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    4000 Market St Warren, PA 16365

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    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Units Available

    Lot size:
    235,800 SF

    Property Features for 4000 Market St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    235,800 SF
    Total Rate
    117900

    Building Details

    Year Renovated
    2018
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 4000 Market St, Warren, PA 16365 Contact us
    Unit Available Space 2

    $8 /Mo

    Size
    7,339 SF
    Contact us
    Unit Available Space 4

    $8 /Mo

    Size
    59,423 SF
    Contact us
    Unit Available Suite 2

    $12 /Mo

    Size
    1,306 SF
    Contact us
    Unit Available Space 3

    $6 /Mo

    Size
    50,000 SF
    Contact us

    We can help!

    Listing Contact
    Kelly Cocca

    Listing Agency: Cocca Development, Ltd Listing Agent: Kelly Cocca

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 235,800 square foot retail center in Warren, PA, presents a unique investment opportunity. Completely renovated in 2018, this former mall has been successfully "demalled," featuring 13 individual storefronts with ample parking. The property boasts a total of 118,068 square feet of vacant space, divisible into units ranging from a minimum of 1,300 square feet to a maximum contiguous space of 82,754 square feet. The flexible layout allows for customization to suit various tenant needs, with the possibility of combining units to create larger spaces. Current tenants include a diverse mix of established businesses, demonstrating strong market demand. The property features prominent tenant signage opportunities and a large, easily accessible parking lot. Three outparcels are also available for development, offering additional potential for expansion or complementary businesses. The single-story building offers convenient access and high visibility from Hatch Run Road and its cross street. This is an ideal location for retailers seeking high-traffic exposure and a strong tenant base in a revitalized retail environment. The property's modern design and flexible space options make it an attractive proposition for a variety of businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunham's Sports (Bike/Boat/Book/etc) Store Ollie's Bargain Outlet Discount Store Target Restaurant Warren Centre Business Service Center Napoli Pizza & Restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Food Market Storage Facility Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Warren
    State
    Pennsylvania
    Longitude
    -79.1474452
    Latitude
    41.8975165

    Nearby Similar for Lease

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      2,784 SF

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      Retail Space in Warren Commons

      Retail spaces available in Warren, Pennsylvania, near Walmart.
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      3,992 SF

      Retail Space in Warren, PA

      Retail spaces available in a shopping center with national tenants.
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    • $34 SF/Yr
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      46,457 SF

      Market Street Retail Center

      Warren, PA: Three Retail Spaces Available
      2759-2775 Market St, Warren, PA 16365
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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Multiple Units Available
    Where is this retail property located?
    The property is located at 4000 Market St Warren, PA.
    What is the lease rate?
    The lease rate is $6-$12 SF/Yr.
    What are key features of this property?
    This property features: Ample parking available.; Multiple storefronts available, totaling 235,800 square feet.; Spaces divisible from 1,300 to 82,754 square feet.
    Request Owner's contact information
    4000 Market St Warren, PA 16365
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    Warren, PA 16365
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    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
    4000 Market St Warren, PA 16365
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    Contact for Pricing
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    and status of this listing
    Kelly Cocca
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