3323 Parkman NW Rd Warren, OH 44481-9190
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.