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    919 Cherry St Canal Fulton, OH 44614

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    For Lease
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    Canal Fulton Office Suites - For Lease

    Lot size:
    39,908 SF

    Property Features for 919 Cherry St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,908 SF
    Class
    B

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 919 Cherry St, Canal Fulton, OH 44614 Contact us

    We can help!

    Listing Contact
    Joe Jackson
    Joe Jackson

    Listing Agency: NAI Spring Listing Agent: Joe Jackson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Heritage Square Plaza, located at 919 Cherry St E in Canal Fulton, Ohio (zip code 44614), offers flexible office space for lease. This Class B property, built in 1974, comprises a single two-story building totaling 39,908 square feet situated on a 9.59-acre lot (417,740 square feet). The property is zoned B1 and currently features multiple tenants. The building offers a variety of office space configurations, suitable for traditional office uses, coworking setups, or creative office environments. Units range from a minimum of 596 square feet to a maximum contiguous space of 1,595 square feet. Currently, 2,191 square feet of space is available for lease. The property features ample parking to accommodate tenants and their clients. While there are no elevators, the building is only two stories. The property is ideally situated in Stark County, Ohio, providing easy access to local amenities and transportation routes. Interested parties should inquire about available space and lease terms. This is a great opportunity to secure office space in a well-maintained building with a variety of options to suit different business needs. The property's location and flexible space options make it an attractive choice for businesses of all sizes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canal Fulton
    County
    Stark
    State
    Ohio
    Longitude
    -81.58816208
    Latitude
    40.89538306

    Nearby Similar for Lease

    • $900 /Mo
      700 SF

      Office Space in Heritage Square

      Office space for rent in a neighborhood plaza with ample parking.
      919 Cherry St E, Canal Fulton, OH 44614
      View Details
    • $15 SF/Yr
      2,000 SF

      Iconic Downtown End-Cap Retail Space

      Prime retail/restaurant space in Canal Fulton's landmark building.
      128-142 N Canal St, Canal Fulton, OH 44614
      View Details
    • Contact for pricing
      1,580 SF

      Retail Space with Drive-Thru

      1,580 sq ft retail space with drive-thru window.
      2384 Locust St S, Canal Fulton, OH 44614
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Canal Fulton Office Suites - For Lease
    Where is this neighborhood center located?
    The property is located at 919 Cherry St Canal Fulton, OH.
    What are key features of this property?
    This property features: Prime office space available in Heritage Square Plaza, Canal Fulton.; Strong tenant mix including Dollar General, Don Brand's Pizza, and Sapphire Lotus Holistic Healing.; Convenient location near numerous retail and dining options.
    (330) 933-6349 Call to check price and availability
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    919 Cherry St Canal Fulton, OH 44614
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    919 Cherry St Canal Fulton, OH 44614
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Jackson
    Joe Jackson
    Real Estate License ID: SAL.2022005538
    (330) 933-6349 (330) 966-8800
    Learn more
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