3050 Elm Rd Warren, OH 44483
- Strip malls
- 4,464 SF
- 1.31 lot acres
Current Use by Public Records
- Daprile Insurance Group, LLC / Home Insurance Agency / Insurance Company
- Olympus Chiropractic and Wellness LLC / Chiropractor
- Apprisen / Financial Consultant / Non-Profit Organization
- Dr. Michael C. Kreatsoulas / Chiropractor
- IFW Consulting Llc / Engineering Consultant
Property Details for 3050 Elm Rd
- Year built
- 1988
- Lot size
- 1.31 lot acres
- Property size
- 4,464 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 44-066400
- APU
- 44066400
Description
This exceptional mixed-use property in Warren, Ohio, presents a unique investment opportunity. Located at 3050 Elm Rd NE, this 4,464 square foot shopping center boasts 4 units and 6 mobile home pads, complemented by two self-storage buildings. The property features a desirable location with high traffic counts, ensuring strong visibility and potential for increased revenue. The building offers ample front door parking for customer convenience and prominent pylon and building signage for tenants. With a total of 4,664 net rentable square feet, the asking price is $675,000, translating to $151.21 per square foot. This versatile property is ideal for investors seeking a diversified portfolio with strong rental income potential from retail, office, and mobile home spaces. The property's strategic location and diverse income streams make it an attractive investment prospect in a thriving market. The combination of retail/office space and the mobile home park provides a unique and potentially lucrative investment opportunity. The self-storage units add further diversification to the income stream. This property offers a compelling blend of established income and future growth potential. The property is situated in Trumbull County, Ohio, with a zip code of 44483.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $345,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $335,000
- Mixed-Use
- $300,000
- Hospitality
- $305,000
- Educational
- $400,000
- Residential Income
- $370,000
- Energy
- $330,000
- Income-Based Land
- $330,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.7828
- Latitude
- 41.2625
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
