
Where is this warehouse located?
The property is located at 3019 Parkman Rd NW 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: Warehouse for sale at the corner of Parkman Rd (Rt 422) and Anderson Anthony in Trumbull County; Built in 1950; Heating includes hot water, radiant, and steam
