2662 Columbus Rd NE, Canton, OH 44705

Building Details

Year Built 1971 More

Tenancy Single More

Listing Agency: RE/MAX Crossroads Properties

Listed By: Jennifer K Zeiger · License #2015004881 Show Phone

Source: Centralohiohomeguide

Added: Oct 26 Changed: Nov 7 Last Checked: Nov 8 at 7:13AM

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Investment Insights

Based on property information with market context.

The 2,224-square-foot medical office was built in 1971 and is currently used as a medical practice. Its layout includes a waiting area and reception with check-in desks and a service window, four exam rooms, and a centrally placed lab with built-in work surfaces, cabinetry, and a sample pass-through. A private rear office features built-in bookcases; the property also has three bathrooms and a storage room near the waiting area. Exam rooms contain cabinetry and exam beds.

The building occupies a corner lot and has on-site parking. Existing medical-practice fittings and the multi-room layout define the current configuration.

Key Highlights

• 2,224 square feet; built in 1971
• Four exam rooms with cabinetry and exam beds
• Central lab with built‑in desks, cabinetry, and a sample pass‑through door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,106

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,120 $542.1K

Cap Rate 7%

$387,229 $387.2K

Cap Rate 9%

$301,178 $301.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,224 SF

Gross rent

$48.8K $21.96/SF

− Vacancy

−$3.7K −$1.65/SF

EGI

$45.2K $20.31/SF

− OpEx

−$18.1K −$8.13/SF

NOI

$27.1K $12.19/SF

Area

Stark County, OH

Vacancy

7.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,120

Cap Rate 7%

$387,229

Cap Rate 9%

$301,178

Alternative Uses

Best Use

Healthcare Medical

$387.2K

$338.8K – $451.8K (±1% cap)

NOI $27,106 @ 7.0% cap · market cap 9.04%

Second Best

Office B

$383.9K

$335.9K – $447.9K (±1% cap)

NOI $26,871 @ 7.0% cap · market cap 8.96%

Theoretical Best

Retail

$580.7K

$508.1K – $677.4K (±1% cap)

NOI $40,646 @ 7.0% cap · market cap 13.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Blumer Daniel DO Pediatrician Blumer & Blumer Inc Medical Clinic KeyBank ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44705, OH

17,779

Population

7,955

Households

2.2

Avg Household Size

37

Median Age

10%

College-Educated

84%

High-School Grad

7.9 sq mi

ZIP Area

2,251

Density / Sq Mi

$41,903

Median Household Income

$29,420

Median Earnings

$877

Median Rent

$74,600

Median Home Value

Market

Properties on Market for Medical Office Space in Stark County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Configured for medical practice use, the space includes patient reception, a central lab, private rooms, and on-site parking.

Where is this medical office space located?

The property is located at 2662 Columbus Rd NE Canton, OH.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 2,224 square feet; built in 1971; Four exam rooms with cabinetry and exam beds; Central lab with built‑in desks, cabinetry, and a sample pass‑through door