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

    551 Market St Warren, OH 44481-1211

    • Auto shops
    • 5,280 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0684606
    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

    • Greasy Boys Garage / Auto Repair Shop

    Property Details for 551 Market St

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Property size
    5,280 SF
    Property type
    Auto shops
    APN
    38-635009
    APU
    38635009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $238,000
      Market price range: $236k - $613k
      AI Estimate
      $234,000
      Market price range: $235k - $545k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $390,000
      Current use
      COMMERCIAL (GENERAL)
      $435,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $420,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $320,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8109
    Latitude
    41.2366
    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
    $2,168
    $8,540
    $24,920
    $33,460
    -
    $24,400
    $71,200
    $95,600

    Comparable in this City

    • Value Estimation
      $345,000
      8,000 SF

      157 Pne SE Ave

      AUTO REPAIR, GARAGE • 8,000 SF
      157 Pne SE Ave, Warren, OH 44481-1233
      View Details
    • Value Estimation
      $285,000
      2,576 SF

      3625 Tod SW Ave

      AUTO REPAIR, GARAGE • 2,576 SF
      3625 Tod SW Ave, Warren, OH 44481-9772
      View Details
    • Value Estimation by Request
      2,600 SF

      1829 Hallock Young SW Rd

      AUTO REPAIR, GARAGE • 2,600 SF
      1829 Hallock Young SW Rd, Warren, OH 44481-8662
      View Details
    • Value Estimation
      $435,000
      7,200 SF

      3465 Newton Fls Bailey SW Rd

      AUTO REPAIR, GARAGE • 7,200 SF
      3465 Newton Fls Bailey SW Rd, Warren, OH 44481-9717
      View Details
    • Value Estimation
      $175,000
      3,560 SF

      3110 Parkman NW Rd

      AUTO REPAIR, GARAGE • 3,560 SF
      3110 Parkman NW Rd, Warren, OH 44481-9421
      View Details
    • Value Estimation
      $240,000
      4,140 SF

      Chestnut

      AUTO REPAIR, GARAGE • 4,140 SF
      Chestnut, Warren, OH 44481
      View Details

    Similar Nearby for Sale

    • $275,000
      4,350 SF

      Courthouse Square Restaurant

      Historic Warren Restaurant, $275,000
      118 Park Ave, Warren, OH 44481
      View Details
    • $1,750,000
      16,000 SF

      Prime Warren Retail Plaza

      Fully Leased, High-Traffic Location
      231 Main Ave, Warren, OH 44481
      View Details
    • $275,000
      0.24 Acres

      118 Park Ave, Warren, OH 44481

      Retail properties • 0.24 Acres
      118 Park Ave, Warren, OH 44481
      View Details
    • $400,000
      13,300 SF

      Warren Office Plaza: High-Traffic Location

      13,300 SF Office Building, 8 Units, 1.1 Acres
      3323 Parkman Rd, Warren, OH 44481
      View Details
    • $550,000
      1.26 Acres

      Prime 1.26-Acre Commercial Land

      North Jackson, OH Redevelopment Opportunity
      18-32-44 Salem Warren Rd, Lordstown, OH 44481
      View Details
    • $2,200,000
      27,076 SF

      Warren, OH Industrial Warehouse

      73-Acre Industrial Property, 27,076 SF
      2840 Lyntz Townline Rd, Warren, OH 44481
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    Similar Nearby for Lease

    • $9 SF/Yr
      2,100 SF

      Downtown Warren Office Space

      1500 sq ft, flexible layout, prime location
      118 Market St, Warren, OH 44481
      View Details
    • $9 SF/Yr
      1,900 SF

      Downtown Warren Retail/Office Space

      Clean retail/office space in downtown Warren near Courthouse Square.
      112-118 E Market St, Warren, OH 44481
      View Details
    • $1,500 /Mo
      2,320 SF

      Downtown Warren Office Space Available

      Office spaces for lease in downtown Warren, Ohio.
      144 N Park Ave, Warren, OH 44481
      View Details
    • $11 SF/Yr
      72,500 SF

      Downtown Office Space For Lease

      Office space for lease in downtown location.
      108 Main Street Ext SW, Warren, OH 44481
      View Details
    • $9 SF/Yr
      2,800 SF

      Downtown Warren Office Space Available

      Clean, secure office space in downtown Warren for rent.
      197 W Market St, Warren, OH 44481
      View Details
    • $11 SF/Yr
      7,493 SF

      Downtown Office Space Available

      Professional office space in downtown location with 24-hour security.
      108 Main Ave Sw, Warren, OH 44481
      View Details
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    551 Market St
    Warren, OH 44481-1211
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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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