Back to Search
Property profile & analytics
FOR SALE
Medical Office Space
8345 East Market St Howland, OH 44484
Individually Owned
5-yr Hold
Free & Clear
Property ID
US66-2292489
For Sale
1 / 34
$790,000
8345 East Market St, Howland, OH 44484
View Listing →
Property summary
AI-generated overview
This exceptional 1-acre commercial land parcel presents a remarkable redevelopment opportunity. Strategically located at the highly visible traffic light intersection of East Market Street and SR 46 (Niles Cortland Road) in Warren, Ohio, this property boasts unparalleled visibility and accessibility. Its prime location places it directly across from a BP gas station and Get Go convenience store, and in close proximity to a Giant Eagle supermarket and Arby's restaurant, ensuring high traffic flow and substantial consumer presence. The property's zoning is CRD2, offering flexibility for a variety of commercial developments. Furthermore, its convenient proximity to Route 82 and the Eastwood Mall Complex provides easy access to a large consumer base and regional transportation networks. This is an exceptional opportunity for developers seeking a high-impact location with significant potential for return on investment. The asking price is $1,400,000. The property's address is 8345 E Market St, Warren, OH 44484.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
5,110 SF
Lot
1.07 ac (46,740 SF)
APN
28-531001
UPID
US66-2292489
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
-
Hunt Law LLC Law Firm
-
Schuster & Associates Dental Office
-
Vapin’ Ape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Diana G. Karnavas, DPM, FACFAS, CWS Physician
-
Thomas P. Ashdown, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$565k
Owner & transaction history
John E Schuster · 5 yrs held
John E Schuster
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Howland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howland 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
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$545,000
Current use
COMMERCIAL (GENERAL)
$525,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$111 / 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
$16,015
Tax year 2023
Assessed value
$243,010
Assessed 2023
Previous assessed
$133,770
+81.7% YoY
Effective rate
6.59%
On assessed value
Assessed land
$107,030
Assessed improvement
$135,980
Land market value
$305,800
Improvement market value
$388,500
Total market value
$694,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1974
Heating
NONE
Buildings
3
Stories
1
Total area
5,110 SF
Lot
1.07 ac (46,740 SF)
APN
28-531001
UPID
US66-2292489
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
MEDICAL BUILDING Current
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$525,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1974
Heating
NONE
Stories
1
Buildings
3
Lot
1.07 ac
Current owner
From public records · entity-resolved
John E Schuster
Individual
Free & Clear · 5 yrs held
Mailing address
9197 CHALFONTE DR NE, WARREN, OH 44484-2111
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
John E Schuster
John C Schuster
Transfer On Death Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
