Light Industrial Auto Shop
For Sale
$350,000
2615 Harrisburg Rd NE, Canton, OH 44705
Drive-through industrial building offers 14’ clear height, two 12’ overhead doors, and a fully fenced yard.
Property Size5,240 SF
Lot Size0.46 Acres
Price / SF$66.79
Days on Market67
Property Features for 2615 Harrisburg Rd NE
General Information
Standard status
Active
Size
5,240 SF
Lot size
0.46 Acres
Property subtype
Industrial
Zoning
Light Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Building Details
Building Size
5,240 SF
Year Built
1969
Listing Agency:
(330) 418-9287
Listed By:
Bryce Custer · License #OH #BRK.2017004455
(330) 418-9287
Source:
Naiglobal
Added: Jun 17
Changed: Aug 17
Last Checked: Aug 22 at 4:52AM
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 Bryce Custer
Investment Insights
Based on property information with market context.
A 5,240 SF light industrial building for sale on 0.456 acres, designed with a drive-through layout for efficient vehicle flow. The property offers 14’ clear height and two 12’ overhead doors, supporting a range of light industrial and automotive-oriented uses. A fully fenced yard provides secure outdoor storage or parking, and a security system is in place. Equipment is also negotiable.
Located in Plain Township, the property is noted in the remarks as having no city income tax. The building is zoned Light Industrial, permitting a wide range of automotive and light industrial uses.
For operations that benefit from direct access and secure outdoor space, this configuration combines overhead-door service capability with a fenced yard for staging and storage.
Located in Plain Township, the property is noted in the remarks as having no city income tax. The building is zoned Light Industrial, permitting a wide range of automotive and light industrial uses.
For operations that benefit from direct access and secure outdoor space, this configuration combines overhead-door service capability with a fenced yard for staging and storage.
Key Highlights
- 5,240 SF industrial building on 0.456 acres with drive‑through configuration
- 14’ clear height and two 12’ overhead doors
- Fully fenced yard for secure outdoor storage/parking
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
$17,704
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
5.06%
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%
$354,080
$354.1K
Cap Rate 7%
$252,914
$252.9K
Cap Rate 9%
$196,711
$196.7K
Market Conditions
NOI Build-Up for 5,240 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
$25.7K $4.91/SF
− Vacancy
−$437 −$0.08/SF
EGI
$25.3K $4.83/SF
− OpEx
−$7.6K −$1.45/SF
NOI
$17.7K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
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%
$354,080
Cap Rate 7%
$252,914
Cap Rate 9%
$196,711
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,768 @ 7.0% cap · market cap 27.36%
Second Best
Industrial
$252.9K
$221.3K – $295.1K
NOI $17,704 @ 7.0% cap · market cap 5.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44705, OH
17,779
Population
7,955
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
84%
High-School Grad
7.9 sq mi
ZIP Area
2,251
Density / Sq Mi
$41,903
Median Household Income
$29,420
Median Earnings
$877
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baskos Small engine Repair LLC — 2522 15th St NE, Canton, OH 44705
- Mahoning Muffler & Brake — 2325 Mahoning Rd NE, Canton, OH 44705
- C F Muffler & Automotive — 2333 Mahoning Rd NE, Canton, OH 44705
- NEW GENERATION BODY SHOP LLC — 1414 Superior Ave NE, Canton, OH 44705
- Desperauto — 1429 Maple Ave NE, Canton, OH 44705
Frequently Asked Questions
What type of property is this?
Auto shop - Drive-through industrial building offers 14’ clear height, two 12’ overhead doors, and a fully fenced yard.
Where is this auto shop located?
The property is located at 2615 Harrisburg Rd NE Canton, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5,240 SF industrial building on 0.456 acres with drive‑through configuration; 14’ clear height and two 12’ overhead doors; Fully fenced yard for secure outdoor storage/parking
