Listing Agency: NAI Spring Show Phone

Listed By: Bryce Custer, SIOR, CCIM · License #BRKM.2017004455 Show Phone

Source: Moodyscre

Added: Feb 18 Changed: Oct 25 Last Checked: Oct 26 at 4:57PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This contractor warehouse/office includes fenced exterior storage for equipment and materials. Updates include new HVAC installed in January 2022 and a roof replacement completed in February 2023, with a 10-year warranty.

The property offers convenient access to Route 62 at the intersection of Columbus Rd and Harmont Ave NE. Amazon Fulfillment Center is located within 1 mile.

The building configuration supports a combined work and storage use, with the fenced yard adding practical space for exterior operations.

Key Highlights

• Contractor warehouse/office with fenced exterior storage
• New HVAC installed 1/2022
• Roof replaced 2/2023 with 10‑year warranty

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,905

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$378,100 $378.1K

Cap Rate 7%

$270,071 $270.1K

Cap Rate 9%

$210,056 $210.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,608 SF

Gross rent

$22.6K $4.91/SF

− Vacancy

−$385 −$0.08/SF

EGI

$22.2K $4.83/SF

− OpEx

−$3.3K −$0.72/SF

NOI

$18.9K $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 Rate 5%

$378,100

Cap Rate 7%

$270,071

Cap Rate 9%

$210,056

Alternative Uses

Best Use

Warehouse

$270.1K

$236.3K – $315.1K (±1% cap)

NOI $18,905 @ 7.0% cap · market cap 5.82%

Second Best

Industrial

$222.4K

$194.6K – $259.5K (±1% cap)

NOI $15,568 @ 7.0% cap · market cap 4.79%

Theoretical Best

Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,217 @ 7.0% cap · market cap 25.91%

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

Buxton Roofing Roofing Company Hof Roofing & Construction Roofing Company

Suggested Use

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

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

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

253

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

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Contractor warehouse/office with fenced exterior storage and recent HVAC and roof replacements.

Where is this flex space located?

The property is located at 3110 Columbus Rd NE 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: Contractor warehouse/office with fenced exterior storage; New HVAC installed 1/2022; Roof replaced 2/2023 with 10‑year warranty