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Property profile & analytics
OFF-MARKET
Strip malls

231 Main SW Ave 239 Warren, OH 44481-1012

16,026 SF 1.06 ac lot Built 1968
Entity Owned 5-yr Hold Free & Clear
Property ID
US66-1285888
Property summary
AI-generated overview

This exceptional 16,000 square foot retail shopping center and storefront, located at 231 Main Ave SW in Warren, Ohio (44481), presents a lucrative investment opportunity. Boasting a total of 32,000 net rentable square feet across a single story building on a one-acre lot, the property is currently 100% occupied by a diverse mix of retail and service tenants. The asking price is $1,750,000, translating to $109.38 per square foot. Situated in the heart of downtown Warren, this plaza enjoys a highly visible location directly across from the courts, fire, and police stations, and just a short distance from the new Kimberly Clark $2 billion development. Extensive renovations completed between 2021 and 2022 encompassed a new roof, updated ceilings, and completely remodeled suites, including electrical and plumbing systems. The property benefits from a net lease structure, with tenants responsible for their own taxes and utilities. Two tenants are established long-term occupants, while others have recently signed new leases, ensuring consistent income and stability. This fully leased, prime retail location offers a compelling investment opportunity with strong tenant occupancy and recent capital improvements. The property's central location and proximity to major developments promise continued growth and high returns.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1968
Total area 16,026 SF
Lot 1.06 ac (46,174 SF)
APN 39-527835
UPID US66-1285888
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
  • Premium Pest Control Warren Garden Center
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Bull And Rhino Land Company LLC · 5 yrs held
Bull And Rhino Land Company LLC
since 2021
Last sale
$350,000
3 recorded transactions
2021
$350,000
2021
Price N/A
2014
$510,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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