Storefront Building with Upstairs
For Sale
$229,900
1850 Whipple Ave NW, Canton, OH 44708
Commercially zoned property with showroom space, two upstairs bedrooms, and parking on both sides of the building.
Property Size1,356 SF
Price / SF$169.54
Days on Market130
Property Features for 1850 Whipple Ave NW
General Information
Standard status
Active
Size
1,356 SF
Zoning
commercial
Amenities
handicap-accessible bathroom
security system with cameras
Building Details
Year Built
1952
Buildings
1
Listing Agency:
DeHOFF REALTORS
(330) 495-3555
Listed By:
David L Maltese · License #377020
Source:
Theacclaimedrealty
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 25 at 5:36AM
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 DeHOFF REALTORS
Investment Insights
Based on property information with market context.
This 1,356-square-foot storefront property at 1850 Whipple Avenue NW includes a main-level showroom, a handicap-accessible bathroom, central air, and gas service. The upper level contains two bedrooms and a full bathroom, offering additional office or live-work functionality. The building was constructed in 1952 and has received several updates, including windows replaced in 2015, a new roof in 2017, a furnace installed in 2018, and a new hot water heater in October 2025.
Located in Canton, Ohio, the property is zoned commercial and provides asphalt parking at both the front and rear. Additional improvements include basement glass block windows and a security system with cameras. Its combination of retail-oriented ground-floor space and private upper-level rooms supports a flexible storefront configuration.
Located in Canton, Ohio, the property is zoned commercial and provides asphalt parking at both the front and rear. Additional improvements include basement glass block windows and a security system with cameras. Its combination of retail-oriented ground-floor space and private upper-level rooms supports a flexible storefront configuration.
Key Highlights
- 1,356‑square‑foot storefront property at 1850 Whipple Avenue NW
- Main‑level showroom with handicap‑accessible bathroom
- Upper floor includes two bedrooms and a full bathroom
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
$16,384
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
7.13%
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%
$327,680
$327.7K
Cap Rate 7%
$234,057
$234.1K
Cap Rate 9%
$182,044
$182.0K
Market Conditions
NOI Build-Up for 1,356 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
$29.1K $21.48/SF
− Vacancy
−$7.3K −$5.37/SF
EGI
$21.8K $16.11/SF
− OpEx
−$5.5K −$4.03/SF
NOI
$16.4K $12.08/SF
Area
Stark County, OH
Vacancy
25.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$327,680
Cap Rate 7%
$234,057
Cap Rate 9%
$182,044
Alternative Uses
Best Use
Retail
$354.0K
$309.8K – $413.1K
NOI $24,783 @ 7.0% cap · market cap 10.78%
Second Best
Office B
$234.1K
$204.8K – $273.1K
NOI $16,384 @ 7.0% cap · market cap 7.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44708, OH
25,386
Population
11,758
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
10.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$60,159
Median Household Income
$37,217
Median Earnings
$926
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Easterday's Flower & Gift Shop — 2822 Whipple Ave NW, Canton, OH 44708
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned property with showroom space, two upstairs bedrooms, and parking on both sides of the building.
Where is this storefront property located?
The property is located at 1850 Whipple Ave NW Canton, OH.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,356‑square‑foot storefront property at 1850 Whipple Avenue NW; Main‑level showroom with handicap‑accessible bathroom; Upper floor includes two bedrooms and a full bathroom
