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

    2588 Elm NE Rd Warren, OH 44483

    • Warehouses
    • 24,569 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2149868
    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

    • Warehouses

    Property Details for 2588 Elm NE Rd

    Year built
    1980
    Lot size
    0.38 lot acres
    Property size
    24,569 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    28-901060
    APU
    28901060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7837
    Latitude
    41.2572
    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
    $12,131
    $5,320
    $178,750
    $184,070
    -
    $15,200
    $510,700
    $525,900

    Comparable in this City

    • Value Estimation
      $275,000
      0.21 Acres

      Folsom

      MINI-WAREHOUSE, STORAGE • 0.21 Acres
      Folsom, Warren, OH 44483
      View Details
    • Value Estimation
      $325,000
      5,000 SF

      250 Vine NE Ave

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      250 Vine NE Ave, Warren, OH 44483-5037
      View Details
    • Value Estimation
      $270,000
      3,840 SF

      3010 Mahoning NW Ave

      MINI-WAREHOUSE, STORAGE • 3,840 SF
      3010 Mahoning NW Ave, Warren, OH 44483-2030
      View Details
    • Value Estimation
      $240,000
      1,800 SF

      3746 Mahoning NW Ave

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      3746 Mahoning NW Ave, Warren, OH 44483-1920
      View Details
    • Value Estimation
      $365,000
      3,140 SF

      851 Niles SE Rd

      MINI-WAREHOUSE, STORAGE • 3,140 SF
      851 Niles SE Rd, Warren, OH 44483-5952
      View Details
    • Value Estimation
      $620,000
      8,551 SF

      2961 Sferra NW Ave

      MINI-WAREHOUSE, STORAGE • 8,551 SF
      2961 Sferra NW Ave, Warren, OH 44483-2268
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,536 SF

      Champion, OH Warehouse For Sale

      6,536 SF Warehouse, Excellent Condition
      4877 Mahoning Ave, Warren, OH 44483
      View Details
    • $5,100,000
      79,175 SF

      Warren, OH Warehouse - $5.1M NNN Lease

      High-Occupancy Industrial Warehouse, Excellent Investment
      3418 Elm Rd, Warren, OH 44483
      View Details
    • $675,000
      4,464 SF

      Warren Shopping Center Investment

      High-Traffic Retail & Mobile Home Park
      3050 Elm Rd, Warren, OH 44483
      View Details
    • $675,000
      4,464 SF

      Retail/Office Building with Additional Income

      Retail/office building with mobile home pads and self-storage units.
      3050 Elm Rd NE, Warren, OH 44483
      View Details
    • $681,000
      13.62 Acres

      Warren, OH Industrial Land for Sale

      13.62 Acres, Excellent Highway Access
      0 Perkins Jones Rd, Warren, OH 44483
      View Details
    • $5,100,000
      79,175 SF

      Industrial Property with Long-Term Tenant

      NNN leased industrial property with a strong, established tenant.
      3418 Elm Rd NE, Warren, OH 44483
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400,000 SF

      Large Distribution Center with Parking

      1,400,000 SF distribution center with ample trailer parking.
      541 Perkins Jones Rd NE, Warren, OH 44483
      View Details
    • $7 SF/Yr
      11,136 SF

      Warehouse with Fenced Yard

      22,500 SF warehouse with offices and a 4+ acre yard.
      3801 Elm Rd NE, Warren, OH 44483
      View Details
    • $5 SF/Yr
      385,387 SF

      Spacious Warehouse with Office Space

      385,387 sq ft warehouse with office space for lease.
      3566 Larchmont Ave NE, Warren, OH 44483
      View Details
    • $7 SF/Yr
      12,600 SF

      1328 River Rd

      Flex space • 12,600 SF
      1328 River Rd, Warren, OH 44483
      View Details
    • Contact for pricing
      102,366 SF

      Elm Road Redevelopment Site

      Prime 2.35-Acre Retail Opportunity in Warren, OH
      3581 Elm Rd, Warren, OH 44483
      View Details
    • $5 SF/Yr
      6,536 SF

      Auto Repair and Service Property

      Established auto shop and repair facility available for rent.
      4877 Mahoning Ave NW, Warren, OH 44483
      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.
    2588 Elm NE Rd
    Warren, OH 44483
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.