Multi-Building Flex
New
For Sale
$1,950,000
7170 Portage St NW, Massillon, OH 44646
Three-building property combines retail, showroom, and warehouse configurations with an overhead door and loading docks.
Property Size36,172 SF
Lot Size5.24 Acres
Price / SF$53.91
Days on Market2
Property Features for 7170 Portage St NW
General Information
Standard status
Active
Size
36,172 SF
Class
B
Lot size
5.24 Acres
Property subtype
Warehouse
Warehouse & Industrial
Warehouse Space
9,600 SF
Dock-High Doors
2
Additional Details
Road Access
Yes
Building Details
Building Size
36,172 SF
Year Built
1978
Buildings
3
Listing Agency:
NAI | Spring Commercial Realty
Listed By:
Dan Spring
(330) 966-8800
Source:
Thebrokerlist
Added: Sep 6
Last Checked: Sep 6 at 2:23PM
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 Commercial Realty
Investment Insights
Based on property information with market context.
This flex property comprises three buildings totaling 36,172 SF on 5.24 acres. The connected front buildings provide 11,980 SF and 14,592 SF of retail and showroom area, while an overhead door supports access between the commercial and service-oriented portions of the property. A separate 9,600 SF rear warehouse includes two loading docks and an efficient circulation layout.
The property is located at 7170 Portage St NW in Massillon, Ohio, near the Wales Ave and Portage St intersection in Jackson Township. Built in 1978, the site combines substantial retail, showroom, and warehouse space within a single multi-building commercial property.
The property is located at 7170 Portage St NW in Massillon, Ohio, near the Wales Ave and Portage St intersection in Jackson Township. Built in 1978, the site combines substantial retail, showroom, and warehouse space within a single multi-building commercial property.
Key Highlights
- Three buildings totaling 36,172 SF on 5.24 acres
- Connected front buildings measure 11,980 SF and 14,592 SF
- Rear warehouse contains 9,600 SF and two loading docks
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
$148,397
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
7.61%
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%
$2,967,940
$3.0M
Cap Rate 7%
$2,119,957
$2.1M
Cap Rate 9%
$1,648,856
$1.6M
Market Conditions
NOI Build-Up for 36,172 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
$177.6K $4.91/SF
− Vacancy
−$3.0K −$0.08/SF
EGI
$174.6K $4.83/SF
− OpEx
−$26.2K −$0.72/SF
NOI
$148.4K $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%
$2,967,940
Cap Rate 7%
$2,119,957
Cap Rate 9%
$1,648,856
Alternative Uses
Best Use
Retail
$9.44M
$8.26M – $11.02M
NOI $661,090 @ 7.0% cap · market cap 33.90%
Second Best
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,397 @ 7.0% cap · market cap 7.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building property combines retail, showroom, and warehouse configurations with an overhead door and loading docks.
Where is this flex space located?
The property is located at 7170 Portage St NW Massillon, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three buildings totaling 36,172 SF on 5.24 acres; Connected front buildings measure 11,980 SF and 14,592 SF; Rear warehouse contains 9,600 SF and two loading docks
