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 Market442
Property Features for 661 Mahoning Ave Nw
General Information
Standard status
Active
Size
5,960 SF
Lot size
0.72 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 661 Mahoning Ave Nw
661 Mahoning Ave Nw
AVAILABLE, Now
Floor
Bldg
Size
5,960 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- Freestanding medical offices/children’s hospital with 9 exam rooms
- Extremely well maintained property
- Lots of parking
- Very clean and bright, recently updated
- Close to downtown Warren
Contact us
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Aug 8
Last Checked: Oct 12 at 10:55PM
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
Estimated NOI and Cap Rate
NOI / Yr
$57,609
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,180
$1.2M
Cap Rate 7%
$822,986
$823.0K
Cap Rate 9%
$640,100
$640.1K
Market Conditions
NOI Build-Up for 5,960 SF
Gross rent
$107.3K $18.00/SF
− Vacancy
−$11.3K −$1.89/SF
EGI
$96.0K $16.11/SF
− OpEx
−$38.4K −$6.44/SF
NOI
$57.6K $9.67/SF
Area
Trumbull County, OH
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,180
Cap Rate 7%
$822,986
Cap Rate 9%
$640,100
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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
