Building Details

Year Built 1910

Buildings 2

Listing Agency: Kiko

Listed By: Colton J Kiko · License #2019001100 Show Phone

Source: Theacclaimedrealty

Added: Aug 29 Changed: Oct 14 Last Checked: Oct 7 at 1:08PM

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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 Kiko

Investment Insights

Based on property information with market context.

This industrial warehouse property spans 20,000+ square feet across 3.7 acres and carries I-1 industrial zoning. The primary building contains 14,000+ square feet of heated warehouse area with 13’6” ceilings, six exterior loading docks, two 5-ton overhead cranes, and air lines throughout. Recent improvements include concrete floors, 480V electric service, gas radiant tube heat, and fireproof walls and doors with a ProTec alert system. An 1,800-square-foot climate-controlled office component provides five separate rooms and bathrooms.

A separate 60’x80’ cold-storage pole building adds concrete floors and electric service. The site includes water, sewer, and natural gas utilities, a 5-foot chain-link perimeter fence with two gates, and railroad siding on the R.J. Corman railroad. The property is currently operating as a pallet facility and is located in Canal Fulton, Ohio, within 30 minutes of Akron, Canton, Medina, and Wooster.

Key Highlights

• 20,000+ sq. ft. industrial facility on 3.7 acres with I‑1 zoning
• 14,000+ sq. ft. heated warehouse with 13’6” ceilings
• Six exterior loading docks and two 5‑ton overhead cranes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,513

Cap Rate

7.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,690,260 $1.7M

Cap Rate 7%

$1,207,329 $1.2M

Cap Rate 9%

$939,033 $939.0K

Market Conditions

NOI Build-Up for 20,600 SF

Gross rent

$101.1K $4.91/SF

− Vacancy

−$1.7K −$0.08/SF

EGI

$99.4K $4.83/SF

− OpEx

−$14.9K −$0.72/SF

NOI

$84.5K $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%

$1,690,260

Cap Rate 7%

$1,207,329

Cap Rate 9%

$939,033

Alternative Uses

Best Use

Warehouse

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,513 @ 7.0% cap · market cap 7.68%

Second Best

Industrial

$994.3K

$870.0K – $1.16M (±1% cap)

NOI $69,599 @ 7.0% cap · market cap 6.33%

Theoretical Best

Retail

$5.38M

$4.71M – $6.27M (±1% cap)

NOI $376,492 @ 7.0% cap · market cap 34.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Law Firm Dental Office Big Box & Wholesale Store Restaurant Real Estate Agency

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

13 ft

Clear height

6

Dock-high doors

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 44614, OH

12,922

Population

5,961

Households

2.2

Avg Household Size

44

Median Age

29%

College-Educated

96%

High-School Grad

22.8 sq mi

ZIP Area

567

Density / Sq Mi

$83,143

Median Household Income

$47,580

Median Earnings

$932

Median Rent

$201,700

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

40-Unit Garden-Style Apartment Community

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3.46 Acres

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Light Industrial Machine Shop

1108-1 /2 Milan St N, Canal Fulton, OH 44614

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Frequently Asked Questions

What type of property is this?

Warehouse - Fenced industrial property with warehouse, office, loading, crane, and cold-storage improvements.

Where is this warehouse located?

The property is located at 816 Milan St N Canal Fulton, OH.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 20,000+ sq. ft. industrial facility on 3.7 acres with I‑1 zoning; 14,000+ sq. ft. heated warehouse with 13’6” ceilings; Six exterior loading docks and two 5‑ton overhead cranes