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    2466 Lincoln Way E Massillon, OH

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    Retail space available for lease in high-traffic Massillon location.

    Type:RETAIL
    Property size:
    4,033 SF
    Lot size:
    10.54 Acres
    Added:
    Jul 3, 2024
    Days on Market:
    667
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 2466 Lincoln Way E

    General Information

    Standard status
    Active
    Size
    4,033 SF
    Lot size
    10.54 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2466 Lincoln Way E Contact us

    We can help!

    Listing Contact
    Jared Sanford
    Jared Sanford

    Listing agent Jared Sanford License #SAL.2019004940

    Listing office NAI Spring

    Listing date Jul 3, 2024

    Source Moodyscre

    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 NAI Spring

    Overview

    Retail Space in Massillon Commons

    Located within Massillon Commons Plaza, this retail space offers units ranging from 1,476 to 8,758 square feet for lease. The property benefits from a high-traffic location at a signalized intersection on Lincoln Way, with an average daily traffic count of 17,300. Current tenants in the plaza include Home Depot, Dunham Sports, and Old Carolina. Signage opportunities are available.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.4879
    Latitude
    40.7995

    Nearby Similar for Lease

    • $2,950/Mo

      Retail/Restaurant Space Available

      Retail or restaurant space for lease on Lincoln Way.
      610 Lincoln Way E, Massillon, OH 44646
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    • $5,000/Mo

      Massillon Distribution Center with Retail

      Distribution center with office and retail space in downtown Massillon.
      280 Federal Avenue Northwest, Massillon, OH 44647
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    • $10 SF/Yr

      High-Visibility Corner Retail Opportunity

      Prime corner lot with high traffic and open floor plan.
      3635 Lincoln Way E, Massillon, OH 44646
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      Massillon Retail Space For Lease

      Retail space available in a Walmart/Lowe's anchored power center.
      101 Massillon Marketplace Drive, Massillon, OH 44646
      View Details
    • Contact for pricing

      New Construction Raw Office Space

      2,070 SF raw office space in high retail area.
      2117 Lincoln Way East, Massillon, OH 44646
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    • Contact for pricing

      Retail Space on Lake Avenue

      Retail space available at signaled corner of Lake Avenue.
      1409-1535 Amherst Rd NE, Massillon, OH
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      Retail Space in Power Center

      Retail space available in a Walmart/Lowe's anchored power center.
      15-33 Massillon Marketplace Dr, Massillon, OH
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      Retail Space in Power Center

      Retail space available in a Walmart/Lowe's anchored power center.
      38-44 Massillon Marketplace Dr SW, Massillon, OH
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    • Contact for pricing

      Warehouse with 32' Clear Height

      Warehouse for rent featuring 32' clear height and ample parking.
      Massillon, OH 44646
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      Massillon Retail Space Available

      Retail space for rent in Massillon Marketplace, Massillon, OH.
      101 Massillon Marketplace Dr SW, Massillon, OH 44646
      View Details
    • $18 SF/Yr

      New Construction Raw Office Space

      2,070 SF raw office space in high retail area.
      2217 Lincoln Way E, Massillon, OH
      View Details
    • $5 SF/Yr

      Retail or Warehouse Space Available

      2,500 SF space in high-traffic shopping center.
      2134 Lincoln Way Nw, Massillon, OH
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available for lease in high-traffic Massillon location.
    Where is this strip mall located?
    The property is located at 2466 Lincoln Way E Massillon, OH.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: High traffic location at signalized intersection on Lincoln Way.; Join HomeDepot, Dunham Sports, Old Carolina and others in Massillon Commons Plaza.; **1,476‑8,758/SF Available for lease.**
    (330) 354-3466 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Sanford
    Jared Sanford
    Real Estate License ID: SAL.2019004940
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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