Warehouse with Hydraulic
New
For Sale
$125,000
3105 11th St SW, Canton, OH 44710
The building combines service-bay space with a reception area, office and mechanical room.
Property Size1,728 SF
Days on Market2
Property Features for 3105 11th St SW
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
13 ft
Building Details
Building Size
1,728 SF
Year Built
1978
Listing Agency:
NAI Spring
Listed By:
Joe Jackson · License #SAL.2022005538
(330) 933-6349
Source:
Naiglobal
Added: Sep 26
Last Checked: Sep 26 at 3:14PM
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
Investment Insights
Based on property information with market context.
Built in 1978, this warehouse includes two large-bay hydraulic lifts, a floor drain in the smaller bay, and overhead doors in multiple sizes. Interior space also includes a mechanical room, a reception area with a window opening to the warehouse, and a separate office. The clear height is 13 feet.
The property occupies a signal-controlled corner at 11th Street SW and Maryland Avenue SW, with access to I-77. Roofing work includes recoating the flat section in 2023 and replacing the shingled section around 2022.
The property occupies a signal-controlled corner at 11th Street SW and Maryland Avenue SW, with access to I-77. Roofing work includes recoating the flat section in 2023 and replacing the shingled section around 2022.
Key Highlights
- Two 10’ overhead doors and one 8’ overhead door
- 13’ clear height and two hydraulic lifts in the large bay
- Smaller bay has a floor drain
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
$7,089
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
5.67%
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%
$141,780
$141.8K
Cap Rate 7%
$101,271
$101.3K
Cap Rate 9%
$78,767
$78.8K
Market Conditions
NOI Build-Up for 1,728 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
$8.5K $4.91/SF
− Vacancy
−$144 −$0.08/SF
EGI
$8.3K $4.83/SF
− OpEx
−$1.3K −$0.72/SF
NOI
$7.1K $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%
$141,780
Cap Rate 7%
$101,271
Cap Rate 9%
$78,767
Alternative Uses
Best Use
Warehouse
$101.3K
$88.6K – $118.2K
NOI $7,089 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$451.2K
$394.8K – $526.4K
NOI $31,581 @ 7.0% cap · market cap 25.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44710, OH
9,309
Population
4,001
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
90%
High-School Grad
2.2 sq mi
ZIP Area
4,231
Density / Sq Mi
$50,453
Median Household Income
$35,733
Median Earnings
$921
Median Rent
$101,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Bracken Automotive & Storage Llc. — Canton, OH 44706
Frequently Asked Questions
What type of property is this?
Warehouse - The building combines service-bay space with a reception area, office and mechanical room.
Where is this warehouse located?
The property is located at 3105 11th St SW Canton, OH.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two 10’ overhead doors and one 8’ overhead door; 13’ clear height and two hydraulic lifts in the large bay; Smaller bay has a floor drain
