Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2505 Parkman Rd Warren, OH 44485

    • Neighborhood centers
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 2505 Parkman Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Trumbull Plaza in Warren, Ohio offers exceptional retail opportunities. This vibrant shopping center boasts a prime location on State Route 422, benefiting from high visibility and accessibility. The center is anchored by Rural King (coming soon), Dollar Tree, Sparkle Market, Metro by T-Mobile, and Little Caesar's Pizza, ensuring a strong customer base. Available spaces cater to a variety of needs, ranging from smaller inline units starting at 720 square feet, ideal for smaller businesses, to larger contiguous spaces reaching up to 12,900 square feet, perfect for expansion or flagship locations. For businesses seeking greater independence, a 0.85-acre outlot is also available, providing ample space for development. The property benefits from a large pylon sign on State Route 422, providing excellent brand visibility. With over 57,000 people residing within a 5-mile radius, Trumbull Plaza presents a significant market opportunity for businesses seeking a thriving retail environment. The flexible space options and strong tenant mix make this an ideal location for a variety of retail concepts. Contact us today to learn more about the available spaces and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8547
    Latitude
    41.2516

    Comparable in this City

    • Value Estimation by Request
      180,488 SF

      2587 Parkman Rd

      Lifestyle centers • 180,488 SF
      2587 Parkman Rd, Warren, OH 44485
      View Details
    • Value Estimation by Request
      3.00 Acres

      Enterprise Dr

      Land • 3.00 Acres
      0 Enterprise Dr, Warren, OH 44485
      View Details
    • Value Estimation by Request
      2.87 Acres

      Parkman Rd

      Land • 2.87 Acres
      0 Parkman Rd, Warren, OH 44485
      View Details
    • Value Estimation by Request
      0.08 Acres

      Main

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      Main, Warren, OH 44485
      View Details
    • Value Estimation by Request
      0.10 Acres

      2875 Market St

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      2875 Market St, Warren, OH 44485-3064
      View Details
    • Value Estimation by Request
      2,628 SF

      1914 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,628 SF
      1914 Market St, Warren, OH 44485-2643
      View Details

    Similar Nearby for Sale

    • $3,900,000
      180,488 SF

      Warren, OH Shopping Center

      High-Yield Retail Investment Opportunity
      2587 Parkman Rd, Warren, OH 44485
      View Details
    • Contact for pricing
      0.85 Acres

      Warren, OH Retail Outlot Opportunity

      High-traffic retail land, flexible space.
      2485 Parkman Rd, Warren, OH 44485
      View Details
    • Contact for pricing
      3,280 SF

      Retail Property in Warren, OH

      Retail property with 3,280 square feet available for sale.
      2001-2003 Parkman Rd NW, Warren, OH 44485
      View Details
    • Contact for pricing
      180,488 SF

      Value-Add Shopping Center Opportunity

      180,488 SF shopping center with value-add potential.
      2553-2587 Parkman Rd NW, Warren, OH 44485
      View Details
    • $99,000
      2.87 Acres

      Warren Commercial Land - $99K

      2.87 Acres, High-Traffic Location
      0 Parkman Rd, Warren, OH 44485
      View Details
    • Contact for pricing
      3.00 Acres

      Warren, OH Commercial Land for Sale

      Manufacturing Land, Estate Sale, Subdividable
      0 Enterprise Dr, Warren, OH 44485
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,662 SF

      Trumbull Plaza Retail Spaces Available

      High-traffic retail spaces, Warren, OH.
      2505 Parkman Rd, Warren, OH 44485
      View Details
    • Contact for pricing
      1,600 SF

      Retail Building with Expansion Potential

      Retail property in Warren, Ohio, with long-term tenant and available space.
      1444 Parkman Rd NW, Warren, OH 44485
      View Details
    • $11 SF/Yr
      840 SF

      Warren Office Space: 840 sq ft

      Prime Warren medical/general office space.
      2760 Parkman Rd, Warren, OH 44485
      View Details
    • $3 SF/Yr
      7,560 SF

      Warren, OH Industrial Flex Space

      7,560 SF Flex/Warehouse, Single Tenant
      1820 Highland Ave, Warren, OH 44485
      View Details
    Request Owner's contact information
    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.
    2505 Parkman Rd
    Warren, OH 44485
    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
    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

    Google sign-in failed. Please try again or use another login method.