Listing Agency: CBRE | Akron

Listed By: Andy Flowers · License #SAL.2020008432 Show Phone

Source: Cbre

Added: May 8 Changed: Oct 9 Last Checked: Oct 9 at 7:08PM

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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.

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 / Yr

$63,836

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $154,884 @ 7.0% cap · market cap 18.77%

Second Best

Warehouse

$911.9K

$798.0K – $1.06M (±1% cap)

NOI $63,836 @ 7.0% cap · market cap 7.74%

Theoretical Best

Retail

$4.06M

$3.55M – $4.74M (±1% cap)

NOI $284,379 @ 7.0% cap · market cap 34.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Imperial Conveying Systems Material Handling Equipment Supplier Versatile General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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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