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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5500 Youngstown Warren Rd Niles, OH 44446-4849

    • Strip malls
    • 10,742 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2020
    $1,804,441
    Value Estimations
    $2,120,000
    Show details
    Cap Rate Potential
    5.2%
    Strip malls
    Location Intelligence
    Property ID
    US66-1132619
    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.

    Current Use by Public Records

    • Aaron's Rent To Own / Furniture Store / Appliance Rental Service

    Property Details for 5500 Youngstown Warren Rd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.83 lot acres
    Property size
    10,742 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20-008430
    APU
    20008430

    Description

    This exceptional retail property, located at 5500 Youngstown Warren Rd in Niles, Ohio, presents a significant opportunity for a discerning business. The building, constructed in 1972, offers a total of 10,742 square feet, with 3,100 square feet currently available for lease. Situated on a 0.83-acre lot, the property boasts adequate parking for customers and employees, ensuring convenient access. The property's single-tenant occupancy provides a streamlined and efficient operational environment. The building's location in Trumbull County, Ohio, offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's 3,100 square feet of vacant space provides ample room for expansion or customization to meet specific business needs. The address is easily accessible from major roadways, ensuring high traffic flow and visibility for potential customers. This property is perfect for a business seeking a well-established location with significant potential for growth in a thriving community. The property is zoned for commercial use and is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities. Zip code is 44446.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,235,000
      ML approach
      $2,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,780,000
      7%
      $1,655,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7534
    Latitude
    41.2107
    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
    $18,468
    $88,590
    $255,330
    $343,920
    -
    $253,100
    $729,500
    $982,600

    Comparable in this City

    • Value Estimation
      $340,000
      5,445 SF

      5840 Youngstown Warren Rd

      SHOPPING CENTER, STRIP CENTER • 5,445 SF
      5840 Youngstown Warren Rd, Niles, OH 44446-4761
      View Details
    • Value Estimation
      $545,000
      8,040 SF

      6261 Youngstown Warren Rd

      SHOPPING CENTER, STRIP CENTER • 8,040 SF
      6261 Youngstown Warren Rd, Niles, OH 44446-4641
      View Details
    • Value Estimation
      $255,000
      0.58 Acres

      Youngstown Warren

      SHOPPING CENTER, STRIP CENTER • 0.58 Acres
      Youngstown Warren, Niles, OH 44446
      View Details
    • Value Estimation
      $425,000
      8,656 SF

      6285 Youngstown Warren Rd

      SHOPPING CENTER, STRIP CENTER • 8,656 SF
      6285 Youngstown Warren Rd, Niles, OH 44446-4656
      View Details
    • Value Estimation
      $315,000
      9,720 SF

      1041 Youngstown Warren Rd

      SHOPPING CENTER, STRIP CENTER • 9,720 SF
      1041 Youngstown Warren Rd, Niles, OH 44446-4620
      View Details
    • Value Estimation
      $4,405,000
      11,440 SF

      5700 Youngstown Warren Rd

      SHOPPING CENTER, STRIP CENTER • 11,440 SF
      5700 Youngstown Warren Rd, Niles, OH 44446-4762
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      4,084 SF

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      Pizza Hut Investment Opportunity

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    • $499,900
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      Turnkey Bar/Restaurant For Sale

      Established bar/restaurant with liquor license, fully equipped, expansion potential.
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      Turnkey Restaurant in Niles, OH
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      Residential Land Development Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
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      Prime Niles location, 4,084 sq ft available.
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    • Contact for pricing
      4,000 SF

      Retail Space in Niles, OH

      Retail space available in a busy shopping center.
      6000-6024 Youngstown Warren Rd, Niles, OH 44446
      View Details
    • $10 SF/Yr
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      Retail Space on High-Traffic Corner

      1,160 SF retail space with private restroom and parking.
      754 Youngstown Warren Rd, Niles, OH 44446
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    • $2,500 /Mo
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      Retail Space in Bustling Area

      Retail unit in high-traffic area near major routes.
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    • $299,000
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      Restaurant Opportunity in Niles, OH

      Second-generation restaurant space available for sale in Niles, OH.
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      View Details
    • $14 SF/Yr
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      Niles, OH Office Space Available

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      918 Youngstown Warren Rd, Niles, OH 44446
      View Details
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    Niles, OH 44446-4849
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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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