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

    Massillon, OH 44662

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    633,415 SF multi-tenant industrial facility with immediate income.

    We can help!

    Listing Contact
    Terry Coyne
    Source: Nmrk

    Listing Agent: Terry Coyne

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

    Learn more

    Overview

    Massillon Industrial Facility For Sale

    The property at 4676 Erie Avenue in Massillon, Ohio, is a 633,415 square foot multi-tenant industrial facility. The property is 100% leased to two established companies, providing immediate in-place income. The facility has undergone extensive improvements, including repaired columns and warehouse concrete floors, remodeled offices, and upgraded sprinkler systems for dense storage. Situated on a 55-acre site, the property offers ample room for car and trailer parking, truck maneuvering, and expansion. Building specifications include a 35-foot clear height, an 8-inch warehouse floor, and 84 dock doors maintained with dock levelers and dock locks. Upgraded LED lighting and racking installed with in-rack sprinklers are present, along with heavy power and a server room with FM200 waterless fire suppression. The first and second-floor offices have been remodeled with new carpet, paint, and window treatments. Potential rail access is available with modifications. The property offers accessibility, with proximity to Rt. 30, 62, and 21 as well as I-77.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5547
    Latitude
    40.7079

    Nearby Similar for Sale

    • New
      $449,900
      7,194 SF

      Updated Quadplex on 2.5 Acres

      Updated Massillon quadplex on 2.5 acres with income potential.
      8983 Beatty St NW, Massillon, OH 44646
      View Details
    • New
      $259,900
      2,608 SF

      Massillon Duplex on Corner Lot

      Duplex on corner lot with updated units and garages.
      1116 Genoa Ave NW, Massillon, OH 44646
      View Details
    • New
      $235,000
      Pending

      Massillon Multifamily Investment Opportunity

      Multifamily property in Massillon, Ohio, generating $2,720 monthly income.
      3412 Bailey St NW, Massillon, OH 44646
      View Details
    • Contact for pricing
      3,008 SF

      Historic Massillon Duplex with Garage

      Historic duplex on .21 acres with two-car garage.
      415 4Th St NE, Massillon, OH 44646
      View Details
    • $250,000
      0.07 Acres

      Commercial Building in Desirable Location

      Commercial building with storefront and open space in Massillon, OH.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • New
      $144,900
      2,048 SF

      Massillon Duplex Investment Opportunity

      Well-maintained duplex in Massillon with strong rental income potential.
      705-707 Seneca St NE, Massillon, OH 44646
      View Details
    • New
      $334,900
      1,536 SF

      Massillon Multi-Family Investment Opportunity

      Two homes on one acre, fully rented for reliable income.
      8242-8244 Navarre Rd SW, Massillon, OH 44646
      View Details
    • $119,900
      1,926 SF

      Income-Producing Duplex in Massillon, OH

      Two-unit property with strong rental history and separate utilities.
      504 5Th St SW, Massillon, OH 44647
      View Details
    • $325,000
      1.55 Acres

      Restaurant/Bar Opportunity with Real Estate

      Established restaurant/bar with real estate, equipment, and liquor license.
      1911 Erie Ave NW, Massillon, OH 44646
      View Details
    • $875,000

      Landmark Restaurant & Building For Sale

      Thriving restaurant business and building in prime Massillon location.
      37 1St St Sw, Massillon, OH 44646
      View Details
    • $1,147,700

      Historic Downtown Massillon Investment Opportunity

      Historic building with income, development potential in Downtown Massillon.
      11 Lincoln Way W, Massillon, OH 44647
      View Details
    • $1,999,000
      105,716 SF

      Massillon Industrial Facility with Cranes

      105,716 SF industrial building on 9.8 acres.
      1845 Harsh Ave Se, Massillon, OH 44646
      View Details

    FAQs

    What type of property is this?
    Industrial property - 633,415 SF multi-tenant industrial facility with immediate income.
    Where is this industrial property located?
    The property is located at Massillon, OH.
    What are key features of this property?
    This property features: - 100% leased to two established companies, providing immediate income and operational stability.; - Extensive improvements completed, including floor and column repairs, office remodeling, and upgraded sprinkler systems.; - Spacious 55-acre site with ample parking, truck maneuvering space, and expansion potential.
    (216) 453-3001
    Request Owner's contact information
    Massillon, OH 44662
    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.
    Massillon, OH 44662
    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
    Massillon, OH 44662
    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
    Terry Coyne
    (216) 453-3001
    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.