Warehouse Office with Fenced
For Sale
Contact for pricing
3110 Columbus Rd NE, Canton, OH 44705
Contractor warehouse/office with fenced exterior storage and recent HVAC and roof replacements.
Property Size4,608 SF
Price / SF$70.53
Days on Market206
Property Features for 3110 Columbus Rd NE
General Information
Standard status
Active
Size
4,608 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
fenced exterior storage
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Bryce Custer, SIOR, CCIM · License #BRKM.2017004455
(330) 418-9287
Source:
Moodyscre
Added: Feb 18
Changed: Sep 2
Last Checked: Sep 11 at 11:17AM
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.
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.
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 = 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
$18,905
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
5.82%
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%
$378,100
$378.1K
Cap Rate 7%
$270,071
$270.1K
Cap Rate 9%
$210,056
$210.1K
Market Conditions
NOI Build-Up for 4,608 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
$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 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%
$378,100
Cap Rate 7%
$270,071
Cap Rate 9%
$210,056
Alternative Uses
Best Use
Warehouse
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 4.79%
Theoretical Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,217 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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
Questions? Ask Rey
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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
