Mixed-Use Property with
For Sale
$325,000
3013 Tuscarawas St W, Canton, OH 44708
Operating tavern, restaurant, and banquet room occupy the commercial space, with four rented apartments above.
Property Size6,170 SF
Price / SF$52.67
Days on Market130
Property Features for 3013 Tuscarawas St W
General Information
Standard status
Active
Size
6,170 SF
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Hackenberg Realty Group
(330) 754-1478
Listed By:
Karen S Pinion
Source:
Theacclaimedrealty
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 25 at 5:36AM
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 Hackenberg Realty Group
Investment Insights
Based on property information with market context.
Built in 1925, this 6,170-square-foot mixed-use property combines an operating restaurant and tavern with a banquet room. The second level contains four rented apartments, creating a configuration that brings together commercial and residential uses within one building. Central air and electric and gas service are also identified among the property features.
The property is located at 3013 Tuscarawas Street W in Canton, Ohio. The sale includes a functioning restaurant and tavern operation; kitchen equipment and the liquor license are negotiable with an acceptable offer. DJ equipment and lighting are excluded from the sale.
The property is located at 3013 Tuscarawas Street W in Canton, Ohio. The sale includes a functioning restaurant and tavern operation; kitchen equipment and the liquor license are negotiable with an acceptable offer. DJ equipment and lighting are excluded from the sale.
Key Highlights
- 6,170‑square‑foot mixed‑use property
- Operating restaurant and tavern
- Banquet room included in the commercial layout
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
$20,654
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
6.36%
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%
$413,080
$413.1K
Cap Rate 7%
$295,057
$295.1K
Cap Rate 9%
$229,489
$229.5K
Market Conditions
NOI Build-Up for 6,170 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
$36.2K $5.86/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$33.0K $5.36/SF
− OpEx
−$12.4K −$2.01/SF
NOI
$20.7K $3.35/SF
Area
Stark County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
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%
$413,080
Cap Rate 7%
$295,057
Cap Rate 9%
$229,489
Alternative Uses
Best Use
Specialty Retail
$958.9K
$839.0K – $1.12M
NOI $67,122 @ 7.0% cap · market cap 20.65%
Second Best
Multifamily LT 5
$737.3K
$645.1K – $860.2K
NOI $51,611 @ 7.0% cap · market cap 15.88%
Theoretical Best
Retail
$1.61M
$1.41M – $1.88M
NOI $112,765 @ 7.0% cap · market cap 34.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
992
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating tavern, restaurant, and banquet room occupy the commercial space, with four rented apartments above.
Where is this mixed-use property located?
The property is located at 3013 Tuscarawas St W Canton, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 6,170‑square‑foot mixed‑use property; Operating restaurant and tavern; Banquet room included in the commercial layout
