Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1621 Market St Warren, OH 44483-6617

    • Office buildings
    • 4,795 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2374855
    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.

    Current Use by Public Records

    • Hanna Dina MD / Pain Management Physician / Anesthesiologist
    • Cyril Pain Clinic / Pain Management Physician
    • Andrews George N MD / Pain Management Physician / Anesthesiologist

    Property Details for 1621 Market St

    Year built
    1956
    Lot size
    0.16 lot acres
    Property size
    4,795 SF
    Property type
    Office buildings
    APN
    38-861100
    APU
    38861100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7962
    Latitude
    41.2368
    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
    $5,193
    $5,850
    $74,310
    $80,160
    -
    $16,700
    $212,300
    $229,000

    Comparable in this City

    • Value Estimation
      $515,000
      5,100 SF

      580 Laird NE Ave

      OFFICE BUILDING • 5,100 SF
      580 Laird NE Ave, Warren, OH 44483
      View Details
    • Value Estimation by Request
      2,820 SF

      720 Park Ave

      OFFICE BUILDING • 2,820 SF
      720 Park Ave, Warren, OH 44483-4821
      View Details
    • Value Estimation by Request
      2,148 SF

      771 Niles SE Rd

      OFFICE BUILDING • 2,148 SF
      771 Niles SE Rd, Warren, OH 44483-5950
      View Details
    • Value Estimation by Request
      2,201 SF

      405 Bronze NE Rd

      OFFICE BUILDING • 2,201 SF
      405 Bronze NE Rd, Warren, OH 44483-2719
      View Details
    • Value Estimation by Request
      2,016 SF

      808 Park Ave

      OFFICE BUILDING • 2,016 SF
      808 Park Ave, Warren, OH 44483-4823
      View Details
    • Value Estimation
      $530,000
      4,660 SF

      518 Perkins Jones NE Rd

      OFFICE BUILDING • 4,660 SF
      518 Perkins Jones NE Rd, Warren, OH 44483-1849
      View Details

    Similar Nearby for Sale

    • $595,000

      East Market Street Live/Work

      Prime Medical Office Space, $595,000
      2614 Market St, Warren, OH 44483
      View Details
    • $324,900
      0.90 Acres

      Versatile Commercial Building on High-Traffic Corridor

      3,288 sq ft commercial building on 0.9 acres.
      4922 Mahoning Ave NW, Warren, OH 44483
      View Details
    • $675,000
      4,464 SF

      Warren Shopping Center Investment

      High-Traffic Retail & Mobile Home Park
      3050 Elm Rd, Warren, OH 44483
      View Details
    • $1,500,000
      5,960 SF

      Freestanding Medical Office Building

      Well-maintained medical office building with nine exam rooms for sale.
      661 Mahoning Ave Nw, Warren, OH 44483
      View Details
    • New
      $109,900
      2,446 SF

      Versatile Office Building For Sale

      2,446 SF building suitable for office or medical use.
      1542 Woodland St NE, Warren, OH 44483
      View Details
    • Contact for pricing
      0.20 Acres

      Residential Land in Warren, Ohio

      Buildable residential land suitable for home construction or recreational use.
      436 Idylwild St, Warren, OH 44483
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      19,440 SF

      Prime Warren Office/Retail Space

      1,200 SF+ Executive Suites Available
      1791 Elm Rd, Warren, OH 44483
      View Details
    • $2,750 /Mo
      435,600 SF

      Downtown Warren Versatile Commercial Space

      Versatile commercial space in downtown Warren, suitable for various businesses.
      145 W Market St, Warren, OH 44483
      View Details
    • $8 SF/Yr
      6,996 SF

      Turnkey Medical Facility For Rent

      Turnkey medical facility near Mercy Hospital and Kent State Trumbull.
      4554 Mahoning Ave NW, Warren, OH 44483
      View Details
    • $10 SF/Yr
      4,974 SF

      Warren Medical Office Space For Lease

      Prime medical office suites available in Warren, Ohio.
      1700 Market St, Warren, OH 44483
      View Details
    • $11 SF/Yr
      1,540 SF

      Warren Class A Office Space

      Class A office space in Warren's Central Business District.
      200 Chestnut Ave NE, Warren, OH 44483
      View Details
    • Contact for pricing

      Land for Lease in Champion

      0.6 acres of land for lease with highway access.
      4705 Mahoning Ave NW, Warren, OH 44483
      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.
    1621 Market St
    Warren, OH 44483-6617
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.