Mixed-Use Property with
For Sale
$289,900
1821 Whipple Avenue NW, Canton, OH 44708
CommercialSale, Canton, OH
Property Size2,802 SF
Lot Size0.51 Acres
Price / SF$103.46
Days on Market161
Property Features for 1821 Whipple Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway, Garage
Elementary school district
Jackson LSD - 7605
Middle school district
Jackson LSD - 7605
High school district
Jackson LSD - 7605
Directions
Between 12th St. and Hills and Dales
Standard status
Active
APN
01701164
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36 SE .51A
Tax Annual Amount
2450
Legal Description
36 SE .51A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1939
Floors in Building
2
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Marcy J Klee · License #239450
(330) 495-4581
Added: Apr 9
Changed: Sep 12
Last Checked: Sep 16 at 8:06PM
MLS# 5200009
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.
This mixed-use property combines a tenant-occupied home with a 2,802-square-foot heated outbuilding and workshop. The building includes four overhead garage doors, a half bath, and a fully finished second floor in the front section for office or workspace use. A one-car garage, driveway, and ample parking are also provided.
The property occupies 0.5126 acres at 1821 Whipple Avenue NW in Canton, Ohio. It is commercially zoned and served by public water and public sewer, with forced-air and natural-gas heating. Built in 1939, the site is positioned along a high-traffic street with visibility and room for business operations, equipment storage, or related commercial use.
The property occupies 0.5126 acres at 1821 Whipple Avenue NW in Canton, Ohio. It is commercially zoned and served by public water and public sewer, with forced-air and natural-gas heating. Built in 1939, the site is positioned along a high-traffic street with visibility and room for business operations, equipment storage, or related commercial use.
Key Highlights
- 2,802‑square‑foot heated outbuilding/workshop
- Four overhead garage doors
- Fully finished second floor in front section for office or workspace
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
$11,495
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
3.97%
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%
$229,900
$229.9K
Cap Rate 7%
$164,214
$164.2K
Cap Rate 9%
$127,722
$127.7K
Market Conditions
NOI Build-Up for 2,802 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
$13.8K $4.91/SF
− Vacancy
−$234 −$0.08/SF
EGI
$13.5K $4.83/SF
− OpEx
−$2.0K −$0.72/SF
NOI
$11.5K $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%
$229,900
Cap Rate 7%
$164,214
Cap Rate 9%
$127,722
Alternative Uses
Best Use
Warehouse
$164.2K
$143.7K – $191.6K
NOI $11,495 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$135.2K
$118.3K – $157.8K
NOI $9,467 @ 7.0% cap · market cap 3.27%
Theoretical Best
Retail
$731.6K
$640.1K – $853.5K
NOI $51,210 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with a tenant-occupied home, heated workshop, overhead doors, and finished office workspace.
Where is this mixed-use property located?
The property is located at 1821 Whipple Avenue NW Canton, OH.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,802‑square‑foot heated outbuilding/workshop; Four overhead garage doors; Fully finished second floor in front section for office or workspace
