316 Lincoln Way E, Massillon, OH 44646

Building Details

Year Built 1890 More

Buildings 1 More

Listing Agency: Waypoint Real Estate Group, LLC

Listed By: Karen E Sbory Show Phone

Source: Homessouthofcleveland

Added: Oct 10 Changed: Nov 7 Last Checked: Nov 7 at 7:53PM

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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 Waypoint Real Estate Group, LLC

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Investment Insights

Based on property information with market context.

This 5,877-square-foot mixed-use building combines a street-level storefront or office area with storage and two apartments above. The residential units include one one-bedroom apartment and one two-bedroom apartment. Both apartments have undergone a full rehabilitation.

Updates and repairs include plumbing, electrical, gutters and downspouts, roofing, and HVAC. The property was built in 1890 and is located at 316 Lincoln Way E in Massillon, Ohio.

Key Highlights

• 5,877‑square‑foot mixed‑use property
• Ground‑floor storefront or office area with storage
• Two apartments: one one‑bedroom unit and one two‑bedroom unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,673

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,460 $393.5K

Cap Rate 7%

$281,043 $281.0K

Cap Rate 9%

$218,589 $218.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,877 SF

Gross rent

$34.4K $5.86/SF

− Vacancy

−$3.0K −$0.50/SF

EGI

$31.5K $5.36/SF

− OpEx

−$11.8K −$2.01/SF

NOI

$19.7K $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 Rate 5%

$393,460

Cap Rate 7%

$281,043

Cap Rate 9%

$218,589

Alternative Uses

Best Use

Retail

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,410 @ 7.0% cap · market cap 46.72%

Second Best

Apartment 5plus

$614.9K

$538.1K – $717.4K (±1% cap)

NOI $43,045 @ 7.0% cap · market cap 18.72%

Theoretical Best

—

—

same as Best Use

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

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Electrical Service Furniture & Home Goods Garden Center Parking Lot & Garage

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

927

Businesses Nearby

Explore this area Business Placement

Demographics for 44646, OH

47,973

Population

20,817

Households

2.3

Avg Household Size

42

Median Age

25%

College-Educated

94%

High-School Grad

28.8 sq mi

ZIP Area

1,666

Density / Sq Mi

$66,767

Median Household Income

$41,021

Median Earnings

$883

Median Rent

$181,600

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Stark County, OH

$80.34 Jul

$63.17 Aug

$91.12 Sep

$86.81 Oct

Properties on Market for Mixed-use properties in Stark County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A ground-floor commercial space with storage is paired with two upper-level residences, one recently rehabilitated.

Where is this mixed-use property located?

The property is located at 316 Lincoln Way E Massillon, OH.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: 5,877‑square‑foot mixed‑use property; Ground‑floor storefront or office area with storage; Two apartments: one one‑bedroom unit and one two‑bedroom unit