Flex Space with Dual
For Sale
$399,000
1107 Melchoir Pl SW, Canton, OH 44707
Two adjacent light-industrial buildings combine shop, office, and heated warehouse areas with substantial electrical capacity.
Property Size9,100 SF
Price / SF$43.85
Days on Market50
Property Features for 1107 Melchoir Pl SW
General Information
Standard status
Active
Size
9,100 SF
Zoning
I-1
Warehouse & Industrial
Warehouse Space
2,800 SF
Office Build-Out
2,388 SF
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1994
Buildings
2
Listing Agency:
Cutler Real Estate
Listed By:
Michael C Boylan · License #443636
(330) 704-5945
Source:
Groganzeiger
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 4:23PM
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 Cutler Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property comprises two adjoining buildings totaling 9,100 square feet at separate addresses. The 6,300-square-foot building at 1107 Melchoir Place SW combines 3,912 square feet of shop area with 2,388 square feet of office space. Its shop layout includes six rooms, a half bath, slop sink area, fenced rear access, and varied ceiling heights. The office portion includes a first-floor lobby, three second-floor offices, a bathroom with shower, storage, and a kitchen area with oak cabinetry. Electrical service was updated in 2020 and includes 600 amps.
The 2,800-square-foot building at 806 Cook Ave. SW is heated and air-conditioned, with an open warehouse layout, 12-foot ceilings, a 10-by-16-foot overhead door, 3-phase 240/480 electric, 10-inch concrete floors, a floor drain, two man doors, a sink, and a large restroom. Both buildings carry I-1 light-industrial zoning. The Melchoir building is vacant, while the Cook Avenue warehouse is leased month to month.
The 2,800-square-foot building at 806 Cook Ave. SW is heated and air-conditioned, with an open warehouse layout, 12-foot ceilings, a 10-by-16-foot overhead door, 3-phase 240/480 electric, 10-inch concrete floors, a floor drain, two man doors, a sink, and a large restroom. Both buildings carry I-1 light-industrial zoning. The Melchoir building is vacant, while the Cook Avenue warehouse is leased month to month.
Key Highlights
- Two adjacent buildings totaling 9,100 square feet
- I‑1 light‑industrial zoning at both buildings
- 6,300‑square‑foot shop and office building at 1107 Melchoir Place SW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,745
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
$614.9K
Cap Rate 7%
$439,214
$439.2K
Cap Rate 9%
$341,611
$341.6K
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$44.7K $4.91/SF
− Vacancy
−$760 −$0.08/SF
EGI
$43.9K $4.83/SF
− OpEx
−$13.2K −$1.45/SF
NOI
$30.7K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
Cap Rate 7%
$439,214
Cap Rate 9%
$341,611
Alternative Uses
Best Use
Warehouse
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 9.36%
Second Best
Industrial
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 7.71%
Theoretical Best
Retail
$2.38M
$2.08M – $2.77M
NOI $166,314 @ 7.0% cap · market cap 41.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44707, OH
9,163
Population
4,209
Households
2.2
Avg Household Size
36
Median Age
7%
College-Educated
81%
High-School Grad
15.3 sq mi
ZIP Area
599
Density / Sq Mi
$38,983
Median Household Income
$31,111
Median Earnings
$704
Median Rent
$106,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two adjacent light-industrial buildings combine shop, office, and heated warehouse areas with substantial electrical capacity.
Where is this flex space located?
The property is located at 1107 Melchoir Pl SW Canton, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two adjacent buildings totaling 9,100 square feet; I‑1 light‑industrial zoning at both buildings; 6,300‑square‑foot shop and office building at 1107 Melchoir Place SW
