Mixed-Use Property with Multiple
For Sale
$2,700,000
4925 Fulton Drive NW, Canton, OH 44718
CommercialSale, Canton, OH
Property Size38,009 SF
Lot Size3.48 Acres
Price / SF$71.04
Days on Market33
Property Features for 4925 Fulton Drive NW
General Information
Property type
Commercial Sale
Property subtype
Retail
Elementary school district
Jackson LSD - 7605
Middle school district
Jackson LSD - 7605
High school district
Jackson LSD - 7605
Directions
Fulton Rd. across from the Meijer grocery store.
Standard status
Active
APN
01616237
Lot size
3.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
25 NW 2.55A
Tax Annual Amount
43249
Legal Description
25 NW 2.55A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Listing Agency:
Cutler Real Estate
(330) 492-7230
Listed By:
Michael C Boylan · License #443636
(330) 704-5945
Added: Aug 3
Changed: Sep 2
Last Checked: Sep 4 at 12:06AM
MLS# 5233179
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 mixed-use property includes several maintained buildings totaling 38,009 square feet of rental space on 3.48 acres. The commercial component includes light manufacturing, retail, professional services, heated storage, offices, a fitness center, and warehouse areas. The property also includes a house with three apartments, private entrances, basement laundry areas, and separate enclosed garages. Forced-air natural gas heating, central air, public water, and public sewer serve the improvements.
The property is fully occupied by 13 commercial tenants across 27 units, with additional residential apartments and a cell phone tower lease. A new LED tenant sign system was installed in 2022, the asphalt parking lot was replaced in 2021, and new gas and water lines were installed from the road to meters at the east commercial building that year. The property was built in 1987 and is located in the Belden Village area of Jackson Township.
The property is fully occupied by 13 commercial tenants across 27 units, with additional residential apartments and a cell phone tower lease. A new LED tenant sign system was installed in 2022, the asphalt parking lot was replaced in 2021, and new gas and water lines were installed from the road to meters at the east commercial building that year. The property was built in 1987 and is located in the Belden Village area of Jackson Township.
Key Highlights
- 38,009 square feet of rental space across several commercial buildings
- 3.48‑acre mixed‑use property with commercial and residential components
- 13 commercial tenants occupying 27 units; property reported at 100% occupancy
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
$155,934
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
5.78%
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%
$3,118,680
$3.1M
Cap Rate 7%
$2,227,629
$2.2M
Cap Rate 9%
$1,732,600
$1.7M
Market Conditions
NOI Build-Up for 38,009 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
$186.6K $4.91/SF
− Vacancy
−$3.2K −$0.08/SF
EGI
$183.5K $4.83/SF
− OpEx
−$27.5K −$0.72/SF
NOI
$155.9K $4.10/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
15.00%
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%
$3,118,680
Cap Rate 7%
$2,227,629
Cap Rate 9%
$1,732,600
Alternative Uses
Best Use
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,934 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$1.83M
$1.61M – $2.14M
NOI $128,416 @ 7.0% cap · market cap 4.76%
Theoretical Best
Retail
$9.92M
$8.68M – $11.58M
NOI $694,664 @ 7.0% cap · market cap 25.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 44718, OH
12,607
Population
6,134
Households
2.1
Avg Household Size
47
Median Age
43%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
1,501
Density / Sq Mi
$86,171
Median Household Income
$50,613
Median Earnings
$871
Median Rent
$285,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-building commercial property combines occupied business units with apartments, storage, offices, and warehouse space.
Where is this mixed-use property located?
The property is located at 4925 Fulton Drive NW Canton, OH.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 38,009 square feet of rental space across several commercial buildings; 3.48‑acre mixed‑use property with commercial and residential components; 13 commercial tenants occupying 27 units; property reported at 100% occupancy
