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    5001 Mahoning NW Ave Warren, OH 44483-1407

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    5001 Mahoning NW Ave Warren, OH 44483-1407

    View on Map
    • Drug stores
    • 11,380 SF
    • 1.21 lot acres
    Off-Market
    Last Sale May 18, 2025
    $450,500
    Property ID
    US66-2458810
    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

    • Joshua R. Conkey, RPH / Pharmacy
    • Brad P. Vaughn, RPh / Pharmacy
    • GNC at Rite Aid / (Bike/Boat/Book/etc) Store / Pharmacy
    • Rite Aid / Pharmacy
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store

    Property Details for 5001 Mahoning NW Ave

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    1.21 lot acres
    Property size
    11,380 SF
    Property type
    Drug stores
    APN
    46-121610
    APU
    46121610

    Description

    This exceptional freestanding retail property, formerly a Rite Aid, presents a unique investment opportunity in Warren, Ohio. Located at 5001 Mahoning Ave NW, this 11,233 square foot building sits on a generous 1.21-acre lot, offering ample space for a variety of commercial uses. The property is zoned C Commercial District, allowing for flexibility in its future development. The building is currently vacant, providing immediate occupancy for a new tenant. Its convenient location on Mahoning Ave NW, with a cross street of Champion Ave, ensures high visibility and accessibility for customers. The property's size and location within Trumbull County make it an ideal site for a range of retail businesses. The substantial lot size provides ample parking and potential for expansion or outdoor amenities. This is a rare opportunity to acquire a well-situated, sizable retail space in a thriving commercial area. The property is available for both sale and lease, offering flexibility to suit various business needs and investment strategies. Detailed property information and specifications are available upon request. This prime location offers significant potential for growth and profitability.

    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
    -80.8486
    Latitude
    41.2918
    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
    $38,214
    $222,110
    $364,140
    $586,250
    -
    $634,600
    $1,040,400
    $1,675,000

    Comparable in this City

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    • Value Estimation
      $3,685,000
      14,406 SF

      3390 Elm NE Rd

      DRUG STORE, PHARMACY • 14,406 SF
      3390 Elm NE Rd, Warren, OH 44483-2614
      View Details
    • Value Estimation by Request
      0.06 Acres

      317 Pne SE Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 0.06 Acres
      317 Pne SE Ave, Warren, OH 44483-5704
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    • Value Estimation by Request
      0.29 Acres

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      632 Park Ave

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      0.11 Acres

      Fairgreen

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
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    Similar Nearby for Sale

    • Contact for pricing
      8,380 SF

      Retail Space in Jamestown Village

      Retail space available in centrally located Trumbull County plaza.
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    • $324,900
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      Versatile Commercial Building on High-Traffic Corridor

      3,288 sq. ft. commercial building on 0.9 acres.
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    • New
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      Family Dollar Investment Opportunity

      NNN Family Dollar property with a new 10-year lease.
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      Economical Building in Warren, OH

      Economical building suitable for barbershop or nail salon.
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      Mixed-Use Property with Income Potential

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    Similar Nearby for Lease

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      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
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      Retail space available in well-located Warren Plaza shopping center.
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    • $2,750 /Mo
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      Downtown Warren Versatile Commercial Space

      Versatile commercial space in downtown Warren, suitable for various businesses.
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      Retail Space in Warren Plaza

      Retail space available in Warren, Ohio shopping center.
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      Retail/Office Building with Additional Income

      Retail/office building with mobile home pads and self-storage units.
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      Retail Spaces Available For Rent

      Retail and office spaces available, ranging from 1,200 to 1,242 SqFt.
      1791 Elm Rd NE, Warren, OH 44483
      View Details
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    5001 Mahoning NW Ave
    Warren, OH 44483-1407
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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.

    More about this property
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    5001 Mahoning NW Ave, Warren, OH, 44483

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