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

    261 Elm NE Rd Warren, OH 44483-5003

    • Theaters & concert halls
    • 45,999 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Jan 27, 2022
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1849895
    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

    • Theaters & concert halls

    Property Details for 261 Elm NE Rd

    Year built
    1948
    Lot size
    0.92 lot acres
    Property size
    45,999 SF
    Property type
    Theaters & concert halls
    APN
    39-005503
    APU
    39005503

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.812
    Latitude
    41.2386
    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
    $12,519
    $17,470
    $166,570
    $184,040
    -
    $49,900
    $475,900
    $525,800

    Comparable in this City

    • Value Estimation
      $635,000
      30,872 SF

      2592 Elm NE Rd

      BOWLING ALLEY • 30,872 SF
      2592 Elm NE Rd, Warren, OH 44483-2904
      View Details
    • Value Estimation
      $475,000
      13,419 SF

      600 Golf NE Dr

      GOLF COURSE • 13,419 SF
      600 Golf NE Dr, Warren, OH 44483-6311
      View Details
    • Value Estimation
      $265,000
      33.83 Acres

      Champion

      GOLF COURSE • 33.83 Acres
      Champion, Warren, OH 44483
      View Details
    • Value Estimation
      $815,000
      15,660 SF

      200 Cleveland W Ave

      BOWLING ALLEY • 15,660 SF
      200 Cleveland W Ave, Warren, OH 44483-1908
      View Details
    • Value Estimation
      $255,000
      3,052 SF

      4891 Clovercrest NW Dr

      GOLF COURSE • 3,052 SF
      4891 Clovercrest NW Dr, Warren, OH 44483-1701
      View Details
    • Value Estimation
      $275,000
      0.13 Acres

      752 Niles SE Rd

      VEHICLE SALES, RENTALS • 0.13 Acres
      752 Niles SE Rd, Warren, OH 44483-5951
      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
    • $99,000
      0.30 Acres

      Prime Warren Commercial Land

      0.3-acre corner lot, high traffic
      715 Market St, Warren, OH 44483
      View Details
    • $75,000
      1.33 Acres

      Warren, OH Commercial Land - $75K

      1.33-acre commercial lot, high traffic area.
      2311 Elm Rd, Warren, OH 44483
      View Details
    • Contact for pricing
      0.63 Acres

      Warren, OH Land Parcel

      Residential land totaling 0.63 acres, suitable for development.
      494 Federal St NW, Warren, OH 44483
      View Details
    • $75,000
      5.88 Acres

      Warren, OH Vacant Land Parcels

      5.88 acres of vacant residential lots in Warren, OH.
      Federal St NW, Warren, OH 44483
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      6,251 SF

      Prime Commercial Space in Warren

      Move-in ready 4000 sq ft building in high-traffic location.
      151 Folsom St NW, Warren, OH 44483
      View Details
    • $10 SF/Yr
      4,974 SF

      Warren Medical Office Space For Lease

      Prime medical office suites available in Warren, Ohio.
      1700 Market St, Warren, OH 44483
      View Details
    • $10 SF/Yr
      127,440 SF

      Warren Retail Strip Mall Opportunity

      High-traffic location, multiple units available
      2662 Mahoning Ave, 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
    • $11 SF/Yr
      1,540 SF

      Warren Class A Office Space

      Class A office space in Warren's Central Business District.
      200 Chestnut Ave NE, Warren, OH 44483
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Warren Plaza

      Retail space available in well-located Warren Plaza shopping center.
      2001-2007 Elm Rd NE, 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.
    261 Elm NE Rd
    Warren, OH 44483-5003
    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.