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Property profile & analytics
OFF-MARKET
Strip malls

3323 Parkman NW Rd Warren, OH 44481-9190

6,344 SF 1.1 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
Property ID
US66-2564041
Property summary
AI-generated overview

This exceptional investment opportunity presents a 13,300 square foot, concrete office building situated on a 1.1-acre lot in Warren, Ohio's high-traffic area. The property boasts eight individual units, ideal for a variety of businesses, offering flexibility and potential for diverse income streams. A substantial parking lot ensures ample space for tenants and customers, enhancing the convenience and appeal of the location. The building's solid construction promises durability and low maintenance costs. The significant 1.1-acre lot adjacent to the main building presents a unique opportunity for expansion. This could involve increasing the existing retail space, adding complementary businesses to create a synergistic environment, or developing other income-generating possibilities. The property's prime location within a high-traffic area guarantees excellent visibility and accessibility, maximizing potential for tenant occupancy and revenue generation. This is a rare chance to acquire a well-established property with significant growth potential in a thriving commercial district. The combination of existing income-producing units and the expansive adjacent lot makes this an attractive investment for both seasoned and emerging investors seeking a strong return on investment. This property offers a compelling blend of immediate income and long-term development possibilities.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Total area 6,344 SF
Lot 1.1 ac (47,916 SF)
APN 40-002705
UPID US66-2564041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Elegant ink by Ashley Medical Clinic Skin Care Clinic
  • Elegantinkbyashley.com Medical Clinic Skin Care Clinic
  • Hydroponics Department Store
  • Studio 422 Salon Hair Salon
  • Good As New Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
ELI BOX JR TR
ELI BOX JR TR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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