Freestanding Industrial
For Sale
$399,000
400 Folsom St NW, Warren, OH 44483
Masonry warehouse with office space, drive-in loading, and substantial land for outdoor operational needs.
Property Size5,192 SF
Lot Size2.52 Acres
Price / SF$76.85
Days on Market48
Property Features for 400 Folsom St NW
General Information
Standard status
Active
Size
5,192 SF
Class
C
Total Parking Spaces
4
Lot size
2.52 Acres
Property subtype
industrial
Zoning
Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Clear Span
Yes
Office Build-Out
750 SF
Drive-In Doors
5
Building Details
Year Built
1974
Construction
masonry
Listing Agency:
Cleveland
(216) 861-7171
Listed By:
Joe Messina · License #SAL.2001003163
(216) 937-4386
Source:
Property.jll
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:40AM
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 Cleveland
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Investment Insights
Based on property information with market context.
This freestanding industrial warehouse at 400 Folsom St NW includes clear-span space within a masonry building constructed in 1974. The property has approximately 750 SF of office area with HVAC, a 14-foot clear height, and five drive-in doors. Two bays provide drive-through access, supporting loading and vehicle circulation. Approximately four car parking spots are also provided.
The site encompasses approximately 2.52 acres and offers room for trailer storage, equipment staging, outdoor storage, and fleet parking. Zoned Industrial, the property is positioned in Warren, Ohio, with immediate access to State Route 82. The combination of enclosed warehouse space, administrative area, multiple drive-in openings, and excess land accommodates industrial, service, storage, distribution, and contractor-oriented operations.
The site encompasses approximately 2.52 acres and offers room for trailer storage, equipment staging, outdoor storage, and fleet parking. Zoned Industrial, the property is positioned in Warren, Ohio, with immediate access to State Route 82. The combination of enclosed warehouse space, administrative area, multiple drive-in openings, and excess land accommodates industrial, service, storage, distribution, and contractor-oriented operations.
Key Highlights
- Approximately 2.52 acres with room for trailer storage and outdoor operations
- 5 drive‑in doors, including 2 bays with drive‑through access
- 14’ clear height within a clear‑span warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,907
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,140
$518.1K
Cap Rate 7%
$370,100
$370.1K
Cap Rate 9%
$287,856
$287.9K
Market Conditions
NOI Build-Up for 5,192 SF
Gross rent
$33.3K $6.41/SF
− Vacancy
−$2.8K −$0.54/SF
EGI
$30.5K $5.87/SF
− OpEx
−$4.6K −$0.88/SF
NOI
$25.9K $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%
$518,140
Cap Rate 7%
$370,100
Cap Rate 9%
$287,856
Alternative Uses
Best Use
Warehouse
$370.1K
$323.8K – $431.8K
NOI $25,907 @ 7.0% cap · market cap 6.49%
Second Best
Industrial
$304.8K
$266.7K – $355.6K
NOI $21,335 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$985.5K
$862.3K – $1.15M
NOI $68,983 @ 7.0% cap · market cap 17.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Affordable Storage Solutions — 244 Folsom St NW, Warren, OH 44483
- Blue Star Mini Storage — 141 Republic Ave, Warren, OH 44483
Frequently Asked Questions
What type of property is this?
Warehouse - Masonry warehouse with office space, drive-in loading, and substantial land for outdoor operational needs.
Where is this warehouse located?
The property is located at 400 Folsom St NW Warren, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 2.52 acres with room for trailer storage and outdoor operations; 5 drive‑in doors, including 2 bays with drive‑through access; 14’ clear height within a clear‑span warehouse
