Retail/Restaurant Opportunity on Lincoln
For Sale
$350,000
610 Lincoln Way E, Massillon, OH 44646
Retail or restaurant property for sale or lease.
Property Size1,843 SF
Days on Market191
Property Features for 610 Lincoln Way E
General Information
Standard status
Active
Size
1,843 SF
Class
C
Property subtype
Retail
Building Details
Building Size
1,843 SF
Year Built
1974
Listing Agency:
NAI Spring
Listed By:
Jared Sanford · License #SAL.2019004940
(330) 354-3466
Source:
Naiglobal
Added: Feb 26
Changed: Sep 4
Last Checked: Sep 4 at 4:07AM
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 NAI Spring
Investment Insights
Based on property information with market context.
This retail or restaurant property is available for sale or lease and is located on Lincoln Way East in Massillon, Ohio. The property benefits from a drive-through and sees an average annual daily traffic count of 15,681 vehicles.
Key Highlights
- Retail/Restaurant property available for sale or lease.
- Located on Lincoln Way E, Massillon.
- Benefit from drive‑thru access.
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
$20,050
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
5.73%
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%
$401,000
$401.0K
Cap Rate 7%
$286,429
$286.4K
Cap Rate 9%
$222,778
$222.8K
Market Conditions
NOI Build-Up for 1,843 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
$27.6K $15.00/SF
− Vacancy
−$912 −$0.50/SF
EGI
$26.7K $14.50/SF
− OpEx
−$6.7K −$3.63/SF
NOI
$20.0K $10.88/SF
Area
Stark County, OH
Vacancy
3.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$401,000
Cap Rate 7%
$286,429
Cap Rate 9%
$222,778
Alternative Uses
Best Use
Retail
$481.2K
$421.0K – $561.4K
NOI $33,683 @ 7.0% cap · market cap 9.62%
Second Best
Specialty Retail
$286.4K
$250.6K – $334.2K
NOI $20,050 @ 7.0% cap · market cap 5.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 46%
Electronics 3%
Hotels & Casinos 2%
Taco Bell
Dining
17,898 visits/mo
0.3 miles
Speedway
Shops & Services
16,066 visits/mo
0.2 miles
Speedway
Shops & Services
11,405 visits/mo
0.4 miles
Arby's
Dining
8,474 visits/mo
0.1 miles
KFC
Dining
6,383 visits/mo
0.4 miles
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
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?
Retail property - Retail or restaurant property for sale or lease.
Where is this retail property located?
The property is located at 610 Lincoln Way E Massillon, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Retail/Restaurant property available for sale or lease.; Located on Lincoln Way E, Massillon.; Benefit from drive‑thru access.
