Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    309 Court Ave NW Canton, OH 44702

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr ($7,150 /Mo)

    Desirable retail/office space in Downtown Canton overlooking Centennial Plaza.

    Property size:
    6,600 SF
    Lot size:
    6,600 SF

    Property Features for 309 Court Ave NW

    General Information

    Size
    6,600 SF

    We can help!

    Listing Contact
    Jenna Tharp
    Source: Svn

    Listing Agent: Jenna Tharp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Canton Retail/Office Space

    This property offers a rare opportunity to lease desirable retail or office space in Downtown Canton. Located in the Innovation District and overlooking Centennial Plaza, the space includes unique features such as garage doors, balconies, high ceilings, and exposed brick. Centennial Plaza promotes a vibrant downtown environment, encouraging a 'Live, Work and Play' atmosphere with the capacity to host both daily activities and major events. The location overlooks Centennial Park and is conveniently located next to a parking deck. The Innovation District provides a 100-gigabyte-per-second broadband network. The property benefits from great exposure overlooking Centennial Plaza, a two-acre, $12 million investment in the core of the Downtown Special Improvement District.
    Location Intelligence

    Current Use by Public Records

    Closed Bar Apex Communications Network Media Consultant Canton Innovation District ... Corporate Office Canton OH Customized ... Boat Trailer Dealer Shut Up And Love Art Gallery

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Gym & Fitness Clothing Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3752052
    Latitude
    40.8002314

    Nearby Similar for Lease

    • $6,700 /Mo
      39,248 SF

      Updated Warehouse in Canton, OH

      Spacious, updated warehouse with loading dock and expansion potential.
      1220 5Th St SW, Canton, OH 44707
      View Details
    • $1,900 /Mo
      7,031 SF

      Canton Retail/Office/Mixed-Use Building

      6,156 SF brick building zoned B-5 suitable for various uses.
      814 Cleveland Ave NW, Canton, OH 44702
      View Details
    • $4 SF/Yr
      362,855 SF

      Former Recreation Center For Lease

      Versatile Canton property suitable for fitness, daycare, or community programs.
      2600 25Th St NE, Canton, OH 44705
      View Details
    • $400 /Mo
      37,026 SF

      Furnished Office Suites For Lease

      Furnished office suites available for lease including utilities and internet.
      4501 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • $13 SF/Yr
      48,787 SF

      Canton Office Space For Lease

      Professional office suites available in well-maintained Canton location.
      2223 Fulton Rd NW, Canton, OH 44709
      View Details
    • $16 SF/Yr
      87,120 SF

      Canton Office Space For Lease

      Professional office space near I-77 and Belden Village.
      4974 Higbee Ave NW, Canton, OH 44718
      View Details
    • $1,000 /Mo
      37,026 SF

      Office Space Near Belden Village

      Office suite for lease near Belden Village in Canton, OH.
      4501 Hills And Dales Rd NW unit G Loft, Canton, OH 44708
      View Details
    • $750 /Mo
      37,026 SF

      Furnished Office Space For Rent

      Furnished office suite in Canton, utilities included, ample parking.
      4501 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • $850 /Mo
      26,572 SF

      Affordable Office Space in Canton

      Office space for rent on high traffic street in Canton.
      3757 Cleveland Ave NW, Canton, OH 44709
      View Details
    • New
      $1,500 /Mo
      Pending

      Retail Space in Avondale Plaza

      900 SF retail space in high-traffic Avondale Plaza.
      3982 Fulton Rd NW, Canton, OH 44718
      View Details
    • $450 /Mo
      26,572 SF

      Affordable Office Space in Canton

      Office space for rent with high traffic and signage potential.
      3757 Cleveland Ave NW, Canton, OH 44709
      View Details
    • $450 /Mo
      Pending

      Affordable Office Space in Canton

      Office space for rent with high traffic and signage potential.
      3757 Cleveland Ave NW, Canton, OH 44709
      View Details

    FAQs

    What type of property is this?
    Office space - Desirable retail/office space in Downtown Canton overlooking Centennial Plaza.
    Where is this office space located?
    The property is located at 309 Court Ave NW Canton, OH.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Premier retail/office space in Downtown Canton's Innovation District.; - Overlooks Centennial Plaza, a vibrant 'Live, Work, and Play' destination.; - High ceilings and exposed brick create unique interior features.
    (231) 633-1642
    Request Owner's contact information
    309 Court Ave NW Canton, OH 44702
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    309 Court Ave NW
    Canton, OH 44702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    309 Court Ave NW Canton, OH 44702
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jenna Tharp
    (231) 633-1642
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.