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    Modern Industrial Warehouse with Offices Title is generated by Realmo AI

    9067 Pleasantwood Ave NW, North Canton, OH 44720

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    For Sale
    $3,140,000

    Warehouse with office space, 3-phase power, LED lighting, and full sprinkler protection.

    Type:Industrial
    Property size:
    48,000 SF
    Price / SF:
    $65/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:21 am

    Property Features for 9067 Pleasantwood Ave NW

    General Information

    Standard status
    Active
    Size
    48,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Spencer Hartung
    Spencer Hartung

    Listing agent Spencer Hartung License #OH #SAL.2016003574

    Listing office Putman Properties, Inc

    Listing date Jun 3, 2026

    Source Putmanproperties

    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

    HighLights

    • 1988‑built modern industrial/warehouse facility with office space
    • Located about 2.1 miles from I‑77 & Akron‑Canton Airport Exit #113
    • Individually metered gas & electric with 480V 3‑phase power
    • New LED lighting throughout the warehouse
    • 30' x 50' column spacing layout
    • 100% sprinklered for fire protection

    Overview

    This modern industrial/warehouse facility includes office space and a functional warehouse configuration supported by 30’ x 50’ column spacing. The building is fully sprinklered and features newly installed LED lighting, helping support clean, efficient illumination throughout the space. Utilities are individually metered, including gas and electric service, with 480V 3-phase power available for compatible operations.

    Located at 9067 Pleasantwood Ave NW in North Canton, Ohio, the property is about 2.1 miles from I-77 and Akron-Canton Airport Exit #113, offering convenient regional connectivity for industrial and distribution needs.

    For buyers seeking an owner-occupant or tenant-ready industrial facility, the combination of office improvements, full sprinkler coverage, and 480V 3-phase power is a practical fit for warehousing, light industrial, and business uses that require both working space and on-site administrative functions. The individually metered setup can also simplify utility responsibility for the occupant.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Island Delights — 8275, 3920 State St NW # A, North Canton, OH 44720

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.415231
    Latitude
    40.9158232

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    FAQs

    What type of property is this?
    Flex space - Warehouse with office space, 3-phase power, LED lighting, and full sprinkler protection.
    Where is this flex space located?
    The property is located at 9067 Pleasantwood Ave NW North Canton, OH.
    What is the asking price?
    The asking price for this property is $3,140,000.
    What are key features of this property?
    This property features: 1988‑built modern industrial/warehouse facility with office space; Located about 2.1 miles from I‑77 & Akron‑Canton Airport Exit #113; Individually metered gas & electric with 480V 3‑phase power
    (330) 498-4400
    We can help!
    Listing Contact
    Spencer Hartung
    Spencer Hartung
    Real Estate License ID: OH #SAL.2016003574
    Learn More
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    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.

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    9067 Pleasantwood Ave NW, North Canton, OH 44720
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