Mixed-Use Brick
For Sale
$165,000
3357 Mahoning Road, Canton, OH 44705
All-brick building with first-floor retail and a separate second-floor apartment, both currently occupied, plus fenced patio and parking.
Property Size4,190 SF
Price / SF$39.38
Days on Market187
Property Features for 3357 Mahoning Road
General Information
Standard status
Active
Size
4,190 SF
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,704
Amenities
fenced patio area
outside entertainment center
kitchenette
Central Air, Gas
3
25 Parking Spaces.
Building Details
Year Built
1925
Stories
2
Construction
brick
Listing Agency:
(330) 704-5945
Listed By:
Cutler Real Estate
(330) 704-5945
Source:
Xome
Added: Feb 3
Changed: Aug 7
Last Checked: Aug 8 at 3:30AM
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 Cutler Real Estate
Investment Insights
Based on property information with market context.
This all-brick mixed-use building includes retail space on the first floor and an apartment on the second floor. The retail area is currently operated as a party center and includes a kitchenette and two restrooms. A fenced-in patio area is located in the rear of the building, with a converted garage that features an outside entertainment center. The second-floor apartment has exterior access.
The property also includes lots of parking. Both the retail space and the apartment are currently occupied.
Overall, the building is configured for two separate income streams with independent access for the apartment and direct interior space for the party-center retail use.
The property also includes lots of parking. Both the retail space and the apartment are currently occupied.
Overall, the building is configured for two separate income streams with independent access for the apartment and direct interior space for the party-center retail use.
Key Highlights
- All‑brick mixed‑use building with first‑floor retail and a separate second‑floor apartment
- Retail space has a kitchenette, 2 restrooms, and is currently occupied
- Second‑floor apartment has separate exterior access and is currently occupied
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
$14,026
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
8.50%
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%
$280,520
$280.5K
Cap Rate 7%
$200,371
$200.4K
Cap Rate 9%
$155,844
$155.8K
Market Conditions
NOI Build-Up for 4,190 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
$24.6K $5.86/SF
− Vacancy
−$2.1K −$0.50/SF
EGI
$22.4K $5.36/SF
− OpEx
−$8.4K −$2.01/SF
NOI
$14.0K $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 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%
$280,520
Cap Rate 7%
$200,371
Cap Rate 9%
$155,844
Alternative Uses
Best Use
Retail
$1.09M
$957.2K – $1.28M
NOI $76,578 @ 7.0% cap · market cap 46.41%
Second Best
Apartment 5plus
$438.4K
$383.6K – $511.5K
NOI $30,689 @ 7.0% cap · market cap 18.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - All-brick building with first-floor retail and a separate second-floor apartment, both currently occupied, plus fenced patio and parking.
Where is this mixed-use property located?
The property is located at 3357 Mahoning Road Canton, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: All‑brick mixed‑use building with first‑floor retail and a separate second‑floor apartment; Retail space has a kitchenette, 2 restrooms, and is currently occupied; Second‑floor apartment has separate exterior access and is currently occupied
