Multi-Tenant Auto
New
For Sale
$575,000
219 Navarre Rd SW, Canton, OH 44707
Fully occupied commercial property with multiple units suited to automotive-related operations.
Property Size15,321 SF
Price / SF$37.53
Days on Market1
Property Features for 219 Navarre Rd SW
General Information
Standard status
Active
Size
15,321 SF
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
15,321 SF
Year Built
1969
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Commercial - OH
Listed By:
Julie Castner · License #OH #SAL.2023005555
(330) 608-9714
Source:
7s
Added: Sep 5
Last Checked: Sep 5 at 2:54PM
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 eXp Commercial - OH
Investment Insights
Based on property information with market context.
This multi-tenant auto shop property contains 15,321 square feet across 3 units. Constructed in 1969, the building is currently 100% occupied and is classified within the auto shop property sector. The configuration provides separate unit areas within a single commercial building, supporting automotive-related occupancy at the property.
Located at 219 Navarre Rd SW in Canton, Ohio, the asset offers an established commercial setting for its existing occupants. Its combination of three units, full occupancy, and automotive-oriented classification defines the property’s primary operating profile.
Located at 219 Navarre Rd SW in Canton, Ohio, the asset offers an established commercial setting for its existing occupants. Its combination of three units, full occupancy, and automotive-oriented classification defines the property’s primary operating profile.
Key Highlights
- 15,321 SF commercial building
- 3‑unit configuration
- 100% occupancy
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
$51,763
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
9.00%
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%
$1,035,260
$1.0M
Cap Rate 7%
$739,471
$739.5K
Cap Rate 9%
$575,144
$575.1K
Market Conditions
NOI Build-Up for 15,321 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
$75.2K $4.91/SF
− Vacancy
−$1.3K −$0.08/SF
EGI
$73.9K $4.83/SF
− OpEx
−$22.2K −$1.45/SF
NOI
$51.8K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
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%
$1,035,260
Cap Rate 7%
$739,471
Cap Rate 9%
$575,144
Alternative Uses
Best Use
Retail
$4.00M
$3.50M – $4.67M
NOI $280,011 @ 7.0% cap · market cap 48.70%
Second Best
Industrial
$739.5K
$647.0K – $862.7K
NOI $51,763 @ 7.0% cap · market cap 9.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Well-served
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gallagher's Auto Center — 1756 Cleveland Ave SW, Canton, OH 44707
- DesperAuto — 1779 Cleveland Ave SW, Canton, OH 44707
- Triple R Truck Repair — 1824 Kimball Rd SE, Canton, OH 44707
- Brinks Auto — 1706 Market Ave S, Canton, OH 44707
- Angeli machine — 300 15th St SW, Canton, OH 44707
Frequently Asked Questions
What type of property is this?
Auto shop - Fully occupied commercial property with multiple units suited to automotive-related operations.
Where is this auto shop located?
The property is located at 219 Navarre Rd SW Canton, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 15,321 SF commercial building; 3‑unit configuration; 100% occupancy
