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Property profile & analytics
OFF-MARKET
Estimated value
$8,390,000
Outlet malls
940 Niles Cortland SE Rd Warren, OH 44484-2537
Entity Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2244296
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
134,376 SF
Lot
23.39 ac (1,018,996 SF)
APN
44-205277
UPID
US66-2244296
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
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Garden Center Garden Center
-
Installation Services General Contractor
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$8.39M
Owner & transaction history
LOWES HOME CENTER INC
LOWES HOME CENTER INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.8M
+80.5%
Restaurant
$10.7M
+39.4%
Auto repair, garage
$9.9M
+29.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,665,000
Current use
COMMERCIAL (GENERAL)
$13,835,000
Change: +81% · Conversion: Easy
RESTAURANT
$10,685,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,890,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$8,110,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,560,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,440,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$8.39M
Range $7.55M – $9.23M · ±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
$62 / 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
$98,850
Tax year 2023
Assessed value
$1,868,800
Assessed 2023
Previous assessed
$1,545,640
+20.9% YoY
Effective rate
5.29%
On assessed value
Assessed land
$439,990
Assessed improvement
$1,428,810
Land market value
$1,257,100
Improvement market value
$4,082,300
Total market value
$5,339,400
Applied tax rate
44.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
134,376 SF
Lot
23.39 ac (1,018,996 SF)
APN
44-205277
UPID
US66-2244296
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
RETAIL STORES Current
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$13.8M
RESTAURANT
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$9.9M
OFFICE BUILDING
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$6.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1995
Heating
NONE
Stories
1
Lot
23.39 ac
Current owner
From public records · entity-resolved
LOWES HOME CENTER INC
Entity
Free & Clear · 0 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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