Medical Office Building and
For Sale
Contact for pricing
Pending
323 Marion Ave NW, Massillon, OH
Two-story medical office building with parking lot for sale.
Property Size30,000 SF
Lot Size1.32 Acres
Days on Market321
Property Features for 323 Marion Ave NW
General Information
Standard status
Pending
Size
30,000 SF
Lot size
1.32 Acres
Property subtype
OFFICE
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Joe Jackson · License #SAL.2022005538
(330) 933-6349
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 10
Last Checked: Oct 9 at 9:01PM
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
Estimated NOI and Cap Rate
NOI / Yr
$101,357
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,140
$2.0M
Cap Rate 7%
$1,447,957
$1.4M
Cap Rate 9%
$1,126,189
$1.1M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$147.3K $4.91/SF
− Vacancy
−$2.5K −$0.08/SF
EGI
$144.8K $4.83/SF
− OpEx
−$43.4K −$1.45/SF
NOI
$101.4K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,140
Cap Rate 7%
$1,447,957
Cap Rate 9%
$1,126,189
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
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)
