Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    620 Market St Warren, OH 44481-1212

    Property Lookup

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

    620 Market St Warren, OH 44481-1212

    View on Map
    • Drug stores
    • 10,568 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US66-1855025
    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
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • UPS Access Point location / Courier Service / Postal Service
    • CDReload Instant Bitcoin / Crypto Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 620 Market St

    Year built
    1994
    Construction
    BRICK
    Lot size
    0.22 lot acres
    Property size
    10,568 SF
    Property type
    Drug stores
    APN
    38-117432
    APU
    38117432

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,700,000
      6.5%
      $1,570,000
      7%
      $1,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,191,000
      Market price range: $257k - $1.19M
      AI Estimate
      $1,099,000
      Market price range: $276k - $1.10M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,130,000
      COMMERCIAL (GENERAL)
      $875,000
      RESTAURANT
      $840,000
      AUTO REPAIR, GARAGE
      $780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8094
    Latitude
    41.236
    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
    $21,524
    $16,910
    $315,350
    $332,260
    -
    $48,300
    $901,000
    $949,300

    Comparable in this City

    • Value Estimation
      $1,840,000
      15,118 SF

      804 Market St

      DRUG STORE, PHARMACY • 15,118 SF
      804 Market St, Warren, OH 44481-1038
      View Details
    • Value Estimation
      $1,035,000
      10,113 SF

      3933 Parkman NW Rd

      DRUG STORE, PHARMACY • 10,113 SF
      3933 Parkman NW Rd, Warren, OH 44481-9142
      View Details
    • Value Estimation by Request
      0.04 Acres

      131 Park Ave

      FINANCIAL BUILDING • 0.04 Acres
      131 Park Ave, Warren, OH 44481-1019
      View Details
    • Value Estimation by Request
      0.10 Acres

      805 Market St

      CONVENIENCE STORE (W/FUEL PUMP) • 0.10 Acres
      805 Market St, Warren, OH 44481-1039
      View Details
    • Value Estimation by Request
      0.01 Acres

      5 Market

      FINANCIAL BUILDING • 0.01 Acres
      5 Market, Warren, OH 44481
      View Details
    • Value Estimation by Request
      2,880 SF

      730 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      730 Market St, Warren, OH 44481-1214
      View Details

    Similar Nearby for Sale

    • $275,000
      0.24 Acres

      118 Park Ave, Warren, OH 44481

      Retail properties & Spaces • 0.24 Acres
      118 Park Ave, Warren, OH 44481
      View Details
    • Contact for pricing
      17,486 SF

      Downtown Warren Atrium Building ForSale

      Three-story multi-tenant retail/office building in downtown Warren, Ohio.
      103 W Market St, Warren, OH 44481
      View Details
    • Contact for pricing
      59,000 SF

      Downtown Building Redevelopment Opportunity

      Former bank headquarters suitable for redevelopment into offices or apartments.
      106 E Market St, Warren, OH 44481
      View Details
    • Contact for pricing
      17,486 SF

      Downtown Warren Atrium Building For Sale

      Three-story multi-tenant retail/office building in downtown Warren, Ohio.
      103 W Market St, Warren, OH 44481
      View Details
    • Contact for pricing
      1.14 Acres

      Residential Land in Warren, OH

      1.14 acre property with utilities available for building.
      Lyntz Townline Rd, 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

    Similar Nearby for Lease

    • $9 SF/Yr
      1,300 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
    • Contact for pricing

      Downtown Warren Flexible Office Space

      Clean, flexible second-floor office space in downtown Warren.
      118 E 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
    • Contact for pricing
      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
    • Contact for pricing

      Industrial Space Available for Lease

      Industrial space with easy access to Ohio Turnpike and interstates.
      Lordstown, OH 44481
      View Details
    • Contact for pricing
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    620 Market St
    Warren, OH 44481-1212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!