Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office/Retail Building For Sale Title is generated by Realmo AI

    5112 Portage St NW, North Canton, OH 44720

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    Located on the corner of Portage and Frank Road.

    Type:Office
    Property size:
    1,636 SF
    Price / SF:
    $351/SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Dec 3 at 5:47 am

    Property Features for 5112 Portage St NW

    General Information

    Standard status
    Active
    Size
    1,636 SF
    Property subtype
    Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Regina Melman
    Regina Melman

    Listing agent Regina Melman License #3455400

    Listing office RE/MAX PALM REALTY OF VENICE

    Listing date Nov 21, 2025

    Source Naiglobal

    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 RE/MAX PALM REALTY OF VENICE

    HighLights

    • Prime corner location at the intersection of Portage St NW and Frank Ave NW in Jackson Township.
    • Irreplaceable location.
    • Convenient access to I‑77 and Belden Village.
    • Less than a half mile from The Strip, Costco, Home Depot, and other retailers.
    • Suitable for office or retail use.
    • Building constructed in 1978.

    Overview

    This office/retail building is located on the corner of Portage St NW and Frank Ave NW in Jackson Township. The property is less than a half mile from The Strip, Costco, Home Depot, and many other retailers. It offers easy access to I-77 and Belden Village. The building has a size of 1636 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.44182
    Latitude
    40.879005

    Nearby Similar for Sale

    • $850,000
      8,300 SF

      North Canton Office Building Opportunity

      8,300 SF office building on 1.04 acres for sale.
      1375 S Main Street, North Canton, OH 44720
      View Details
    • $339,900
      3,784 SF

      North Canton Triplex Investment Opportunity

      Triplex with upside potential in Green Local School District.
      4839 Arlington Road, North Canton, OH 44720
      View Details
    • $359,900
      2,096 SF

      North Canton Townhouse-Style Duplex

      Townhouse-style duplex in North Canton with recent updates.
      3615-3617 Mount Pleasant Street NW, North Canton, OH 44720
      View Details
    • $139,900

      North Canton Office Condo

      Commercial office condo in prime North Canton location.
      1225 S Main Street, North Canton, OH 44720
      View Details
    • $199,900

      Mixed-Use Property in North Canton

      Mixed-use property with commercial space and residential income.
      600 N Main Street, North Canton, OH 44720
      View Details
    • $235,000
      1,260 SF

      Papa John's Leased Investment Property

      Leased Papa John's on Main St with future development potential.
      1115 N Main St, North Canton, OH 44720
      View Details
    • $1,750,000
      10,036 SF

      Former Retail Space For Sale

      10,036 SF retail space available for sale or lease.
      700 N Main St, North Canton, OH 44720
      View Details
    • $850,000
      7 SF

      Retail Building in Stark County

      7,056 SF retail property in a thriving market.
      531-533 N Main St Canton, OH 44720, OH 44720
      View Details
    • $10
      4,400 SF

      Functional Office Space Available

      4,400 sq ft office space with flexible floorplan for sale.
      4101 Shuffel Street NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      3,024 SF

      Former Restaurant Space For Sale

      3,024 SF former restaurant space with high visibility.
      5441 Whipple Ave NW, North Canton, OH
      View Details
    • $149,900
      1,037 SF

      North Canton Office Condo Opportunity

      Commercial office condo in prime North Canton location for sale.
      1225 S Main St, North Canton, OH 44720
      View Details
    • $2,500,000

      Renovated Sports Facility on 16.3 Acres

      51,767 SF sports facility on 16.3 acres near I-77.
      5615-5617 Portage St NW, North Canton, OH
      View Details

    FAQs

    What type of property is this?
    Office building - Located on the corner of Portage and Frank Road.
    Where is this office building located?
    The property is located at 5112 Portage St NW North Canton, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime corner location at the intersection of Portage St NW and Frank Ave NW in Jackson Township.; Irreplaceable location.; Convenient access to I‑77 and Belden Village.
    (941) 525-6818
    We can help!
    Listing Contact
    Regina Melman
    Regina Melman
    Real Estate License ID: 3455400
    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
    5112 Portage St NW, North Canton, OH 44720
    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!