Restaurant and Event
New
For Sale
$1,100,000
4210 12th Street NW, Canton, OH 44708
SINGLE_FAMILY - Canton, OH
Property Size12,000 SF
Lot Size3.40 Acres
Price / SF$91.67
Days on Market2
Property Features for 4210 12th Street NW
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Parking features
Garage
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
13th st exit west to 12th st. Property on left
Standard status
Active
APN
01401412
Lot size
3.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 SW 3.40A
Tax Annual Amount
17914
Legal Description
6 SW 3.40A
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1971
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Megan Eckstein · License #2023001083
(330) 605-4302
Added: Aug 7
Last Checked: Aug 8 at 10:06PM
MLS# 5225654
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property is configured for full-service dining and event operations. The approximately 12,000-square-foot building includes multiple dining and gathering areas, a banquet room, full bar, outdoor seating, and capacity for more than 300 guests. The commercial kitchen includes two walk-in coolers, two walk-in freezers, and existing restaurant equipment included with the sale. Central air, natural gas heating, and garage parking are also in place.
The property occupies 3.4 acres at 4210 12th Street NW in Canton, Ohio. Traffic counts exceed 30,000 vehicles per day, and the site is near the Pro Football Hall of Fame. Its layout supports continued restaurant, banquet, hospitality, and private-event use, subject to applicable zoning and governmental approvals. The property was built in 1971.
The property occupies 3.4 acres at 4210 12th Street NW in Canton, Ohio. Traffic counts exceed 30,000 vehicles per day, and the site is near the Pro Football Hall of Fame. Its layout supports continued restaurant, banquet, hospitality, and private-event use, subject to applicable zoning and governmental approvals. The property was built in 1971.
Key Highlights
- 3.4‑acre restaurant and event property at 4210 12th Street NW, Canton, OH 44708
- Approximately 12,000‑square‑foot commercial building with capacity for more than 300 guests
- Commercial kitchen includes two walk‑in coolers and two walk‑in freezers
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
$40,543
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
3.69%
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%
$810,860
$810.9K
Cap Rate 7%
$579,186
$579.2K
Cap Rate 9%
$450,478
$450.5K
Market Conditions
NOI Build-Up for 12,000 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
$58.9K $4.91/SF
− Vacancy
−$1.0K −$0.08/SF
EGI
$57.9K $4.83/SF
− OpEx
−$17.4K −$1.45/SF
NOI
$40.5K $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 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%
$810,860
Cap Rate 7%
$579,186
Cap Rate 9%
$450,478
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.18M
NOI $130,545 @ 7.0% cap · market cap 11.87%
Second Best
Industrial
$579.2K
$506.8K – $675.7K
NOI $40,543 @ 7.0% cap · market cap 3.69%
Theoretical Best
Retail
$3.13M
$2.74M – $3.66M
NOI $219,316 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44708, OH
25,386
Population
11,758
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
10.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$60,159
Median Household Income
$37,217
Median Earnings
$926
Median Rent
$164,500
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?
Conventional restaurant - Configured for dining, banquets, and private gatherings with a commercial kitchen, bar, outdoor seating, and garage parking.
Where is this conventional restaurant located?
The property is located at 4210 12th Street NW Canton, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3.4‑acre restaurant and event property at 4210 12th Street NW, Canton, OH 44708; Approximately 12,000‑square‑foot commercial building with capacity for more than 300 guests; Commercial kitchen includes two walk‑in coolers and two walk‑in freezers
