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    1560 Parkman Rd NW Warren, OH 44485
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    Property profile & analytics

    1560 Parkman Rd NW, Warren, OH 44485

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    • Outlet malls
    • 11,388 SF
    • 0.81 lot acres
    High-Traffic Corner Retail Opportunity For Sale
    $2,015,000
    11,267 SF

    High-Traffic Corner Retail Opportunity

    Former drug store suitable for retail, medical, or restaurant concepts.

    1560 Parkman Rd NW, Warren, OH 44485
    View Listing
    Property ID
    US66-2174772
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    4.7%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Rite Aid Pharmacy / Pharmacy
    • Rite Aid / Pharmacy
    • Amazon Locker - Aera / Courier Service / Postal Service
    • Lakshmi Padmanabhan / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1560 Parkman Rd NW

    Year built
    1999
    Lot size
    0.81 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    39-063912
    APU
    39063912

    Description

    This exceptional 11,267 square foot retail space, formerly occupied by Rite Aid, is available for lease in Warren, Ohio. Located at 1560 Parkman Rd NW, this single-tenant property boasts high visibility and excellent accessibility, situated on a sizable 1.53-acre lot. The building's substantial size offers ample opportunity for a variety of retail uses. The entire space is currently vacant, presenting a blank canvas for a new tenant to customize and develop. The property is situated in Trumbull County, Ohio, and benefits from its strategic location within the Warren community, offering convenient access to major roadways and a strong customer base. The address is 1560 Parkman Rd NW, Warren, OH 44485. This is a rare opportunity to secure a significant retail presence in a thriving market. The property's size and location make it ideal for a large-format retailer or a business requiring substantial space. The ample parking available on the 1.53-acre lot ensures convenient customer access. This property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire for further details and leasing information.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000
      ML approach
      $2,255,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,835,000
      6.5%
      $1,690,000
      7%
      $1,570,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,284,000
      Market price range: $277k - $1.28M
      AI Estimate
      $1,964,000
      Market price range: $445k - $1.96M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,220,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8425
    Latitude
    41.2447
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,641
    $123,480
    $287,770
    $411,250
    -
    $352,800
    $822,200
    $1,175,000
    View Listing
    More about this property
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