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    2003 Parkman Rd Warren, OH 44485

    Sponsored
    For Sale
    $225,000

    High-traffic corner lot, 3,280 SF, redevelopment potential.

    Property size:
    3,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,280 square foot retail property, located at 2003 Parkman Rd NW in Warren, Ohio (Trumbull County, zip code 44485), presents a compelling redevelopment opportunity. The single-story, 1964-built building sits on a 0.287-acre lot and is zoned for commercial use. Currently vacant, the property features two 1640 square foot storerooms, offering flexibility for various uses. The asking price is $225,000, translating to $68.60 per square foot. The property's prime location on a busy corner with a traffic light provides excellent visibility and accessibility. Potential uses include retail, medical, office, or distribution. The property requires updates and renovations. A potential billboard lease may be included in the sale. The APN is 39-147700. This is an exceptional chance to acquire a well-situated property with significant upside potential.

    Property Features for 2003 Parkman Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,280 SF
    Lot Size
    12,502 SF

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.857451383141
    Latitude
    41.252906646542

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot, 3,280 SF, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 2003 Parkman Rd Warren, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    Request Owner's contact information
    2003 Parkman Rd Warren, OH 44485
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    Warren, OH 44485
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2003 Parkman Rd Warren, OH 44485
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