1871 Henn Pkwy Warren, OH 44481
- Office buildings
- 53,360 SF
- 14.99 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1871 Henn Pkwy
- Year built
- 2006
- Lot size
- 14.99 lot acres
- Property size
- 53,360 SF
- Property type
- Office buildings
- APN
- 45-904158
- APU
- 45904158
Description
This exceptional 53,360 square foot flex/warehouse building in Warren, Ohio, presents a unique investment opportunity. Located on a 15-acre lot, the property boasts 30-foot ceilings, six loading docks, and a 480V 3ph 2000A electrical service. Built in 2007 for vinyl extrusion, the fully sprinklered building is designed for efficient heat dissipation and features 8-12 inch thick floors. Its strategic location immediately adjacent to two high-capacity natural gas turbine power plants (Lordstown Energy Center and the soon-to-be-operational Trumbull Energy Center) offers unparalleled access to a 345 KVa transmission line, ideal for a data center or other high-power applications. The property currently generates substantial rental income from a construction company leasing the space until early 2026. This provides a buyer with immediate cash flow while allowing ample time to plan and execute future development. The substantial acreage allows for expansion, with enough space to construct an additional 50,000+ square foot building. The property also benefits from abundant municipal water and sewer services, making it exceptionally well-suited for a variety of industrial uses, including a data center. The asking price is $7,500,000, representing a price per square foot of $140.55. This is a rare opportunity to acquire a high-power industrial property with significant upside potential in a rapidly developing area. The buyer can leverage the existing lease income, secure access to high-capacity power, and potentially collaborate with the current tenant on future building expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,225,000
- 6.5%
- $1,095,000
- 7%
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,030,000
- Geo Method
- $1,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $1,205,000
- Mixed-Use
- $1,140,000
- Hospitality
- $1,280,000
- Educational
- $1,135,000
- Residential Income
- $950,000
- Energy
- $1,180,000
- Income-Based Land
- $960,000
- Food Service
- $1,255,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.8491
- Latitude
- 41.1481
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
