Medical Office Space with
New
For Sale
$985,000
4510 Dressler Road Northwest, Canton, OH 44718
Fully occupied medical offices feature long-term leases and a large surface lot for tenant parking.
Property Size6,000 SF
Price / SF$164.17
Days on Market2
Property Features for 4510 Dressler Road Northwest
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Healthcare
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Cleveland
Listed By:
Daniel Mayer · License #SAL.2011002676
(216) 363-6437
Source:
Cbre
Added: Sep 26
Last Checked: Sep 26 at 3:39PM
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 - Cleveland
Investment Insights
Based on property information with market context.
The 6,000-square-foot medical office property is fully occupied, with long-term leases in place. ARC Health has made a substantial investment in its space. A surface parking lot provides more than 50 spaces for current tenants and future flexibility.
The property sits in the Belden Village corridor, near Belden Village Mall, major national retailers, health systems, and the Greens at Belden development. It is positioned between Munson St NW and Fulton Rd NW, with access to I-77, US-30, and SR-800.
The property sits in the Belden Village corridor, near Belden Village Mall, major national retailers, health systems, and the Greens at Belden development. It is positioned between Munson St NW and Fulton Rd NW, with access to I-77, US-30, and SR-800.
Key Highlights
- 6,000 square feet of medical office space
- 100% occupied with long‑term leases in place
- Surface lot with 50+ parking spaces
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
$73,127
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
7.42%
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%
$1,462,540
$1.5M
Cap Rate 7%
$1,044,671
$1.0M
Cap Rate 9%
$812,522
$812.5K
Market Conditions
NOI Build-Up for 6,000 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
$131.8K $21.96/SF
− Vacancy
−$9.9K −$1.65/SF
EGI
$121.9K $20.31/SF
− OpEx
−$48.8K −$8.13/SF
NOI
$73.1K $12.19/SF
Area
Stark County, OH
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$1,462,540
Cap Rate 7%
$1,044,671
Cap Rate 9%
$812,522
Alternative Uses
Best Use
Healthcare Medical
$1.04M
$914.1K – $1.22M
NOI $73,127 @ 7.0% cap · market cap 7.42%
Second Best
Office B
$1.04M
$906.2K – $1.21M
NOI $72,495 @ 7.0% cap · market cap 7.36%
Theoretical Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,658 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44718, OH
12,607
Population
6,134
Households
2.1
Avg Household Size
47
Median Age
43%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
1,501
Density / Sq Mi
$86,171
Median Household Income
$50,613
Median Earnings
$871
Median Rent
$285,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied medical offices feature long-term leases and a large surface lot for tenant parking.
Where is this medical office space located?
The property is located at 4510 Dressler Road Northwest Canton, OH.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 6,000 square feet of medical office space; 100% occupied with long‑term leases in place; Surface lot with 50+ parking spaces
