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Property profile & analytics
FOR SALE
Outlet malls

1560 Parkman Rd NW Warren, OH 44485

11,388 SF 0.81 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-2174772
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1999
Total area 11,388 SF
Lot 0.81 ac (35,284 SF)
APN 39-063912
UPID US66-2174772
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
  • Rite Aid Pharmacy Pharmacy
  • Rite Aid Pharmacy
  • Amazon Locker - Aera Courier Service Postal Service
  • Lakshmi Padmanabhan Pharmacy
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.26M
CAP Approach CAP
$1.69M
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$2.02M
Owner & transaction history
Alpaq Enterprises LLC · 4 yrs held
Alpaq Enterprises LLC
since 2021
Last sale
$1.9M
4 recorded transactions
2021
Price N/A
2021
$1.6M
2010
Price N/A
2004
$3.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.2M +87.7%
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