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

    2887 N Salem Warren Rd Warren, OH

    • Warehouses
    • 10,464 SF
    • 10.14 lot acres
    For Sale
    View listing
    $1,350,000
    Last Sale
    Feb 01, 2024
    $735,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1301890
    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

    • Warrior imports inc / Wheel Store
    • Starr Wheel / Tire Shop

    Property Details for 2887 N Salem Warren Rd

    Year built
    2003
    Lot size
    10.14 lot acres
    Property size
    10,464 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    50-031-0-006.03-0
    APU
    500310006030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $946,000
      Market price range: $147k - $946k
      AI Estimate
      $745,000
      Market price range: $249k - $745k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $500,000
      Current use
      MEDICAL BUILDING
      $1,120,000
      Change: +123% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $865,000
      Change: +73% Conversion: Difficult
      RESTAURANT
      $830,000
      Change: +66% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $770,000
      Change: +54% Conversion: Easy
      OFFICE BUILDING
      $630,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $595,000
      Change: +19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.8553
    Latitude
    41.1319
    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
    $13,299
    $26,800
    $218,020
    $244,820
    -
    $76,560
    $622,910
    $699,470

    Comparable in this City

    • Value Estimation by Request

      5313 Parkman NW Rd

      MINI-WAREHOUSE, STORAGE
      5313 Parkman NW Rd, Warren, OH 44481-9436
      View Details
    • Value Estimation
      $190,000
      8,192 SF

      5787 Tod SW Ave

      MINI-WAREHOUSE, STORAGE • 8,192 SF
      5787 Tod SW Ave, Warren, OH 44481-9768
      View Details
    • Value Estimation
      $410,000
      24,285 SF

      5400 Oak Hl NW Dr

      MINI-WAREHOUSE, STORAGE • 24,285 SF
      5400 Oak Hl NW Dr, Warren, OH 44481-9027
      View Details
    • Value Estimation
      $275,000
      4,800 SF

      4858 Parkman NW Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      4858 Parkman NW Rd, Warren, OH 44481-9138
      View Details
    • Value Estimation
      $320,000
      5,000 SF

      5141 Enterprise NW Dr

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      5141 Enterprise NW Dr, Warren, OH 44481-8705
      View Details
    • Value Estimation
      $290,000
      10,112 SF

      Hoagland Blackstub

      MINI-WAREHOUSE, STORAGE • 10,112 SF
      Hoagland Blackstub, Warren, OH 44481
      View Details

    Similar Nearby for Sale

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    • $550,000
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      Prime 1.26-Acre Commercial Land

      North Jackson, OH Redevelopment Opportunity
      18-32-44 Salem Warren Rd, Lordstown, OH 44481
      View Details
    • $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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    • $99,000
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      Warren Township Land Opportunity

      Two parcels totaling 12 acres in Warren Township, Ohio.
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    Similar Nearby for Lease

    • $375,000
      700 SF

      Downtown Warren Retail Space Available

      Retail space in downtown Warren with on-site parking.
      135-157 Pine Ave SE, Warren, OH 44481
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    • $1,500 /Mo
      2,320 SF

      Downtown Warren Office Space Available

      Office spaces for lease in downtown Warren, Ohio.
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      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
    • $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
      2,800 SF

      Downtown Warren Office Space Available

      Clean, secure office space in downtown Warren for rent.
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      View Details
    • $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
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    2887 N Salem Warren Rd
    Warren, OH
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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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