Building Details

Year Built 1999

Buildings 1

Stories 2

Building Size 4,200 SF

Tenancy Multi

Listing Agency: Keller Williams Legacy Group Realty

Listed By: Jared E Dutton · License #2005014275 Show Phone

Source: Groganzeiger

Added: Jul 6 Changed: Oct 1 Last Checked: Oct 5 at 10:53PM

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Investment Insights

Based on property information with market context.

This 4,200+/- square foot mixed-use building, constructed in 1999, is arranged as two separate units across the first and second floors. The interiors have been cleared, creating open layouts that can be customized for office, retail, or service-oriented operations.

The first floor provides direct street access and strong exposure from its downtown setting. The upper unit benefits from abundant natural light, supporting office, creative-work, or retail configurations. The property is located at 137 Federal Avenue NW in Massillon, Ohio, minutes from State Route 21, and may accommodate either an owner-occupant or separate leasing of the units.

Key Highlights

• 4,200+/- square feet of mixed‑use commercial space
• Two separate units spanning the first and second floors
• Cleared interiors with open floor plans for customization

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,060

Cap Rate

8.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$281,200 $281.2K

Cap Rate 7%

$200,857 $200.9K

Cap Rate 9%

$156,222 $156.2K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$24.6K $5.86/SF

− Vacancy

−$2.1K −$0.50/SF

EGI

$22.5K $5.36/SF

− OpEx

−$8.4K −$2.01/SF

NOI

$14.1K $3.35/SF

Area

Stark County, OH

Vacancy

8.60%

Lease Rate

$5.86 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$281,200

Cap Rate 7%

$200,857

Cap Rate 9%

$156,222

Alternative Uses

Best Use

Retail

$1.10M

$959.5K – $1.28M (±1% cap)

NOI $76,760 @ 7.0% cap · market cap 43.86%

Second Best

Office B

$725.0K

$634.3K – $845.8K (±1% cap)

NOI $50,747 @ 7.0% cap · market cap 29.00%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Champion 1 Hour ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

790

Businesses Nearby

Explore this area Business Placement

Demographics for 44647, OH

18,368

Population

8,187

Households

2.2

Avg Household Size

44

Median Age

16%

College-Educated

93%

High-School Grad

28.9 sq mi

ZIP Area

636

Density / Sq Mi

$65,974

Median Household Income

$40,636

Median Earnings

$946

Median Rent

$141,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Open interiors provide flexible space for office, retail, or service-oriented uses.

Where is this mixed-use property located?

The property is located at 137 Federal Ave NW Massillon, OH.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 4,200+/- square feet of mixed‑use commercial space; Two separate units spanning the first and second floors; Cleared interiors with open floor plans for customization