Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    248 Niles Cortland NE Rd Warren, OH 44484-1938

    • Medical offices
    • 1,968 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2021
    $173,347
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2826995
    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

    • Scott M Billy DPM / Physician
    • Thomas M. Pokabla, DPM / Physician
    • Foot Care Services / Physician
    • Bradley Jennings / Physician

    Property Details for 248 Niles Cortland NE Rd

    Year built
    1933
    Construction
    WOOD FRAME
    Lot size
    0.94 lot acres
    Property size
    1,968 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    28-485115
    APU
    28485115

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7398
    Latitude
    41.2403
    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
    $4,213
    $26,850
    $37,070
    $63,920
    -
    $76,700
    $105,900
    $182,600

    Comparable in this City

    • Value Estimation by Request
      2,222 SF

      8501 Market St

      MEDICAL BUILDING • 2,222 SF
      8501 Market St, Warren, OH 44484-2379
      View Details
    • Value Estimation
      $565,000
      5,110 SF

      8345 Market St

      MEDICAL BUILDING • 5,110 SF
      8345 Market St, Warren, OH 44484-2376
      View Details
    • Value Estimation by Request
      2,984 SF

      1055 Niles Cortland SE Rd

      MEDICAL BUILDING • 2,984 SF
      1055 Niles Cortland SE Rd, Warren, OH 44484-2540
      View Details
    • Value Estimation by Request
      3,859 SF

      8799 Market St

      MEDICAL BUILDING • 3,859 SF
      8799 Market St, Warren, OH 44484-2363
      View Details
    • Value Estimation
      $1,395,000
      9,600 SF

      1950 Niles Cortland NE Rd

      MEDICAL BUILDING • 9,600 SF
      1950 Niles Cortland NE Rd, Warren, OH 44484-1077
      View Details
    • Value Estimation
      $585,000
      5,190 SF

      311 Niles Cortland NE Rd

      MEDICAL BUILDING • 5,190 SF
      311 Niles Cortland NE Rd, Warren, OH 44484-1977
      View Details

    Similar Nearby for Sale

    • $525,000
      4,019 SF

      East Market Street Office Building

      Office building with renovated suite and dental infrastructure.
      8501 E Market St, Warren, OH 44484
      View Details
    • $349,900
      1.75 Acres

      953 Niles Cortland Rd, Warren, OH 44484

      Office Properties & Spaces • 1.75 Acres
      953 Niles Cortland Rd, Warren, OH 44484
      View Details
    • $399,000
      1,500 SF

      Remodeled Office Building on SR46

      Remodeled commercial office building in prime location with flexible terms.
      953 Niles Cortland Rd SE, Warren, OH 44484
      View Details
    • $129,900
      1.15 Acres

      Prime Warren Land - 1.146 Acres

      High-traffic location, ready for development.
      498 Niles Cortland Rd, Warren, OH 44484
      View Details
    • $250,000
      0.45 Acres

      Warren Baking Company - Turnkey Opportunity

      Established bakery, equipment, & real estate included.
      2216 Youngstown Rd, Warren, OH 44484
      View Details
    • $1,500,000
      0.48 Acres

      1111 Niles Cortland Rd, Howland, OH 44484

      Commercial real estate • 0.48 Acres
      1111 Niles Cortland Rd, Howland, 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.
      3843-4013 E Market St, Warren, OH 44484
      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
    • $14 SF/Yr
      1,500 SF

      Prime Office Space Available Now

      1500 sq ft, Move-in Ready Office
      8397 Raglan Dr, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    248 Niles Cortland NE Rd
    Warren, OH 44484-1938
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.