117-Unit Self Storage
For Sale
$899,900
112 Shoreline Avenue NW, Canton, OH 44708
CommercialSale, Canton, OH
Property Size8,220 SF
Lot Size0.97 Acres
Price / SF$109.48
Days on Market83
Property Features for 112 Shoreline Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Elementary school district
Perry LSD Stark- 7614
Middle school district
Perry LSD Stark- 7614
High school district
Perry LSD Stark- 7614
Directions
112 Shoreline Canton, Ohio 44708
Standard status
Active
APN
04316953
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
11 SE .97A
Tax Annual Amount
11960
Legal Description
11 SE .97A
Amenities
electric gate with pass codes
Building Details
Year built
1992
Listing Agency:
Kiko
(330) 453-9187
Listed By:
Randy L Compton · License #399400
(330) 704-5702
Added: Jun 9
Changed: Aug 19
Last Checked: Aug 30 at 11:06PM
MLS# 5219463
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self-storage property includes 117 units within an 8,220-square-foot facility built in 1992. The site encompasses 0.97 acres and is fully enclosed, with an electric gate controlled by pass codes. Seven open parking spaces provide additional outdoor storage capacity.
Located in Perry Township in Stark County, Ohio, the facility is positioned in the Canton area. The combination of enclosed storage, gated access, and outdoor parking creates a defined operating setup for a self-storage property.
Located in Perry Township in Stark County, Ohio, the facility is positioned in the Canton area. The combination of enclosed storage, gated access, and outdoor parking creates a defined operating setup for a self-storage property.
Key Highlights
- 117 self‑storage units
- 8,220 square feet under roof
- 0.97‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,440
$1.6M
Cap Rate 7%
$1,168,886
$1.2M
Cap Rate 9%
$909,133
$909.1K
Market Conditions
NOI Build-Up for 8,220 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$123.3K $15.00/SF
− Vacancy
−$6.4K −$0.78/SF
EGI
$116.9K $14.22/SF
− OpEx
−$35.1K −$4.27/SF
NOI
$81.8K $9.95/SF
Area
Stark County, OH
Vacancy
5.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,440
Cap Rate 7%
$1,168,886
Cap Rate 9%
$909,133
Alternative Uses
Best Use
Self Storage
$1.17M
$1.02M – $1.36M
NOI $81,822 @ 7.0% cap · market cap 9.09%
Second Best
Warehouse
$481.8K
$421.5K – $562.1K
NOI $33,723 @ 7.0% cap · market cap 3.75%
Theoretical Best
Retail
$2.15M
$1.88M – $2.50M
NOI $150,231 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 44708, OH
25,386
Population
11,758
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
10.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$60,159
Median Household Income
$37,217
Median Earnings
$926
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced storage facility with coded electric-gate entry and additional outdoor parking spaces.
Where is this self storage facility located?
The property is located at 112 Shoreline Avenue NW Canton, OH.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 117 self‑storage units; 8,220 square feet under roof; 0.97‑acre site
