New Construction
For Sale
$739,000
1617 Warner Road SE, Canton, OH 44707
CommercialSale, Canton, OH
Property Size12,000 SF
Lot Size2.39 Acres
Price / SF$61.58
Days on Market83
Property Features for 1617 Warner Road SE
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
From route 77 south take exit 103, continue on Cleveland Ave SW and then take Mill St SE and Millerton ST SE to Warner Rd SE
Standard status
Active
APN
00400045
Lot size
2.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40089 WH (2.39A)
Tax Annual Amount
917
Legal Description
40089 WH (2.39A)
Utilities
Heating system
Natural Gas
Building Details
Year built
2026
Listing Agency:
Cutler Real Estate
(330) 492-7230
Listed By:
Rich Motts · License #305935
(330) 495-4560
Added: Jun 9
Changed: Aug 19
Last Checked: Aug 30 at 3:06PM
MLS# 5216496
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2026, this 12,000-square-foot warehouse measures 60' x 200' and provides 18' ceilings, motion-activated interior UFO LED lighting, and exterior dusk-to-dawn LED fixtures. Access includes 10' and 16' overhead doors on the front and an additional 16' overhead door at the rear. The building also contains a restroom and a 10' x 20' air-conditioned office/conference room. Natural-gas radiant tube heating and 200 Amp 3 Phase electric service support the facility.
The property encompasses 2.39 acres at 1617 Warner Road SE in Canton, Ohio, with a 250' wide x 416' 4" deep lot. A 100' driveway accommodates semis and large equipment, while six-foot galvanized fencing, barbed wire, and 16' gates at both the front and rear provide controlled access. City water, city sewer, AEP Electric, and Enbridge Gas serve the site.
Two 8.5' x 9.5' x 40' storage containers are connected by a 40' x 40' covered steel-trussed PVC area. The site layout allows for additional buildings.
The property encompasses 2.39 acres at 1617 Warner Road SE in Canton, Ohio, with a 250' wide x 416' 4" deep lot. A 100' driveway accommodates semis and large equipment, while six-foot galvanized fencing, barbed wire, and 16' gates at both the front and rear provide controlled access. City water, city sewer, AEP Electric, and Enbridge Gas serve the site.
Two 8.5' x 9.5' x 40' storage containers are connected by a 40' x 40' covered steel-trussed PVC area. The site layout allows for additional buildings.
Key Highlights
- 12,000 Sq. Foot warehouse with 18' ceilings, built in 2026
- 2.39‑acre lot measuring 250' wide x 416' 4" deep
- 10' and 16' overhead doors on the front, plus a 16' rear overhead door
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
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
359
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stark Storage & Logistics; Stark Moving & Storage — 528 4th St NE, Canton, OH 44702
- The Warehouse — Canton, OH 44704
Frequently Asked Questions
What type of property is this?
Warehouse - Configured for heavy-equipment access with office, restroom, secured fencing, and essential utility service.
Where is this warehouse located?
The property is located at 1617 Warner Road SE 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: 12,000 Sq. Foot warehouse with 18' ceilings, built in 2026; 2.39‑acre lot measuring 250' wide x 416' 4" deep; 10' and 16' overhead doors on the front, plus a 16' rear overhead door
