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Property profile & analytics
OFF-MARKET
Strip malls
1121 Niles Cortland SE Rd Warren, OH 44484-2542
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2374856
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
WOOD FRAME
Total area
8,190 SF
Lot
0.7 ac (30,609 SF)
APN
28-029010
UPID
US66-2374856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Randall S. DelBene, D.D.S. Dental Office
-
Delbene Randall S DDS Dental Office
-
Gordon Noakes Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tld 2 Ltd · 8 yrs held
Tld 2 Ltd
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,702
Tax year 2023
Assessed value
$238,250
Assessed 2023
Previous assessed
$225,270
+5.8% YoY
Effective rate
6.59%
On assessed value
Assessed land
$75,010
Assessed improvement
$163,240
Land market value
$214,300
Improvement market value
$466,400
Total market value
$680,700
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
8,190 SF
Lot
0.7 ac (30,609 SF)
APN
28-029010
UPID
US66-2374856
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Tld 2 Ltd
Individual
Mailing address
2915 WARREN AVE, MC DONALD, OH 44437-1406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2018
—
Tld 2 Ltd
—
Grant Deed
related
$1,500,000 · Cortland Svgs & Bkng
Dec 18, 2012
—
Tld 2 Ltd
—
Deed Of Trust
related
$2,050,000 · Cortland Savings Bank
—
—
Tld 2 Ltd
—
Deed Of Trust
related
$3,500,000 · Cortland Svgs & Bkng
—
—
Tld 2 Ltd
—
Deed Of Trust
related
$600,000 · Huntington National Bank
—
—
Tld 2 Ltd
—
Deed Of Trust
related
$500,000 · Cortland Savings Bank
—
—
Tld 2 Ltd
—
Deed Of Trust
related
$670,000 · Huntington National Bank
—
—
Tld 2 Ltd
—
Deed Of Trust
related
$250,000 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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