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    North Canton Medical Space Sublease Title is generated by Realmo AI

    4900 Frank Avenue NW, North Canton, OH 44720

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    Claim this Listing
    For Lease
    $1,000 /Mo

    COMMERCIAL - North Canton, OH

    Type:Office
    Lot size:
    1.08 Acres
    Added:
    Oct 19, 2025
    Days on Market:
    211
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 4900 Frank Avenue NW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    01610400
    Lot size
    1.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Joseph T Luckino
    Joseph T Luckino

    Listing agent Joseph T Luckino License #2015003760

    Listing office Cedar One Realty 143 Canton Rd, Wintersville, OH

    Listing date Oct 19, 2025

    MLS# 5159492

    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.

    HighLights

    • Turn‑key medical space with existing infrastructure to support a medical practice.
    • Includes six private treatment rooms, three exam rooms, a dedicated lab, and a digital X‑ray system.
    • Utilities, phone, and internet are included in the lease.
    • Flexible sublease arrangement with availability two full days per week and potential for more.
    • Features a conference room and full kitchen for staff.
    • Equipped with central air and natural gas heating.

    Overview

    An opportunity exists to sublease up to 3,500 square feet of medical space. The facility includes six private treatment rooms, three exam rooms, a dedicated lab, and a digital X-ray system. A conference room and a full kitchen are available for staff use. Utilities, phone, and internet are included. The space is currently available two full days per week, with the potential for additional time. The lease price will depend on the amount of space and usage. The property is located in North Canton, Ohio, in the 44720 ZIP code, within Stark County. The lot size is 1.08 acres. This setup is suited for a growing practice or a specialist looking to expand, offering a professional layout and built-in amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Dental Office Law Firm Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Banfield Pet Hospital — 5465 Dressler Rd NW, North Canton, OH 44720
    • Lake Cable Animal Hospital — 5222 Fulton Dr NW, Canton, OH 44718
    • VetIQ Petcare — 4934 Fulton Dr NW, Canton, OH 44718
    • CoTwins Veterinary Care — 4545 fulton dr nw, canton, oh 44718

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4430599
    Latitude
    40.8521443

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    FAQs

    What type of property is this?
    Medical Office Space - Well-designed medical space available for sublease in North Canton.
    Where is this medical office space located?
    The property is located at 4900 Frank Avenue NW North Canton, OH.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Turn‑key medical space with existing infrastructure to support a medical practice.; Includes six private treatment rooms, three exam rooms, a dedicated lab, and a digital X‑ray system.; Utilities, phone, and internet are included in the lease.
    (740) 632-9111
    We can help!
    Listing Contact
    Joseph T Luckino
    Joseph T Luckino
    Real Estate License ID: 2015003760
    Learn More
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    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.

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