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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
2400 Niles Cortland SE Rd Warren, OH 44484-3869
Trust Owned
12-yr Hold
Free & Clear
Property ID
US66-2123011
Property summary
AI-generated overview
This exceptional 1.2-acre commercial land parcel presents a remarkable redevelopment opportunity in Warren, Ohio. Strategically located at 2400 Niles Cortland Rd SE, 44484, on the highly visible SR 46 (Niles Cortland Rd) and Mines Rd intersection, this property boasts unparalleled access and visibility. Its prime location places it directly adjacent to a concentration of major retail establishments, including Bass Pro Shops, Meijer, and the expansive 1,600,000 square foot Eastwood Mall Complex. Other nearby businesses include Best Buy, Texas Roadhouse, Chick-fil-A, Aldi, Dillards, Five Guys, Chipotle, and Starbucks, ensuring high traffic counts and significant consumer footfall. The property is zoned for commercial use, providing flexibility for a wide range of development projects. The asking price for this exceptional opportunity is $1,300,000. This is a rare chance to acquire a substantial land parcel in a thriving retail corridor with exceptional potential for significant return on investment. Don't miss this chance to secure a piece of Warren's vibrant commercial landscape.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.61 ac (26,572 SF)
APN
28-018319
UPID
US66-2123011
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
-
Lawrence C. Chen, DDS, Inc. Dental Office
-
American Institute of Health Care Professionals Training Center
-
John J. Clendenin, DC Alternative Medicine Practice
-
Erica White Alternative Medicine Practice Spa & Massage Center
-
Dominick Flarey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Sarkos Family Trust · 12 yrs held
Sarkos Family Trust
since 2014
Last sale
$950,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Dec 20 2024)
Last sale anchor
$950k
Dec 20 2024
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
—
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
$2,987
Tax year 2023
Assessed value
$45,330
Assessed 2023
Previous assessed
$37,980
+19.4% YoY
Effective rate
6.59%
On assessed value
Assessed land
$43,930
Assessed improvement
$1,400
Land market value
$125,500
Improvement market value
$4,000
Total market value
$129,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.61 ac (26,572 SF)
APN
28-018319
UPID
US66-2123011
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
Sarkos Family Trust
Trust
Free & Clear · 12 yrs held
Mailing address
2288 CORNERSTONE DR, CORTLAND, OH 44410-2711
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2014
—
Sarkos Family Trust
Sarkos Marika M Trust
Quit Claim Deed
related
—
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.
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