Two-Story Brick Office
For Sale
$2,500,000
5377 Lauby Road, North Canton, OH 44720
Two-story brick office building totaling 15,445 sq. ft. with ample on-site parking.
Property Size15,445 SF
Price / SF$161.86
Days on Market58
Property Features for 5377 Lauby Road
General Information
Standard status
Active
Size
15,445 SF
Property subtype
Office
Building Details
Year Built
1998
Stories
2
Construction
brick
Listing Agency:
Putman Properties, Inc
(330) 936-0276
Listed By:
Spencer Hartung · License #OH #SAL.2016003574
Source:
Putmanproperties
Added: Jun 3
Changed: Jul 22
Last Checked: Jul 23 at 5:33AM
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 two-story brick office building offers 15,445 sq. ft. of office space and is available for sale. The property includes plenty of on-site parking, supporting day-to-day tenant and visitor access.
The building is located at 5377 Lauby Road in North Canton, Ohio (44720).
The building is located at 5377 Lauby Road in North Canton, Ohio (44720).
Key Highlights
- Two‑story brick office building totaling 15,445 sq. ft.
- Year built: 1998.
- Ample on‑site parking.
Financial Insights For Office B
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 | $331.8k | $21.48 |
| − Vacancy | −$82.9k | −$5.37 |
| EGI | $248.8k | $16.11 |
| − OpEx | −$62.2k | −$4.03 |
| NOI | $186.6k | $12.08 |
15,445 SF · lease $21.48/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.67M
$2.33M – $3.11M
NOI $186,614 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$4.03M
$3.53M – $4.70M
NOI $282,277 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
196
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story brick office building totaling 15,445 sq. ft. with ample on-site parking.
Where is this office building located?
The property is located at 5377 Lauby Road North Canton, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑story brick office building totaling 15,445 sq. ft.; Year built: 1998.; Ample on‑site parking.
