Medical Office Building and
323 Marion Ave NW Massillon, OH
For Sale
Contact for pricing
Two-story medical office building with parking lot for sale.
Property Size30,000 SF
Lot Size1.32 Acres
Price / SF$48.33
Days on Market244
Property Features for 323 Marion Ave NW
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 1.32 Acres
- Property subtype
- OFFICE
Listing Agency:
NAI Spring
(330) 933-6349
Listed By:
Joe Jackson · License #SAL.2022005538
(330) 933-6349
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:05AM
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.
A two-story medical office building and a 2.51-acre parking lot are available for purchase. The building and lot can be sold together or separately. The owner is willing to lease back 5,000 square feet on the first floor, with negotiable terms. Contact the agent for further details. The building is equipped with a full sprinkler system and an updated fire alarm system throughout. Common men’s and women’s restrooms are located on each floor. Sections of the parking lot have been recently repaved. The property is located in Massillon, OH.
Key Highlights
- Two‑story medical office building with a 2.51‑acre parking lot
- Option to purchase the building and lot together or separately
- Owner will lease back 5,000 SF on the first floor (negotiable terms)
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.3k | $4.91 |
| − Vacancy | −$2.5k | −$0.08 |
| EGI | $144.8k | $4.83 |
| − OpEx | −$43.4k | −$1.45 |
| NOI | $101.4k | $3.38 |
30,000 SF · lease $4.91/SF/yr · vacancy 1.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.83M
$6.85M – $9.14M
NOI $548,289 @ 7.0% cap · market cap 37.81%
Second Best
Healthcare Medical
$5.22M
$4.57M – $6.09M
NOI $365,634 @ 7.0% cap · market cap 25.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Union Hospital Cardiology, ...
Medical Clinic
Affinity Speciality Physicians
Medical Clinic
Fish Roxanne N
Physician
Behavioral & Psychiatric
Counselor
Dr. Wayne D. ...
Physician
FAQs
What type of property is this?
Medical Office Space - Two-story medical office building with parking lot for sale.
Where is this medical office space located?
The property is located at 323 Marion Ave NW Massillon, OH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two‑story medical office building with a 2.51‑acre parking lot; Option to purchase the building and lot together or separately; Owner will lease back 5,000 SF on the first floor (negotiable terms)
