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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Strip malls
8024 Market St Warren, OH 44484-2264
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2500820
Property summary
AI-generated overview
This exceptional 7,617 square foot shopping center in Warren, Ohio presents a compelling investment opportunity. Located at 8024 E Market St, this fully leased, single-story building boasts 100% occupancy, generating a strong return. Built in 1950, the property sits on a one-acre corner lot in a prime location, zoned CRD-2. Its strategic position near Howland High School and Akron Children's Hospital ensures high visibility and consistent foot traffic. The property's multi-tenant configuration provides diversification and stability. With an asking price of $625,000, this translates to $82.05 per square foot, reflecting a solid value proposition in the current market. This is a rare chance to acquire a proven, income-producing asset in a thriving area of Trumbull County. The property's strong tenancy and desirable location make it an ideal addition to any investment portfolio. Don't miss this opportunity to secure a stable and profitable investment in a high-demand retail market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Total area
7,617 SF
Lot
1 ac (43,560 SF)
APN
28-493751
UPID
US66-2500820
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
Current use
Occupant on record · Public records
-
Howland Bean Cafe & Coffee Shop
-
Le'shoppe Hair Designs Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Lastgen Properties IV LLC · 1 yrs held
Lastgen Properties IV LLC
since 2025
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+131.5%
Medical building
$790,000
+123.7%
Apartment house (5+ units)
$670,000
+89.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$500,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$355,000
Current use
OFFICE BUILDING
$815,000
Change: +132% · Conversion: Moderate
MEDICAL BUILDING
$790,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +90% · Conversion: Difficult
RESTAURANT
$660,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $600k (Feb 5 2025)
Last sale anchor
$600k
Feb 5 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$77 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,100
Tax year 2023
Assessed value
$138,080
Assessed 2023
Previous assessed
$135,630
+1.8% YoY
Effective rate
6.59%
On assessed value
Assessed land
$36,120
Assessed improvement
$101,960
Land market value
$103,200
Improvement market value
$291,300
Total market value
$394,500
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Total area
7,617 SF
Lot
1 ac (43,560 SF)
APN
28-493751
UPID
US66-2500820
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$355,000
OFFICE BUILDING
Est. value
$815,000
MEDICAL BUILDING
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
RESTAURANT
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lastgen Properties IV LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 8715, WARREN, OH 44484-0715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
$600,000
Lastgen Properties IV LLC
Jay Ash LLC
Deed
—
Nov 16, 2018
$387,500
Jay Ash LLC
Radtka Properties Ltd
Warranty Deed
$310,000 · Middlefield Bkng
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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