Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Market St Warren, PA 16365
    Property profile & analytics

    Market St, Warren, PA 16365

    View on Map
    • Land
    • 1.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Market St

    Lot size
    1.04 lot acres
    Property type
    Land

    Description

    This exceptional 1.036-acre commercial pad site, located in the thriving Warren Commons shopping center, presents a unique ground lease opportunity. Situated on highly visible Route 62 (Market Street), this property boasts impressive traffic counts of 14,000 AADT, ensuring maximum exposure for your business. The site is strategically positioned amongst major national retailers including Walmart, Lowe's, Bob Evans, Burger King, Northwest Bank, and Taco Bell, guaranteeing a strong customer base and high foot traffic. The property is zoned commercial and designated as APN WN-545-294800 in Warren County. While some use restrictions apply, this versatile location is ideal for a variety of commercial ventures, such as restaurants, fast-food establishments, or office space. The landlord is open to build-to-suit options, providing flexibility and customization to meet your specific needs. The site's proximity to a state hospital further enhances its appeal and potential. This is a rare opportunity to establish a presence in a well-established, high-traffic commercial area serving a large regional population. Don't miss this chance to secure a prime location in Warren Commons.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Warren
    State
    Pennsylvania
    Longitude
    -79.1515
    Latitude
    41.8768

    Comparable in this City

    • Value Estimation by Request
      2.22 Acres

      Market St

      Land
      0 Market St, Warren, PA 16365
      View Details
    • Value Estimation by Request
      592 SF

      981 Cobham Park Rd

      COMMERCIAL (GENERAL)
      981 Cobham Park Rd, Warren, PA 16365-4423
      View Details
    • Value Estimation by Request
      5.77 Acres

      Motel Rd

      COMMERCIAL (GENERAL)
      Motel Rd, Warren, PA 16365
      View Details
    • Value Estimation
      $925,000
      32,056 SF

      1800 Pennsylvania W Ave

      COMMERCIAL (GENERAL)
      1800 Pennsylvania W Ave, Warren, PA 16365-1932
      View Details
    • Value Estimation
      $785,000
      27,182 SF

      21571 Grand Army Of The Republic Hwy

      COMMERCIAL (GENERAL)
      21571 Grand Army Of The Republic Hwy, Warren, PA 16365
      View Details
    • Value Estimation by Request
      240 SF

      1937 Hemlock Rd

      COMMERCIAL (GENERAL)
      1937 Hemlock Rd, Warren, PA 16365
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Warren, PA

      Land available for sale in Warren, Pennsylvania.
      471 Pa-69, Warren, PA 16365
      View Details
    • Contact for pricing

      Redevelopment Lot on Market Street

      Commercial redevelopment lot with high visibility and easy access.
      4115 Market St, Warren, PA 16365
      View Details
    • Contact for pricing

      Prime Pad Site in Warren

      1.036 acre pad site in Warren Commons for ground lease.
      360 Jackson Run Rd, Warren, PA 16365
      View Details
    • Contact for pricing

      Redevelopment Lot on Market Street

      Redevelopment lot with high visibility and multiple curb cuts.
      4115 Market St, Warren, PA 16365
      View Details
    • Contact for pricing

      Market St, Warren, PA 16365

      Commercial land
      Market St, Warren, PA 16365
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,992 SF

      Retail Space in Warren, PA

      Retail spaces available in a shopping center with national tenants.
      2765 Market St, Warren, PA 16365
      View Details
    • Contact for pricing

      Renovated Retail Space Available

      Renovated retail spaces in a demalled shopping center.
      4000 Market St, Warren, PA 16365
      View Details
    • Contact for pricing

      Industrial Buildings For Rent

      Two industrial buildings available for rent, 12,000± SF each.
      1308 Pennsylvania Ave W, Warren, PA 16365
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Warren Commons

      Retail spaces available in Warren, Pennsylvania, near Walmart.
      2809 Warren Cmns Dr, Warren, PA 16365
      View Details
    • Contact for pricing
      2,747 SF

      Retail Space in Downtown Warren

      Retail space available in a busy shopping center.
      40-60 Market St, Warren, PA 16365
      View Details
    • Contact for pricing
      44,000 SF

      Warren PA Industrial Facility

      44,000 SF industrial facility for lease in Warren, PA.
      42 Railcar Rd, Warren, PA 16365
      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.
    Market St
    Warren, PA 16365
    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

    Thank You for Inquiry
    Market St, Warren, PA, 16365
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!