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    3050 Elm Rd NE Warren, OH 44483
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    Property profile & analytics

    3050 Elm Rd NE, Warren, OH 44483

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    • Strip malls
    • 4,464 SF
    • 1.31 lot acres
    For Sale
    $675,000
    View Listing →
    Mixed-Use Property with Income Potential For Sale
    $675,000
    4,464 SF

    Mixed-Use Property with Income Potential

    Retail/office building with mobile home pads and self-storage units.

    3050 Elm Rd NE, Warren, OH 44483
    View Listing
    Property ID
    US66-1905184
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Daprile Insurance Group, LLC / Insurance Agency
    • Olympus Chiropractic and Wellness LLC / Alternative Medicine Practice
    • Apprisen / Charitable Organization / Social Service Agency
    • Dr. Michael C. Kreatsoulas / Alternative Medicine Practice
    • IFW Consulting Llc / Engineering Consultant

    Property Details for 3050 Elm Rd NE

    Year built
    1988
    Lot size
    1.31 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping 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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    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

    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
    $5,777
    $37,070
    $72,140
    $109,210
    -
    $105,900
    $206,100
    $312,000

    Comparable in this City

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      9,560 SF

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      0.14 Acres

      Folsom

      SHOPPING CENTER, STRIP CENTER
      Folsom, Warren, OH 44483
      View Details
    • Value Estimation
      $535,000
      19,600 SF

      1791 Elm NE Rd, Unit 39

      SHOPPING CENTER, STRIP CENTER
      1791 Elm NE Rd, Warren, OH 44483-4027
      View Details
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      0.14 Acres

      Summerdale

      SHOPPING CENTER, STRIP CENTER
      Summerdale, Warren, OH 44483
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    • Value Estimation by Request
      2.04 Acres

      Fairgreen

      SHOPPING CENTER, STRIP CENTER
      Fairgreen, Warren, OH 44483
      View Details
    • Value Estimation
      $1,600,000
      38,752 SF

      2061 Elm NE Rd, Unit 107

      SHOPPING CENTER, STRIP CENTER
      2061 Elm NE Rd, Warren, OH 44483-4003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,380 SF

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      Mahoning Ave Auto Shop Investment

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      Versatile Commercial Building on High-Traffic Corridor

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      4922 Mahoning Ave NW, Champion, OH 44483
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      1.30 Acres

      Versatile Commercial Property in Warren

      Prime commercial property suitable for various business ventures.
      3405 Mahoning Ave NW, Warren, OH 44483
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    • $279,900

      Commercial Property on Mahoning Avenue

      1.2952 acres with existing structures, ideal for seasonal businesses.
      3405 Mahoning Ave, Warren, OH 44483
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      6,536 SF

      Auto Repair and Service Property

      Established auto shop and repair facility available for rent.
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    Similar Nearby for Lease

    • Contact for pricing
      1,242 SF

      Retail Plaza on Elm Road

      19,440 SF plaza with ample parking and visibility.
      1791-1839 Elm Rd 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
    • Contact for pricing
      2,200 SF

      Retail Space in Warren Plaza

      Retail space available in Warren, Ohio shopping center.
      2009-2107 Elm Rd NE, Warren, OH 44483
      View Details
    • Contact for pricing

      Retail Space in Busy Plaza

      Last retail space available in a plaza with national tenants.
      4301 Mahoning Ave Northwest, Warren, OH 44483
      View Details
    • $2,750 /Mo
      435,600 SF

      Downtown Warren Versatile Commercial Space

      Versatile commercial space in downtown Warren, suitable for various businesses.
      145 W Market St, Warren, OH 44483
      View Details
    • Contact for pricing

      2.35 AC Redevelopment Site

      2.35 AC redevelopment site in major retail corridor.
      3581 Elm Rd NE, Warren, OH 44483
      View Details
    View Listing
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    Warren, OH 44483
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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.

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