Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3050 Elm Rd Warren, OH 44483

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-Traffic Retail & Mobile Home Park

    Property size:
    4,464 SF

    Property Features for 3050 Elm Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,464 SF

    Building Details

    Units
    4

    We can help!

    Listing Contact
    Matthew Wilson
    Matthew Wilson

    Listing Agency: Platz Realty Group Listing Agent: Matthew Wilson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional mixed-use property in Warren, Ohio, presents a unique investment opportunity. Located at 3050 Elm Rd NE, this 4,464 square foot shopping center boasts 4 units and 6 mobile home pads, complemented by two self-storage buildings. The property features a desirable location with high traffic counts, ensuring strong visibility and potential for increased revenue. The building offers ample front door parking for customer convenience and prominent pylon and building signage for tenants. With a total of 4,664 net rentable square feet, the asking price is $675,000, translating to $151.21 per square foot. This versatile property is ideal for investors seeking a diversified portfolio with strong rental income potential from retail, office, and mobile home spaces. The property's strategic location and diverse income streams make it an attractive investment prospect in a thriving market. The combination of retail/office space and the mobile home park provides a unique and potentially lucrative investment opportunity. The self-storage units add further diversification to the income stream. This property offers a compelling blend of established income and future growth potential. The property is situated in Trumbull County, Ohio, with a zip code of 44483.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Daprile Insurance Group, ... Insurance Agency Olympus Chiropractic and Wellness ... Alternative Medicine Practice Apprisen Charitable Organization Dr. Michael C. ... Alternative Medicine Practice IFW Consulting Llc Engineering Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7830503
    Latitude
    41.2624354

    Nearby Similar for Sale

    • $399,000
      1,500 SF

      Remodeled Office Building on SR46

      Remodeled commercial office building in prime location with flexible terms.
      953 Niles Cortland Rd SE, Warren, OH 44484
      View Details
    • $109,900
      2,446 SF

      Versatile Office Building For Sale

      2,446 SF building suitable for office or medical use.
      1542 Woodland St NE, Warren, OH 44483
      View Details
    • $279,000
      0.34 Acres

      Retail Property in Warren, OH

      Retail property for sale in Warren, Ohio.
      1214 E Market St, Warren, OH 44483
      View Details
    • New
      $132,000
      Pending

      Versatile Duplex or Single Family

      Warren duplex with potential for single-family conversion.
      244 Adelaide Ave SE, Warren, OH 44483
      View Details
    • $200,000
      2,320 SF

      Warren OH Ranch Duplex

      Fully occupied ranch duplex in Champion Township near amenities.
      5546 Shaffer Rd NW unit A & B, Warren, OH 44481
      View Details
    • $139,900
      2,052 SF

      Renovated Duplex in Warren, OH

      Completely renovated up/down duplex near downtown and retail stores.
      838 Woodbine Ave SE, Warren, OH 44484
      View Details
    • $165,000
      Pending

      Fully Rented Warren Fourplex

      Income-producing fourplex in Warren, Ohio, fully rented.
      257 Washington St NW, Warren, OH 44483
      View Details
    • $214,900
      4,330 SF

      Historic Mixed-Use Building in Warren

      Charming tri-level building in downtown Warren, suitable for residential/commercial use.
      258 Seneca Ave NE, Warren, OH 44481
      View Details
    • $199,900
      Pending

      Warren Duplex: Income Potential

      Well-maintained duplex in Warren, Ohio, offering multiple income opportunities.
      427 Butler Rd NE, Warren, OH 44483
      View Details
    • $229,900
      2,060 SF

      All-Brick Warren Duplex Residence

      Turn-key duplex in a desirable neighborhood with flexible living spaces.
      676 Central Parkway Ave SE, Warren, OH 44484
      View Details
    • $279,000
      4,656 SF

      Mixed-Use Property in Downtown Warren

      Dual-zoned commercial/residential property with flexible layout and high visibility.
      1214 E Market St, Warren, OH 44483
      View Details
    • $34,000
      0.28 Acres

      Two Homes on One Lot

      Two houses on one lot, great investment opportunity!
      322-324 North Rd NW, Warren, OH 44483
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-Traffic Retail & Mobile Home Park
    Where is this lifestyle center located?
    The property is located at 3050 Elm Rd 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: $675,000 asking price for this mixed-use property.; 4,664 square feet of net rentable space in a 4,464 square foot building.; $151.21 price per square foot.
    (330) 757-4889 Call to check price and availability
    Request Owner's contact information
    3050 Elm Rd Warren, OH 44483
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3050 Elm Rd
    Warren, OH 44483
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3050 Elm Rd Warren, OH 44483
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Wilson
    Matthew Wilson
    (330) 757-4889 (330) 347-9677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!