Multi-Tenant Warehouse with
7584 Whipple Avenue Northwest North Canton, OH 44720
For Sale
Contact for pricing
Warehouse space features 20-foot ceilings, recently upgraded HVAC, and a mix of warehouse and office space across three units.
Property Size58,574 SF
Price / SF$55.57
Days on Market82
Property Features for 7584 Whipple Avenue Northwest
General Information
- Standard status
- Active
- Size
- 58,574 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1974
Listing Agency:
Multi Family Purchases LLC
Listed By:
Sandeep Gupta · License #CA BRE 01984344
Source:
Crexi
Added: May 4
Changed: Jul 23
Last Checked: Jul 23 at 6:00PM
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 Multi Family Purchases LLC
Investment Insights
Based on property information with market context.
This is a three-unit multi-tenant warehouse property with a mix of warehouse and office space. The main portion includes 28,000 square feet of warehouse space plus 3,800 square feet of mezzanine office space. A second unit is occupied by Microplex for 12,000 square feet, and the property is described as having 20% office space overall. The warehouse has 20-foot ceilings, and all HVAC systems were recently upgraded. A section covering 28,000 square feet received a new roof in 2019.
The building is located in the City of North Canton and Jackson township. The seller notes the area has no city income tax, and buyers are advised to independently verify the tax status.
Current occupancy includes Suarez Corp occupying 31,800 square feet (28,000 square feet main space and 3,800 square feet mezzanine office space). Microplex is noted as occupying 12,000 square feet.
The building is located in the City of North Canton and Jackson township. The seller notes the area has no city income tax, and buyers are advised to independently verify the tax status.
Current occupancy includes Suarez Corp occupying 31,800 square feet (28,000 square feet main space and 3,800 square feet mezzanine office space). Microplex is noted as occupying 12,000 square feet.
Key Highlights
- 3‑unit multi‑tenant warehouse building totaling 31,800 SF (28,000 SF main + 3,800 SF mezzanine office), with space occupied by Suarez Corp. and Microplex.
- Warehouse space includes 20‑ft ceilings and about 20% office space, providing a warehouse‑and‑office layout across the units.
- All HVAC systems were recently upgraded.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.6k | $4.91 |
| − Vacancy | −$4.9k | −$0.08 |
| EGI | $282.7k | $4.83 |
| − OpEx | −$42.4k | −$0.72 |
| NOI | $240.3k | $4.10 |
58,574 SF · lease $4.91/SF/yr · vacancy 1.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$10.11M
$8.85M – $11.80M
NOI $707,720 @ 7.0% cap · market cap 21.74%
Second Best
Warehouse
$3.43M
$3.00M – $4.01M
NOI $240,303 @ 7.0% cap · market cap 7.38%
Theoretical Best
Retail
$15.29M
$13.38M – $17.84M
NOI $1,070,516 @ 7.0% cap · market cap 32.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar Off Market Nearby
- Valley Storage - North Canton — 4685 Hossler Dr NW, North Canton, OH 44720
FAQs
What type of property is this?
Warehouse - Warehouse space features 20-foot ceilings, recently upgraded HVAC, and a mix of warehouse and office space across three units.
Where is this warehouse located?
The property is located at 7584 Whipple Avenue Northwest North Canton, OH.
What is the asking price?
The asking price for this property is $3,255,000.
What are key features of this property?
This property features: 3‑unit multi‑tenant warehouse building totaling 31,800 SF (28,000 SF main + 3,800 SF mezzanine office), with space occupied by Suarez Corp. and Microplex.; Warehouse space includes 20‑ft ceilings and about 20% office space, providing a warehouse‑and‑office layout across the units.; All HVAC systems were recently upgraded.
