Freestanding Distribution
For Sale
$2,730,000
630 Tonner Court Southwest, Canton, OH 44707
Freestanding distribution facility with nine dock doors, two grade doors, and 100% sprinklered high-bay space.
Property Size48,000 SF
Price / SF$56.88
Days on Market96
Property Features for 630 Tonner Court Southwest
General Information
Standard status
Active
Size
48,000 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
35 ft
Dock-High Doors
9
Drive-In Doors
2
Sprinkler System
Yes
Building Details
Building Size
48,000 SF
Year Built
1956
Listing Agency:
Putman Properties Inc
Listed By:
Saylor Putman · License #OH #BRKP.2024002388
(330) 495-8292
Source:
Putmanproperties
Added: Jun 3
Changed: Sep 5
Last Checked: Jul 21 at 5:00AM
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 freestanding distribution center offers approximately 48,000 square feet of high-bay warehouse space with ceiling heights ranging from 20 to 35 feet. The building includes nine dock doors plus two on-grade doors. Interior support space is provided with one office and two restrooms and a break room. The warehouse is 100% sprinklered.
The property is being offered for sale.
With multiple loading options and high-bay clear heights, the facility is well suited for logistics and distribution users seeking a purpose-built warehouse configuration.
The property is being offered for sale.
With multiple loading options and high-bay clear heights, the facility is well suited for logistics and distribution users seeking a purpose-built warehouse configuration.
Key Highlights
- 48,000 SF freestanding distribution center
- High‑bay ceiling height ranges from 20' to 35'
- Nine dock doors plus two on‑grade 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
$196,922
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
7.21%
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%
$3,938,440
$3.9M
Cap Rate 7%
$2,813,171
$2.8M
Cap Rate 9%
$2,188,022
$2.2M
Market Conditions
NOI Build-Up for 48,000 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
$235.7K $4.91/SF
− Vacancy
−$4.0K −$0.08/SF
EGI
$231.7K $4.83/SF
− OpEx
−$34.8K −$0.72/SF
NOI
$196.9K $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%
$3,938,440
Cap Rate 7%
$2,813,171
Cap Rate 9%
$2,188,022
Alternative Uses
Best Use
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,922 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$2.32M
$2.03M – $2.70M
NOI $162,171 @ 7.0% cap · market cap 5.94%
Theoretical Best
Retail
$12.53M
$10.97M – $14.62M
NOI $877,262 @ 7.0% cap · market cap 32.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35 ft
Clear height
9
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 44707, OH
9,163
Population
4,209
Households
2.2
Avg Household Size
36
Median Age
7%
College-Educated
81%
High-School Grad
15.3 sq mi
ZIP Area
599
Density / Sq Mi
$38,983
Median Household Income
$31,111
Median Earnings
$704
Median Rent
$106,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding distribution facility with nine dock doors, two grade doors, and 100% sprinklered high-bay space.
Where is this distribution center located?
The property is located at 630 Tonner Court Southwest Canton, OH.
What is the asking price?
The asking price for this property is $2,730,000.
What are key features of this property?
This property features: 48,000 SF freestanding distribution center; High‑bay ceiling height ranges from 20' to 35'; Nine dock doors plus two on‑grade doors
