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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1950 Niles Cortland NE Rd Warren, OH 44484-1077

    • Medical offices
    • 9,600 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1976093
    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

    • King Steven a MD / Physician
    • Mercy Health - Howland Plastic and Reconstructive Surgery / Physician / Medical Clinic
    • Mercy Health — Howland Sleep Medicine / Medical Clinic
    • Mercy Health - Howland Urgent Care / Medical Clinic
    • Dr. Gary Kraker / Pediatrician / Physician

    Property Details for 1950 Niles Cortland NE Rd

    Year built
    1999
    Lot size
    2.73 lot acres
    Property size
    9,600 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    28-098201
    APU
    28098201

    Description

    This exceptional 4,000 square foot office space, located in Trumbull County at 1950 Niles Cortland Road, presents a unique opportunity for medical or traditional office users. The entire building is currently vacant and available for lease as a single unit. Situated in a high-profile location with attractive landscaping, the property enjoys excellent visibility and accessibility. Its proximity to Mercy Health ensures high traffic and a desirable location for medical practices. The building itself is exceptionally well-maintained, presenting a professional and inviting atmosphere for clients and staff. High-exposure signage on SR 46 provides significant marketing opportunities. Ample parking is available for tenants and visitors, ensuring convenience and ease of access. The space is ideal for a single tenant seeking a substantial, well-appointed office environment in a prime location. The property's features make it an attractive option for businesses seeking a high-visibility presence in a thriving area. The building's excellent condition and convenient amenities combine to create a truly exceptional commercial opportunity. This is a turnkey solution for a business looking to establish or expand its operations in a desirable location with strong visibility and ample parking. The 4,000 square foot space offers flexibility for various office configurations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,545,000
      6.5%
      $1,430,000
      7%
      $1,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,416,000
      Market price range: $662k - $1.42M
      AI Estimate
      $1,337,000
      Market price range: $649k - $1.34M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,030,000
      Current use
      COMMERCIAL (GENERAL)
      $990,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.74
    Latitude
    41.2651
    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
    $51,541
    $89,010
    $693,040
    $782,050
    -
    $254,300
    $1,980,100
    $2,234,400

    Comparable in this City

    • Value Estimation by Request
      1,208 SF

      1457 Central Pkwy SE Ave

      MEDICAL BUILDING • 1,208 SF
      1457 Central Pkwy SE Ave, Warren, OH 44484-4458
      View Details
    • Value Estimation
      $790,000
      1,432 SF

      321 Niles Cortland NE Rd

      MEDICAL BUILDING • 1,432 SF
      321 Niles Cortland NE Rd, Warren, OH 44484-1974
      View Details
    • Value Estimation
      $920,000
      9,048 SF

      628 Niles Cortland Rd Ses

      MEDICAL BUILDING • 9,048 SF
      628 Niles Cortland Rd Ses, Warren, OH 44484-2473
      View Details
    • Value Estimation
      $7,955,000
      9,924 SF

      2223 Niles Cortland SE Rd

      MEDICAL BUILDING • 9,924 SF
      2223 Niles Cortland SE Rd, Warren, OH 44484-3043
      View Details
    • Value Estimation by Request
      2,800 SF

      140 Highland Ter Blvd, Unit C

      MEDICAL BUILDING • 2,800 SF
      140 Highland Ter Blvd, Warren, OH 44484-3074
      View Details
    • Value Estimation by Request
      1,493 SF

      1706 Nn SE Rd

      MEDICAL BUILDING • 1,493 SF
      1706 Nn SE Rd, Warren, OH 44484-2907
      View Details

    Similar Nearby for Sale

    • $525,000
      4,019 SF

      East Market Street Office Building

      Office building with renovated suite and dental infrastructure.
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      View Details
    • $349,900
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      953 Niles Cortland Rd, Warren, OH 44484

      Office Properties & Spaces • 1.75 Acres
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    • $399,000
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      Remodeled Office Building on SR46

      Remodeled commercial office building in prime location with flexible terms.
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    • $129,900
      1.10 Acres

      Prime Warren, OH Development Land

      1.1-acre commercial lot, high traffic
      512 Niles Cortland Rd, Warren, OH 44484
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    • $60,000
      1.50 Acres

      Land Parcel in Warren, OH

      1.51 acre land parcel suitable for residential development.
      4260 N River Rd NE, Warren, OH 44484
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    • Contact for pricing
      11,201 SF

      Redevelopment Opportunity in Warren, Ohio

      Vacant former Rite Aid for redevelopment or owner-user.
      4205 E Market St, Warren, OH 44484
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,026 SF

      Warren OH Office Space for Lease

      Prime Office Space: 2,826 sq ft Available
      4087 Youngstown Rd, Warren, OH 44484
      View Details
    • $7 SF/Yr
      1,590 SF

      Medical Office Spaces Available

      Multi-tenant building with medical office spaces for rent.
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      View Details
    • $12 SF/Yr
      800 SF

      Versatile Space in Howland District

      Office, medical, and retail spaces available for rent.
      8720 E Market St, Warren, OH 44484
      View Details
    • Contact for pricing
      650 SF

      Office Space in Central Howland

      Office space available at the intersection of Niles Cortland Road.
      8200-8264 E Market St, Warren, OH 44484
      View Details
    • $13 SF/Yr
      375 SF

      Office Space in Howland Square

      Office space for rent in the Howland Commercial District.
      8001-8031 E Market St, Warren, OH 44484
      View Details
    • Contact for pricing
      3,500 SF

      Proposed Multi-Tenant Office Buildings

      Proposed office buildings near Eastwood Mall and major retailers.
      2169 Niles Cortland Rd SE, Warren, OH 44484
      View Details
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    Warren, OH 44484-1077
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    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
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