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Property profile & analytics
OFF-MARKET Estimated value $1,395,000
Medical Office Space

1950 Niles Cortland NE Rd Warren, OH 44484-1077

9,600 SF 2.73 ac lot Built 1999
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1976093
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Total area 9,600 SF
Lot 2.73 ac (118,919 SF)
APN 28-098201
UPID US66-1976093
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.43M
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.40M
Owner & transaction history
L3 Group Ltd · 7 yrs held
L3 Group Ltd
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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