Freestanding Medical
New
For Sale
Contact for pricing
1107 Lincoln Way E, Massillon, OH 44646
Vacant space includes reception, treatment areas, a meeting room, lunchroom, and on-site parking.
Property Size2,600 SF
Lot Size0.25 Acres
Price / SF$151.88
Days on Market5
Property Features for 1107 Lincoln Way E
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
30
Lot size
0.25 Acres
Property subtype
Office
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
1
Owner Occupied
No
Listing Agency:
BUCKEYE PROFESSIONAL REALTY
Listed By:
Jonny Dallas · License #BRKP.2026001045
(330) 808-7255
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BUCKEYE PROFESSIONAL REALTY
Investment Insights
Based on property information with market context.
This freestanding medical office property contains approximately 2,600 square feet and is currently vacant. Its layout includes a reception area and lobby, treatment and office rooms, meeting space, a lunchroom, and restrooms. Public water and sewer serve the building, which has forced-air gas heat and central air conditioning.
The property is at 1107 Lincoln Way E in Massillon, with access along Lincoln Way E. The listing estimates daily traffic at about 15,000 vehicles. The site has approximately 30 parking spaces.
Previously used as a veterinary clinic, the building’s commercial zoning and existing room configuration may accommodate other medical, professional, or service uses, according to the property information.
The property is at 1107 Lincoln Way E in Massillon, with access along Lincoln Way E. The listing estimates daily traffic at about 15,000 vehicles. The site has approximately 30 parking spaces.
Previously used as a veterinary clinic, the building’s commercial zoning and existing room configuration may accommodate other medical, professional, or service uses, according to the property information.
Key Highlights
- Approximately 2,600 square feet in a freestanding building
- Approximately 30 on‑site parking spaces
- Former veterinary clinic with reception, treatment and office areas
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
$31,688
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
8.02%
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%
$633,760
$633.8K
Cap Rate 7%
$452,686
$452.7K
Cap Rate 9%
$352,089
$352.1K
Market Conditions
NOI Build-Up for 2,600 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
$57.1K $21.96/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$52.8K $20.31/SF
− OpEx
−$21.1K −$8.13/SF
NOI
$31.7K $12.19/SF
Area
Stark County, OH
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$633,760
Cap Rate 7%
$452,686
Cap Rate 9%
$352,089
Alternative Uses
Best Use
Healthcare Medical
$452.7K
$396.1K – $528.1K
NOI $31,688 @ 7.0% cap · market cap 8.02%
Second Best
Office B
$448.8K
$392.7K – $523.6K
NOI $31,415 @ 7.0% cap · market cap 7.96%
Theoretical Best
Retail
$678.8K
$594.0K – $792.0K
NOI $47,518 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Christine Mark A DVM — 1107 Lincoln Way E, Massillon, OH 44646
- Massillon Animal Hospital Inc: Glick-Ullum, Sonia J DVM — 1107 Lincoln Way E, Massillon, OH 44646
- Dr. Daniel Evans, Jr. — 1107 Lincoln Way E, Massillon, OH 44646
- Massillon Animal Hospital — 1701 Lincoln Way E, Massillon, OH 44646
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant space includes reception, treatment areas, a meeting room, lunchroom, and on-site parking.
Where is this medical office space located?
The property is located at 1107 Lincoln Way E Massillon, OH.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Approximately 2,600 square feet in a freestanding building; Approximately 30 on‑site parking spaces; Former veterinary clinic with reception, treatment and office areas
