Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4500 Hills and Dales Rd NW Canton, OH 44708

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in a well-located shopping center.

    Type:Retail
    Added:
    Jun 15, 2024
    Days on Market:
    687
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 4500 Hills and Dales Rd NW

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 4500 Hills and Dales Rd NW Contact us

    We can help!

    Listing Contact
    Sam Schulze, CCIM

    Listing agent Sam Schulze, CCIM License #OH

    Listing office Albrecht Inc.

    Listing date Jun 15, 2024

    Source Crexi

    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 Albrecht Inc.

    Overview

    Grocery Anchored Shopping Center Space

    Hillsdale Plaza is a shopping center anchored by Acme Fresh Market, situated south of Belden Village Mall and west of the Pro Football Hall of Fame. The plaza offers spaces for rent and is also home to Harbor Freight Tools, First Commonwealth Bank, Hallmark, Cosmo Pro, Key Bank, and Hills & Dales Auto Care. The location provides high visibility, convenient access, and ample parking. The shopping center has completed a major expansion and remodel of its anchor tenant, along with a new facade and parking lot lighting.
    Location Intelligence

    Current Use by Public Records

    Hills & Dales Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Avondale Village — 2814 Whipple Ave NW, Canton, OH 44708
    • Enrico Amato Interiors — 4886 Hills and Dales Rd NW, Canton, OH 44708

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.42935
    Latitude
    40.831804

    Nearby Similar for Lease

    • $2,500/Mo

      Canton Office Space For Rent

      Professional office building with suites available in Canton, Ohio.
      1930 Fulton Road NW, Canton, OH 44709
      View Details
    • $1,800/Mo

      Canton Office and Garage Space

      Lease includes garage, two offices, and shared common areas.
      4720 Everhard Road NW, Canton, OH 44718
      View Details
    • $3,200/Mo

      Versatile Warehouse Space in Canton

      6,654 sq ft warehouse suitable for various commercial uses.
      606 9th Street NE, Canton, OH 44704
      View Details
    • $1,000/Mo

      Office Space Near Belden Village

      Office suite for lease near Belden Village in Canton, OH.
      4501 Hills and Dales Road NW, Canton, OH 44708
      View Details
    • $4 SF/Yr

      Former Recreation Center For Lease

      Versatile commercial space with gym, kitchen, and open area.
      2600 25th Street NE, Canton, OH 44705
      View Details
    • $4,611/Mo

      Canton Warehouse Space For Lease

      8,513 SF warehouse space available for lease in Canton.
      221 Cherry Avenue NE, Canton, OH 44702
      View Details
    • $14 SF/Yr

      Canton Office Space Available

      Professional office space for lease in Canton, Ohio.
      4974 Higbee Avenue NW, Canton, OH 44718
      View Details
    • $3,500/Mo

      Professional Office Space For Lease

      Office space in a professional building, convenient location.
      4181 Holiday Street NW, Canton, OH 44718
      View Details
    • $6,700/Mo

      Updated Warehouse in Canton, OH

      Spacious, updated warehouse with loading dock and expansion potential.
      1220 5th Street SW, Canton, OH 44707
      View Details
    • $495/Mo

      Commercial Space in Canton, OH

      Commercial property available for rent in Canton, Ohio.
      2803 Cleveland SW Ave, Canton, OH 44706
      View Details
    • $1,900/Mo

      Canton Retail/Office/Mixed-Use Building

      6,156 SF brick building zoned B-5 suitable for various uses.
      814 Cleveland Avenue NW, Canton, OH 44702
      View Details
    • $550/Mo

      Canton Commercial Space Available

      Commercial space for rent in Canton, Ohio.
      3040 11th SW St, Canton, OH 44710
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in a well-located shopping center.
    Where is this shopping center located?
    The property is located at 4500 Hills and Dales Rd NW Canton, OH.
    What are key features of this property?
    This property features: Grocery‑anchored shopping center with Acme Fresh Market.; Major expansion and remodel of anchor complete.; New facade and parking lot lighting complete.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Schulze, CCIM
    Real Estate License ID: OH
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4500 Hills and Dales Rd NW, Canton, OH 44708

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!