Back to Search
Property profile & analytics
FOR LEASE
Grocery and convenience stores
2100 Niles Cortland Rd SE Warren, OH 44484
Entity Owned
Free & Clear
Property ID
US66-2101028
For Lease
1 / 2
Contact for pricing
2100 Niles Cortland Rd SE, Warren, OH 44484
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity is located within a high-traffic Meijer store in Warren, Ohio (Trumbull County, zip code 44484), at 2100 Niles Cortland Rd SE. The 1,046 square foot space offers a prime, front-of-store location providing unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept boasts a highly attractive all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. The space includes both interior and exterior signage opportunities for enhanced brand exposure. The property benefits from exceptional demographics within a thriving trade area. This location is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The space is part of a multiple-tenancy retail setting. This is a unique opportunity to establish your business in a well-known Midwest retail destination. The property is currently vacant.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2022
Total area
159,850 SF
Lot
11.29 ac (491,866 SF)
APN
28-901902
UPID
US66-2101028
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
-
Ohio BMV Express Kiosk Department Of Motor Vehicles Kiosk
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
-
Primo Water Refill Big Box & Wholesale Store
-
Primo Water Exchange Big Box & Wholesale Store
-
Sears Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.07M
Blend (final)
Blend
$11.72M
Owner & transaction history
HOWLAND COMMONS LLC
HOWLAND COMMONS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.1M
+87.7%
Commercial (general)
$16.5M
+80.5%
Restaurant
$12.7M
+39.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,115,000
Current use
MEDICAL BUILDING
$17,115,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,455,000
Change: +81% · Conversion: Easy
RESTAURANT
$12,710,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,765,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$9,645,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,805,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,660,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.72M
Range $10.55M – $12.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$213,927
Tax year 2023
Assessed value
$3,246,010
Assessed 2023
Previous assessed
$694,680
+367.3% YoY
Effective rate
6.59%
On assessed value
Assessed land
$575,230
Assessed improvement
$2,670,780
Land market value
$1,643,500
Improvement market value
$7,630,800
Total market value
$9,274,300
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2022
Heating
NONE
Buildings
2
Stories
1
Total area
159,850 SF
Lot
11.29 ac (491,866 SF)
APN
28-901902
UPID
US66-2101028
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$16.5M
RESTAURANT
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$11.8M
OFFICE BUILDING
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$7.7M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
1
Buildings
2
Lot
11.29 ac
Current owner
From public records · entity-resolved
HOWLAND COMMONS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 586, ANNANDALE, NJ 08801-0586
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
