New 12,000 SF Warehouse with
For Sale
$739,000
1617 Warner Road Se Canton, Canton, OH 44707
New warehouse with 18-foot ceilings, overhead doors at front and back, and a 10-by-20 office with AC.
Property Size12,000 SF
Lot Size2.39 Acres
Price / SF$61.58
Days on Market48
Property Features for 1617 Warner Road Se Canton
General Information
Standard status
Active
Size
12,000 SF
Lot size
2.39 Acres
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$917
Amenities
automated motion detector UFO LED lights
LED dusk to dawn lights
restroom
office/conference room with AC
storage containers
covered area between storage containers
driveway for semis and large equipment
6' tall galvanized fencing with barb wire
city water
city sewer
AEP electric
Enbridge gas
true
false
2.39
Owner
12000
Building Details
Year Built
2026
Listing Agency:
(330) 472-2967
Listed By:
Christina Moretti
(330) 472-2967
Source:
Christinamoretti.exprealty
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 26 at 6:20AM
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 Christina Moretti
Investment Insights
Based on property information with market context.
New construction warehouse built for flexible expansion on a 2.39-acre lot, measuring 60 by 200. The facility includes 18' ceilings, automated interior motion-detector UFO LED lights, and dusk-to-dawn exterior LED lighting. Heating is provided by 50 tube heater burner heads designed for natural gas, and the building is served by 200-amp 3-phase electric. A restroom is included along with a 10' by 20' office/conference room with AC.
Access is designed for heavy equipment with a 100' driveway for semis and large equipment, supported by ample parking. Overhead doors include a 10' and 16' on the front side and a 16' overhead on the backside. The property also features a 4' tall? (not provided) — instead, it includes 6' tall 9-gauge galvanized fencing with black extruded PVC coating, plus a 16' front gate and 16' back gate.
Additional on-site improvements include two 8.5' by 9.5' by 40' storage containers and a 40' by 40' steel-trussed PVC-covered area between the containers. City water, city sewer, AEP electric, and Enbridge gas are available, and the warehouse is positioned on the lot to allow additional buildings and addresses.
Access is designed for heavy equipment with a 100' driveway for semis and large equipment, supported by ample parking. Overhead doors include a 10' and 16' on the front side and a 16' overhead on the backside. The property also features a 4' tall? (not provided) — instead, it includes 6' tall 9-gauge galvanized fencing with black extruded PVC coating, plus a 16' front gate and 16' back gate.
Additional on-site improvements include two 8.5' by 9.5' by 40' storage containers and a 40' by 40' steel-trussed PVC-covered area between the containers. City water, city sewer, AEP electric, and Enbridge gas are available, and the warehouse is positioned on the lot to allow additional buildings and addresses.
Key Highlights
- Brand new 2026 construction: 60' x 200' warehouse with 18' ceilings
- 2.39‑acre lot (250' wide x 416' 4" deep) with space built on‑site to allow additional buildings and addresses
- Overhead doors: 10' and 16' front overhead doors, plus a 16' overhead on the backside
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
$49,231
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
6.66%
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%
$984,620
$984.6K
Cap Rate 7%
$703,300
$703.3K
Cap Rate 9%
$547,011
$547.0K
Market Conditions
NOI Build-Up for 12,000 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
$58.9K $4.91/SF
− Vacancy
−$1.0K −$0.08/SF
EGI
$57.9K $4.83/SF
− OpEx
−$8.7K −$0.72/SF
NOI
$49.2K $4.10/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
15.00%
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%
$984,620
Cap Rate 7%
$703,300
Cap Rate 9%
$547,011
Alternative Uses
Best Use
Warehouse
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$3.13M
$2.74M – $3.66M
NOI $219,316 @ 7.0% cap · market cap 29.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44707, OH
9,163
Population
4,209
Households
2.2
Avg Household Size
36
Median Age
7%
College-Educated
81%
High-School Grad
15.3 sq mi
ZIP Area
599
Density / Sq Mi
$38,983
Median Household Income
$31,111
Median Earnings
$704
Median Rent
$106,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - New warehouse with 18-foot ceilings, overhead doors at front and back, and a 10-by-20 office with AC.
Where is this warehouse located?
The property is located at 1617 Warner Road Se Canton Canton, OH.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Brand new 2026 construction: 60' x 200' warehouse with 18' ceilings; 2.39‑acre lot (250' wide x 416' 4" deep) with space built on‑site to allow additional buildings and addresses; Overhead doors: 10' and 16' front overhead doors, plus a 16' overhead on the backside
