Self-Storage and Warehouse
For Sale
$825,000
4155 & 4165 Martindale Road NE, Canton, OH 44705
Facility offers office space alongside warehouse and self-storage unit operations for a diversified business setup.
Property Size15,560 SF
Price / SF$53.02
Days on Market108
Property Features for 4155 & 4165 Martindale Road NE
General Information
Standard status
Active
Size
15,560 SF
Property subtype
Industrial
Listing Agency:
CBRE - Akron Canton
(234) 281-1178
Listed By:
Andy Flowers
(234) 281-1178
Source:
Cbre
Added: May 8
Changed: Aug 23
Last Checked: Aug 22 at 4:14PM
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 CBRE - Akron Canton
Investment Insights
Based on property information with market context.
For sale: a multi-use commercial property at 4155 Martindale Road NE in Canton, Ohio, combining office space with warehouse and self-storage unit offerings. The overall configuration is designed to support both office-intensive operations and space users needing storage and warehouse capabilities within one ownership.
The property is positioned to serve tenants or buyers looking for flexible real estate options, with the combined mix of office suites, warehouse space, and self-storage units under one umbrella.
As provided, the asset totals 15,560 square feet and is offered for $825,000.
The property is positioned to serve tenants or buyers looking for flexible real estate options, with the combined mix of office suites, warehouse space, and self-storage units under one umbrella.
As provided, the asset totals 15,560 square feet and is offered for $825,000.
Key Highlights
- Facility includes office space alongside warehouse and self‑storage unit operations
- Offers combined space for office‑intensive operations plus warehouse and storage needs
- Includes a turnkey storage unit investment opportunity
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
$63,836
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
7.74%
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%
$1,276,720
$1.3M
Cap Rate 7%
$911,943
$911.9K
Cap Rate 9%
$709,289
$709.3K
Market Conditions
NOI Build-Up for 15,560 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
$76.4K $4.91/SF
− Vacancy
−$1.3K −$0.08/SF
EGI
$75.1K $4.83/SF
− OpEx
−$11.3K −$0.72/SF
NOI
$63.8K $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%
$1,276,720
Cap Rate 7%
$911,943
Cap Rate 9%
$709,289
Alternative Uses
Best Use
Self Storage
$2.21M
$1.94M – $2.58M
NOI $154,884 @ 7.0% cap · market cap 18.77%
Second Best
Warehouse
$911.9K
$798.0K – $1.06M
NOI $63,836 @ 7.0% cap · market cap 7.74%
Theoretical Best
Retail
$4.06M
$3.55M – $4.74M
NOI $284,379 @ 7.0% cap · market cap 34.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Facility offers office space alongside warehouse and self-storage unit operations for a diversified business setup.
Where is this self storage facility located?
The property is located at 4155 & 4165 Martindale Road NE Canton, OH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Facility includes office space alongside warehouse and self‑storage unit operations; Offers combined space for office‑intensive operations plus warehouse and storage needs; Includes a turnkey storage unit investment opportunity
