Building Details

Building Size 36,172 SF

Year Built 1978

Buildings 3

Listing Agency: NAI | Spring Commercial Realty

Listed By: Dan Spring Show Phone

Source: Thebrokerlist

Added: Sep 6 Changed: Oct 13 Last Checked: Oct 20 at 5:11PM

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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

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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.

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 / Yr

$148,397

Cap Rate

7.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,967,940 $3.0M

Cap Rate 7%

$2,119,957 $2.1M

Cap Rate 9%

$1,648,856 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 36,172 SF

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 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 (±1% cap)

NOI $661,090 @ 7.0% cap · market cap 33.90%

Second Best

Warehouse

$2.12M

$1.85M – $2.47M (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Casey's Countryside Furniture Furniture & Home Goods

Suggested Use

Top Pick Law Firm Nail Salon Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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