Multi-Tenant Warehouse
For Sale
$2,050,000
4810 Southway St SW, Canton, OH 44706
Industrial warehouse with dock access, drive-in doors, office areas, and restrooms.
Property Size40,266 SF
Lot Size2.66 Acres
Price / SF$50.91
Days on Market90
Property Features for 4810 Southway St SW
General Information
Standard status
Active
Size
40,266 SF
Lot size
2.66 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
40,266 SF
Year Built
1974
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
Putman Properties Inc
(330) 495-8292
Listed By:
Saylor Putman · License #OH #BRKP.2024002388
(330) 495-8292
Source:
Putmanproperties
Added: Jun 3
Changed: Aug 31
Last Checked: Aug 31 at 1:00PM
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 Putman Properties Inc
Investment Insights
Based on property information with market context.
This block-built warehouse property contains 40,267 square feet across a multi-tenant industrial facility. The building includes both dock service and drive-in doors, along with office and restroom areas. Constructed in 1974, the property occupies 2.66 acres on a corner lot.
The facility is located at 4810 Southway St SW in Canton, Ohio, near the Raff Road exit from S.R. 30 and positioned between I-77 and S.R. 21. Current occupants identified for the property include Culligan, Diamond Dreams Sports Academy, and RSW, Inc.
The facility is located at 4810 Southway St SW in Canton, Ohio, near the Raff Road exit from S.R. 30 and positioned between I-77 and S.R. 21. Current occupants identified for the property include Culligan, Diamond Dreams Sports Academy, and RSW, Inc.
Key Highlights
- 40,267 square foot multi‑tenant industrial building
- Situated on 2.66 acres with a corner‑lot configuration
- Dock access and drive‑in doors
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
$165,197
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
8.06%
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%
$3,303,940
$3.3M
Cap Rate 7%
$2,359,957
$2.4M
Cap Rate 9%
$1,835,522
$1.8M
Market Conditions
NOI Build-Up for 40,267 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
$197.7K $4.91/SF
− Vacancy
−$3.4K −$0.08/SF
EGI
$194.3K $4.83/SF
− OpEx
−$29.2K −$0.72/SF
NOI
$165.2K $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%
$3,303,940
Cap Rate 7%
$2,359,957
Cap Rate 9%
$1,835,522
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $165,197 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$10.51M
$9.20M – $12.27M
NOI $735,932 @ 7.0% cap · market cap 35.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44706, OH
16,972
Population
8,003
Households
2.1
Avg Household Size
42
Median Age
10%
College-Educated
88%
High-School Grad
18.8 sq mi
ZIP Area
903
Density / Sq Mi
$55,474
Median Household Income
$37,016
Median Earnings
$899
Median Rent
$132,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Fresh Meadows Ohio Mobile Home Community & Self Storage — 4516 Navarre Rd SW, Canton, OH 44706
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dock access, drive-in doors, office areas, and restrooms.
Where is this warehouse located?
The property is located at 4810 Southway St SW Canton, OH.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 40,267 square foot multi‑tenant industrial building; Situated on 2.66 acres with a corner‑lot configuration; Dock access and drive‑in doors
