Belden Village Medical Office
For Sale
Contact for pricing
4601 Everhard Rd NW, Canton, OH 44720
Two-story medical office building in Belden Village for sale.
Property Size4,600 SF
Lot Size1.09 Acres
Price / SF$280.43
Days on Market956
Property Features for 4601 Everhard Rd NW
General Information
Standard status
Active
Size
4,600 SF
Lot size
1.09 Acres
Property subtype
OFFICE
Properties For Sale
at 4601 Everhard Rd NW Contact us- Floor
- 1-2
- Size
- 4,600 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
4601 Everhard Rd Nw
1st floor includes vestibule entry, large waiting area that sits up to 16, reception...
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Listing Agency:
Putman Properties, Inc
(330) 936-0276
Listed By:
Spencer Hartung · License #BRKP.0000334836
(330) 936-0276
Source:
Moodyscre
Added: Jan 10, 2024
Changed: Aug 23
Last Checked: Aug 22 at 3:57AM
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 Putman Properties, Inc
Investment Insights
Based on property information with market context.
This 4,600 square foot, two-story brick and stone modern medical office building is available for sale or lease. Situated on 1.09 acres in Belden Village, Jackson Township, the property features an asphalt parking lot with 24 spaces. The turn-key medical clinic includes furniture, fixtures, and equipment, which are also available for sale. There is room for expansion to double the size of the building. The first floor comprises a vestibule entry, a large waiting area with seating for up to 16, a reception area/nurse's station with a secure filing area, five exam rooms with sinks, a procedure room with a sink, two lab rooms with sinks, two private offices, one larger office with a restroom/shower, three additional restrooms, a kitchenette, a storage closet, and a janitorial closet. The partially finished second-floor walkup is currently used for storage and houses the HVAC and solar hot water heater. Plumbing is in place for an additional restroom on the second floor. Zoned Jackson Township B1 - Suburban Office & Limited Business, the property allows for business, professional, medical, and dental uses. Public water and sanitary sewer are available. The property is conveniently located in Belden Village on Everhard Road NW in Canton, OH, across the street from McDonalds, and less than a mile from I-77. The location in Jackson Township benefits from no personal or corporate income tax. Traffic count on Everhard boasts 18,228 cars per day (2022).
Key Highlights
- Turn‑key medical clinic in Belden Village location.
- Modern medical office building offering 4,600 Sq. Ft. with room for expansion.
- Located in Jackson Township with no personal or corporate income tax.
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
$56,064
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
4.35%
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%
$1,121,280
$1.1M
Cap Rate 7%
$800,914
$800.9K
Cap Rate 9%
$622,933
$622.9K
Market Conditions
NOI Build-Up for 4,600 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
$101.0K $21.96/SF
− Vacancy
−$7.6K −$1.65/SF
EGI
$93.4K $20.31/SF
− OpEx
−$37.4K −$8.13/SF
NOI
$56.1K $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%
$1,121,280
Cap Rate 7%
$800,914
Cap Rate 9%
$622,933
Alternative Uses
Best Use
Healthcare Medical
$800.9K
$700.8K – $934.4K
NOI $56,064 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$794.0K
$694.8K – $926.3K
NOI $55,580 @ 7.0% cap · market cap 4.31%
Theoretical Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,071 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44720, OH
40,744
Population
17,988
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
34.3 sq mi
ZIP Area
1,188
Density / Sq Mi
$81,045
Median Household Income
$46,587
Median Earnings
$977
Median Rent
$233,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Banfield Pet Hospital — 5465 Dressler Rd NW, North Canton, OH 44720
- Stark County Veterinary Emergency Clinic — 4303 Whipple Ave NW, Canton, OH 44708
- Lake Cable Animal Hospital — 5222 Fulton Dr NW, Canton, OH 44718
- VetIQ Petcare — 4934 Fulton Dr NW, Canton, OH 44718
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office building in Belden Village for sale.
Where is this medical office space located?
The property is located at 4601 Everhard Rd NW Canton, OH.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Turn‑key medical clinic in Belden Village location.; Modern medical office building offering 4,600 Sq. Ft. with room for expansion.; Located in Jackson Township with no personal or corporate income tax.
