Light Industrial Multi-Building
1107 Melchoir Pl Sw Canton, OH 44707
1107 Melchoir Pl Sw, Canton, OH, 44707
$399,000
For Sale
$399,000
Two adjacent light-industrial buildings offer shop/office space and a heated, air-conditioned warehouse.
Property Size9,100 SF
Price / SF$43.85
Days on Market738
Property Features for 1107 Melchoir Pl Sw
General Information
- Standard status
- Active
- Size
- 9,100 SF
Listing agency
Cutler Real Estate
(330) 704-5945
Listed by
Michael C Boylan · License #443636
(330) 704-5945
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 22 at 1:45AM Checked: Jul 22 at 9:05AM
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 sale package includes two adjacent buildings totaling 9,100 square feet, zoned I-1 (Light Industrial). 1107 Melchoir Place SW features shop and office space with updated electrical from 2020 and a 600-amp electrical service. The shop area is divided into six rooms, includes a half bath and a slop sink area, and offers man doors plus an 8' overhead door with opener in Room 2. The office area includes a first-floor lobby and second-floor offices, along with a bath with shower and additional storage, as well as an office kitchen area with oak cabinetry.
806 Cook Ave. SW provides an 2,800-square-foot heated and air-conditioned warehouse with an open layout and 12' ceilings. The building has one 10'x16' overhead door with opener, 3-phase 240/480 electric service, 10-inch concrete floors, and a floor drain, plus two man doors, a sink in a garage area, and a large restroom.
1107 Melchoir Place SW is vacant. 806 Cook Ave. SW is currently leased on a month-to-month basis at $1,700 per month.
806 Cook Ave. SW provides an 2,800-square-foot heated and air-conditioned warehouse with an open layout and 12' ceilings. The building has one 10'x16' overhead door with opener, 3-phase 240/480 electric service, 10-inch concrete floors, and a floor drain, plus two man doors, a sink in a garage area, and a large restroom.
1107 Melchoir Place SW is vacant. 806 Cook Ave. SW is currently leased on a month-to-month basis at $1,700 per month.
Key Highlights
- Two adjacent light‑industrial buildings totaling 9,100 SF (Zoned I‑1/Light Industrial).
- 1107 Melchoir Place SW offers 6,300 SF shop & office space, including shop rooms with ceilings up to 12' and 8' OH door.
- 1107 Melchoir Place SW has updated electrical (2020) with a 600‑amp electrical service.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.7k | $4.91 |
| − Vacancy | −$760 | −$0.08 |
| EGI | $43.9k | $4.83 |
| − OpEx | −$13.2k | −$1.45 |
| NOI | $30.7k | $3.38 |
9,100 SF · lease $4.91/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,951 @ 7.0% cap · market cap 27.56%
Second Best
Warehouse
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 9.36%
Theoretical Best
Retail
$2.38M
$2.08M – $2.77M
NOI $166,314 @ 7.0% cap · market cap 41.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OGS Procurement, INC
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two adjacent light-industrial buildings offer shop/office space and a heated, air-conditioned warehouse.
Where is this flex space located?
The property is located at 1107 Melchoir Pl Sw Canton, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two adjacent light‑industrial buildings totaling 9,100 SF (Zoned I‑1/Light Industrial).; 1107 Melchoir Place SW offers 6,300 SF shop & office space, including shop rooms with ceilings up to 12' and 8' OH door.; 1107 Melchoir Place SW has updated electrical (2020) with a 600‑amp electrical service.
