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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    253 Market St Warren, OH 44481-1205

    • Office buildings
    • 7,358 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2483479
    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

    • Trumbull County Veterans Services / Veterans Affairs Department / County Government Office

    Property Details for 253 Market St

    Year built
    2015
    Lot size
    1.21 lot acres
    Property size
    7,358 SF
    Property type
    Office buildings
    APN
    39-171450
    APU
    39171450

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $445,000
      Current use
      COMMERCIAL (GENERAL)
      $610,000
      Change: +37% Conversion: Easy
      RESTAURANT
      $585,000
      Change: +32% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $540,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $420,000
      Change: -6% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $360,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8155
    Latitude
    41.2365
    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
    $0.00
    $48,300
    $227,400
    $275,700
    -
    $138,000
    $649,700
    $787,700

    Comparable in this City

    • Value Estimation
      $415,000
      3,200 SF

      524 Park Ave

      OFFICE BUILDING • 3,200 SF
      524 Park Ave, Warren, OH 44481-1114
      View Details
    • Value Estimation
      $285,000
      3,047 SF

      258 Seneca NE Ave

      OFFICE BUILDING • 3,047 SF
      258 Seneca NE Ave, Warren, OH 44481-1228
      View Details
    • Value Estimation
      $250,000
      23,228 SF

      375 Park Ave

      OFFICE BUILDING • 23,228 SF
      375 Park Ave, Warren, OH 44481-1111
      View Details
    • Value Estimation
      $255,000
      3,707 SF

      552 Park Ave

      OFFICE BUILDING • 3,707 SF
      552 Park Ave, Warren, OH 44481-1117
      View Details
    • Value Estimation
      $270,000
      1,496 SF

      1377 Salt Spgs Rd

      OFFICE BUILDING • 1,496 SF
      1377 Salt Spgs Rd, Warren, OH 44481
      View Details
    • Value Estimation
      $925,000
      45,048 SF

      1849 Ellsworth Bailey SW Rd

      OFFICE BUILDING • 45,048 SF
      1849 Ellsworth Bailey SW Rd, Warren, OH 44481-9234
      View Details

    Similar Nearby for Sale

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      Downtown Warren Atrium Building For Sale

      Three-story multi-tenant retail/office building in downtown Warren, Ohio.
      103 W Market St, Warren, OH 44481
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    • $1,200,000
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      Warren Office Building For Sale

      59,000 SF office building in Warren, Ohio.
      106 E Market St, Warren, OH 44481
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    • $400,000
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      Warren Office Plaza: High-Traffic Location

      13,300 SF Office Building, 8 Units, 1.1 Acres
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    • $7,500,000
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      Lordstown Industrial Powerhouse

      53,360 SF Flex/Warehouse, High Power
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    • $1,200,000
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      Warren, OH Office Redevelopment

      Historic Downtown Office Building - Huge Potential
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    • $214,900
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      Historic Mixed-Use Building in Warren

      Charming tri-level building in downtown Warren, suitable for residential/commercial use.
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    Similar Nearby for Lease

    • $1,500 /Mo
      2,320 SF

      Downtown Warren Office Space Available

      Office spaces for lease in downtown Warren, Ohio.
      144 N Park Ave, Warren, OH 44481
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    • $11 SF/Yr
      7,493 SF

      Downtown Office Space Available

      Professional office space in downtown location with 24-hour security.
      108 Main Ave Sw, Warren, OH 44481
      View Details
    • $9 SF/Yr
      2,100 SF

      Downtown Warren Office Space

      1500 sq ft, flexible layout, prime location
      118 Market St, Warren, OH 44481
      View Details
    • $9 SF/Yr
      2,800 SF

      Downtown Warren Office Space Available

      Clean, secure office space in downtown Warren for rent.
      197 W Market St, Warren, OH 44481
      View Details
    • $11 SF/Yr
      72,500 SF

      Downtown Office Space For Lease

      Office space for lease in downtown location.
      108 Main Street Ext SW, Warren, OH 44481
      View Details
    • $9 SF/Yr
      1,900 SF

      Downtown Warren Retail/Office Space

      Clean retail/office space in downtown Warren near Courthouse Square.
      112-118 E Market St, Warren, OH 44481
      View Details
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    253 Market St
    Warren, OH 44481-1205
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    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
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