Industrial Building Available October
For Sale
Contact for pricing
1934 Navarre Rd SW, Canton, OH
23,750 SF industrial building on 1.15 acres, relocating business.
Property Size23,750 SF
Lot Size1.15 Acres
Price / SF$41.89
Days on Market462
Property Features for 1934 Navarre Rd SW
General Information
Standard status
Active
Size
23,750 SF
Lot size
1.15 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Akron
(216) 687-1800
Listed By:
Steve Lazarides
(216) 687-1800
Source:
Moodyscre
Added: May 5, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:21PM
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 CBRE | Akron
Investment Insights
Based on property information with market context.
This industrial building, totaling approximately 23,750 square feet, will be available in October 2025 due to the current business relocating. The property is situated on approximately 1.15 acres and is identified by parcel ID 244720. Zoned I-1 Light Industrial, the building was constructed in stages between 1924 and 1989. It features air-conditioned office space, including 1,800 square feet on the first floor and an additional 1,800 square feet on the second floor. The building is equipped with a wet sprinkler system and is connected to public sewer and water. The property is described as clean and well-maintained. It is located just north of US-30, between Dueber Avenue and Harrison Avenue.
Key Highlights
- Zoned I‑1 Light Industrial
- Total building size: ±23,750 SF
- Total acreage: ±1.15 acres
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
$80,241
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
8.06%
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%
$1,604,820
$1.6M
Cap Rate 7%
$1,146,300
$1.1M
Cap Rate 9%
$891,567
$891.6K
Market Conditions
NOI Build-Up for 23,750 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
$116.6K $4.91/SF
− Vacancy
−$2.0K −$0.08/SF
EGI
$114.6K $4.83/SF
− OpEx
−$34.4K −$1.45/SF
NOI
$80.2K $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 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%
$1,604,820
Cap Rate 7%
$1,146,300
Cap Rate 9%
$891,567
Alternative Uses
Best Use
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,436 @ 7.0% cap · market cap 9.79%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,241 @ 7.0% cap · market cap 8.06%
Theoretical Best
Retail
$6.20M
$5.43M – $7.23M
NOI $434,062 @ 7.0% cap · market cap 43.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
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?
Manufacturing property - 23,750 SF industrial building on 1.15 acres, relocating business.
Where is this manufacturing property located?
The property is located at 1934 Navarre Rd SW Canton, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Zoned I‑1 Light Industrial; Total building size: **±23,750 SF**; Total acreage: ±1.15 acres
