Freestanding Medical Office
For Sale
Contact for pricing
661 Mahoning Ave Nw, Warren, OH
Well-maintained medical office building with nine exam rooms for sale.
Property Size5,960 SF
Lot Size0.72 Acres
Price / SF$251.68
Days on Market367
Property Features for 661 Mahoning Ave Nw
General Information
Standard status
Active
Size
5,960 SF
Lot size
0.72 Acres
Property subtype
OFFICE
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:39AM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
This is a freestanding medical office building, previously used as a children’s hospital, featuring nine exam rooms. The property is extremely well maintained and has been recently updated, presenting a clean and bright interior. Ample parking is available. The property is located close to downtown Warren. The building has a size of 5,960 square feet.
Key Highlights
- Freestanding medical offices/children’s hospital with 9 exam rooms
- Extremely well maintained property**
- Lots of parking
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.3k | $18.00 |
| − Vacancy | −$11.3k | −$1.89 |
| EGI | $96.0k | $16.11 |
| − OpEx | −$38.4k | −$6.44 |
| NOI | $57.6k | $9.67 |
5,960 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$823.0K
$720.1K – $960.2K
NOI $57,609 @ 7.0% cap · market cap 3.84%
Second Best
Office B
$820.4K
$717.9K – $957.2K
NOI $57,430 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.13M
$989.8K – $1.32M
NOI $79,187 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office building with nine exam rooms for sale.
Where is this medical office space located?
The property is located at 661 Mahoning Ave Nw Warren, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding medical offices/children’s hospital with **9 exam rooms**; Extremely well maintained property**; Lots of parking
