Technical
Financial
Distress signals
Property profile

2485 Parkman Rd NW Warren, OH 44485

FOR SALE
Outlet malls
Property ID
US66-1786312
93,734 SF 6.68 ac lot Built 1980
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.85-acre outlot in Warren, Ohio, presents a prime retail investment opportunity. Located at 2485 Parkman Rd NW, 44485, this property offers flexible space ranging from 710 to 12,636 square feet, ideal for a variety of retail uses. The site benefits from high visibility and accessibility on State Route 422, with prominent placement on a large pylon sign. The property is situated within the thriving Trumbull Plaza shopping center, anchored by established businesses including Dollar Tree, Sparkle Market, Metro by T-Mobile, and Little Caesar's Pizza. A new Rural King is also planned for the center, further enhancing the area's retail draw. The current landlord is committed to revitalizing the entire shopping center with planned exterior improvements, ensuring a modern and attractive environment for tenants and customers. This is a rare chance to secure a well-located retail space in a growing commercial area with significant potential for success. The property's size and location make it suitable for a variety of retail concepts, offering a unique opportunity for businesses seeking high visibility and strong foot traffic. The flexible square footage allows for customization to meet specific business needs. Don't miss this chance to establish your business in a vibrant and expanding retail hub.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1980
Total area 93,734 SF
Lot 6.68 ac (290,981 SF)
APN 39-568862
UPID US66-1786312

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Supermarket
  • Pharmacy
  • Pharmacy

Location

2485 Parkman Rd NW Warren, OH 44485
Warren metro Census 920900 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.37M
Blend (final) Blend
$900k

Owner & transaction history

since 2014
5 recorded transactions
2022
Price N/A
2020
Price N/A
2018
Price N/A
2014
$2.4M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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