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Property profile & analytics
FOR LEASE
Turn key restaurants

3581 Elm Rd NE Warren, OH 44483

5,447 SF 2.35 ac lot Built 1987
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1636379
Property summary
AI-generated overview

This exceptional 2.35-acre redevelopment site presents a unique investment opportunity in a thriving Warren, Ohio location. Situated on Elm Road Northeast, this single-tenant property boasts a high-traffic count exceeding 21,000 vehicles daily. The site is ideally positioned along a major retail corridor with convenient access to Ohio State Route 82, ensuring excellent visibility and accessibility for potential businesses. The property's zoning allows for retail, restaurant, or land development uses, offering considerable flexibility for future development. Warren, the county seat of Trumbull County, Ohio, has a population of approximately 39,000 residents, providing a substantial customer base. The area is anchored by a strong concentration of nationally recognized retailers, including Walmart, ALDI, Menards, Tractor Supply, Chipotle Mexican Grill, Wendy's, Panera Bread, and Dunkin', creating a vibrant and attractive retail environment. This property offers significant potential for developers seeking a high-visibility location with established infrastructure and a proven track record of retail success. The site's size and location make it an ideal candidate for a variety of commercial developments, catering to the needs of the local community and the surrounding area. This is a rare opportunity to acquire a prime piece of commercial real estate in a rapidly growing market. The property is classified as retail, land, and restaurant use, and is a freestanding, single-tenant site. The address is 3581 Elm Rd NE, Warren, OH 44483.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Total area 5,447 SF
Lot 2.35 ac (102,540 SF)
APN 28-901164
UPID US66-1636379
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$421k
Blend (final) Blend
$550k
Owner & transaction history
Armstrong Elm Warren LLC · 3 yrs held
Armstrong Elm Warren LLC
since 2022
Last sale
$553,036
1 recorded transaction
2022
$553,100
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $585,000 +34.7%
Warehouse, storage $445,000 +2.4%
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