Warehouse
For Sale
$250,000
3019 Parkman Road NW, Warren, OH 44481
For-sale warehouse located at the corner of Parkman Rd and Anderson Anthony in Trumbull County.
Property Size2,687 SF
Days on Market40
Property Features for 3019 Parkman Road NW
General Information
Standard status
Active
Size
2,687 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$1,521
Amenities
Lockers, Lunchroom, MeetingRooms, OverheadDoors, PrivateRestrooms, ReceptionArea
Ceiling Fan(s)
Hot Water, Radiant, Steam
Storage
Garage, Gravel, Parking Lot
Building Details
Building Size
2,687 SF
Year Built
1950
Buildings
1
Listing Agency:
Partners 3 LLC
(330) 727-0577
Listed By:
Melissa A Palmer · License #2006007885
(330) 727-0577
Source:
Evrealestate
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 8 at 6:14AM
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 Partners 3 LLC
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 = 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
$13,407
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
5.36%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
201
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Road 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
