Mixed-Use Property with Income
For Sale
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3050 Elm Rd NE, Warren, OH 44483
Retail/office building with mobile home pads and self-storage units.
Property Size4,464 SF
Price / SF$151.21
Days on Market832
Property Features for 3050 Elm Rd NE
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Mixed Use, Mobile Home Park, Office, Retail, Self Storage
Zoning
CB
Listing Agency:
Platz Realty Group
Listed By:
Matthew Wilson · License #OH
Source:
Crexi
Added: Apr 30, 2024
Changed: Aug 8
Last Checked: May 12 at 9:32PM
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 mixed-use property on Elm Road features a retail and office building, six mobile home pads, and two self-storage buildings located in the rear. The property benefits from building and pylon signage opportunities for tenants, as well as front door parking. The building has a low vacancy rate and is situated in an area with high traffic counts. The property size is 4464 square feet.
Key Highlights
- Low vacancy retail/office building
- High traffic counts on Elm Rd
- 6 mobile home pads included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,880
$883.9K
Cap Rate 7%
$631,343
$631.3K
Cap Rate 9%
$491,044
$491.0K
Market Conditions
NOI Build-Up for 4,464 SF
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.
Gross rent
$80.4K $18.00/SF
− Vacancy
−$9.6K −$2.16/SF
EGI
$70.7K $15.84/SF
− OpEx
−$26.5K −$5.94/SF
NOI
$44.2K $9.90/SF
Area
Trumbull County, OH
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,880
Cap Rate 7%
$631,343
Cap Rate 9%
$491,044
Alternative Uses
Best Use
Mixed Use
$631.3K
$552.4K – $736.6K
NOI $44,194 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$615.8K
$538.8K – $718.5K
NOI $43,107 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$847.3K
$741.4K – $988.5K
NOI $59,310 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail/office building with mobile home pads and self-storage units.
Where is this mixed-use property located?
The property is located at 3050 Elm Rd NE Warren, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Low vacancy retail/office building; High traffic counts on Elm Rd; 6 mobile home pads included
