North Canton Office Condo
For Sale
Contact for pricing
1225 S Main St, North Canton, OH 44720
Commercial office condo in prime North Canton location for sale.
Property Size1,037 SF
Price / SF$144.55
Days on Market143
Property Features for 1225 S Main St
General Information
Standard status
Active
Size
1,037 SF
Class
C
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cutler Real Estate
(330) 418-1535
Listed By:
Dominic Fonte · License #SAL.0000345993
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 12 at 10:50AM
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
Investment Insights
Based on property information with market context.
This commercial office condo is located in North Canton and offers frontage with traffic visibility. The ground-level unit is suitable for various professional or business uses. The layout includes 4 private offices, a common area, and a small kitchen/break room. There are 1.5 bathrooms within the unit. The property features an independently owned HVAC system. Ample parking is available. The property size is 1037 square feet.
Key Highlights
- Prime North Canton location with excellent frontage and strong traffic visibility.
- Ground‑level unit featuring 4 private offices, common area, and kitchen/break room.
- Independently owned HVAC system for individual control and efficiency.
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
$12,530
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
8.36%
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%
$250,600
$250.6K
Cap Rate 7%
$179,000
$179.0K
Cap Rate 9%
$139,222
$139.2K
Market Conditions
NOI Build-Up for 1,037 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
$22.3K $21.48/SF
− Vacancy
−$5.6K −$5.37/SF
EGI
$16.7K $16.11/SF
− OpEx
−$4.2K −$4.03/SF
NOI
$12.5K $12.08/SF
Area
Stark County, OH
Vacancy
25.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$250,600
Cap Rate 7%
$179,000
Cap Rate 9%
$139,222
Alternative Uses
Best Use
Office B
$179.0K
$156.6K – $208.8K
NOI $12,530 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$270.8K
$236.9K – $315.9K
NOI $18,953 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Office units - Commercial office condo in prime North Canton location for sale.
Where is this office units located?
The property is located at 1225 S Main St North Canton, OH.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Prime North Canton location with excellent frontage and strong traffic visibility.; Ground‑level unit featuring 4 private offices, common area, and kitchen/break room.; Independently owned HVAC system for individual control and efficiency.
