4205 East Market Street, Warren, OH 44484

Building Details

Year Built 1996 More

Buildings 1 More

Listing Agency: Edward J. Lewis

Listed By: Jim Grantz Show Phone

Source: Crexi

Added: Oct 1 Changed: Nov 9 Last Checked: Nov 9 at 1:54PM

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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 Edward J. Lewis

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This drugstore property includes an 11,201-square-foot building with a drive-through, constructed in 1996. The site encompasses 2.09 acres and has frontage on both East Market Street and North River Road NE.

The property is positioned at a traffic-light-controlled intersection in Warren, Ohio, with approximately 185 feet of frontage on East Market Street and 177 feet on North River Road NE.

Key Highlights

• 11,201‑square‑foot building with drive‑through
• 2.09‑acre site
• Approximately 185 feet of frontage on East Market Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,719

Cap Rate

4.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,414,380 $2.4M

Cap Rate 7%

$1,724,557 $1.7M

Cap Rate 9%

$1,341,322 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,201 SF

Gross rent

$168.0K $15.00/SF

− Vacancy

−$7.1K −$0.63/SF

EGI

$161.0K $14.37/SF

− OpEx

−$40.2K −$3.59/SF

NOI

$120.7K $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%

$2,414,380

Cap Rate 7%

$1,724,557

Cap Rate 9%

$1,341,322

Alternative Uses

Best Use

Specialty Retail

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,719 @ 7.0% cap · market cap 4.83%

Second Best

Retail

$1.55M

$1.35M – $1.80M (±1% cap)

NOI $108,164 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$2.13M

$1.86M – $2.48M (±1% cap)

NOI $148,821 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kevin L. Feicht, ... Pharmacy Rite Aid Pharmacy Pharmacy Brenton J. Cornwell, ... Pharmacy Beryll G. Hopkins, ... Pharmacy Rite Aid Pharmacy

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44484, OH

22,290

Population

9,929

Households

2.2

Avg Household Size

46

Median Age

26%

College-Educated

93%

High-School Grad

17.9 sq mi

ZIP Area

1,245

Density / Sq Mi

$65,435

Median Household Income

$42,490

Median Earnings

$840

Median Rent

$166,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Aaron Kovacik — 667 Eastland Ave SE, Warren, OH 444844503
• Kevin L. Feicht, RPh — 4205 E Market St, Warren, OH 44484
• Rite Aid Pharmacy — 4205 E Market St, Warren, OH 44484
• Shari Chambers — 4205 E Market St, Warren, OH 444842246
• Brenton J. Cornwell, PharmD — 4205 E Market St, Warren, OH 44484

Frequently Asked Questions

What type of property is this?

Drug store - A freestanding retail building offers a drive-through and frontage on two streets at a signalized intersection.

Where is this drug store located?

The property is located at 4205 East Market Street Warren, OH.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 11,201‑square‑foot building with drive‑through; 2.09‑acre site; Approximately 185 feet of frontage on East Market Street