Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Canton Warehouse and Office Suites Title is generated by Realmo AI

    1502 12th St SW, Canton, OH 44706

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant warehouse and office suites available for lease.

    Type:Industrial
    Property size:
    90,000 SF
    Lot size:
    7.00 Acres
    Added:
    Dec 2, 2021
    Days on Market:
    1622
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1502 12th St SW

    General Information

    Standard status
    Active
    Size
    90,000 SF
    Lot size
    7.00 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 1502 12th St SW Contact us

    1201 Camden Ave SW $3 /Mo

    Size
    5,040 SF
    Type
    Industrial
    5,040 Sq.ft. of warehouse/shop space. One (1) 9'x9' overhead door (OHD), two (2)...
    show more
    Contact us

    17,023 SQ.FT. INDUSTRIAL SPACE $3 /Mo

    Size
    17,023 SF
    Type
    Industrial
    17,023 Sq.ft. warehouse (12,624 sq.ft.) and office (4,399 sq.ft.) space. Reznor...
    show more
    Contact us

    We can help!

    Listing Contact
    Saylor Putman
    Saylor Putman

    Listing agent Saylor Putman License #BRKP.2024002388

    Listing office Putman Properties, Inc

    Listing date Dec 2, 2021

    Source Crexi

    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 Putman Properties, Inc

    HighLights

    • Multi‑tenant warehouse building with a large total area of 223,374 SF.
    • Located on 7 acres.
    • Offers a variety of suite sizes, ranging from 4,000 SF to 90,000 SF.
    • Suitable for a variety of tenants.
    • Warehouse and office suites available.
    • Close proximity to Rt. 30 / I‑77.

    Overview

    The Prospect Business Center is a multi-tenant warehouse building with 223,374 square feet of space, situated on 7 acres in Canton, Ohio. The property offers a variety of warehouse and office suites, ranging in size from approximately 4,000 to 90,000 square feet, catering to diverse tenant requirements. The location provides convenient access to Route 30 and Interstate 77.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest ComTel, Inc Recycling Center

    Suggested Use

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

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

    Similar Places Nearby

    • Spencer Storage Solutions LLC — 1832 Bryan Ave SW, Canton, OH 44706
    • Dove Storage - Canton — 1110 Camden Ave SW, Canton, OH 44706
    • Spencers Storage Solution — 1832 bryan ave sw, canton, oh 44706
    • Bracken Automotive & Storage Llc. — Canton, OH 44706
    • Frana Clara Self Storage — Bryan Ave SW, Canton, OH 44706

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3900405
    Latitude
    40.7897584

    Nearby Similar for Lease

    • $2,000/Mo

      Canton Office Space Available

      Professional office building with suites available for rent.
      1930 Fulton Road NW, Canton, OH 44709
      View Details
    • $1,800/Mo

      Canton Office and Garage Space

      Lease includes garage, two offices, and shared common areas.
      4720 Everhard Road NW, Canton, OH 44718
      View Details
    • $1,000/Mo

      Office Space Near Belden Village

      Office suite for lease near Belden Village in Canton, OH.
      4501 Hills and Dales Road NW, Canton, OH 44708
      View Details
    • $4 SF/Yr

      Former Recreation Center For Lease

      Versatile commercial space with gym, kitchen, and open area.
      2600 25th Street NE, Canton, OH 44705
      View Details
    • $4,611/Mo

      Canton Warehouse Space For Lease

      8,513 SF warehouse space available for lease in Canton.
      221 Cherry Avenue NE, Canton, OH 44702
      View Details
    • $14 SF/Yr

      Canton Office Space Available

      Professional office space for lease in Canton, Ohio.
      4974 Higbee Avenue NW, Canton, OH 44718
      View Details
    • $3,500/Mo

      Professional Office Space For Lease

      Office space in a professional building, convenient location.
      4181 Holiday Street NW, Canton, OH 44718
      View Details
    • $375/Mo

      Affordable Office Space in Canton

      Professional office suite in Belden Village area available for lease.
      4960 Higbee Avenue NW, Canton, OH 44718
      View Details
    • $450/Mo

      Affordable Office Space Available

      Office space for rent with high traffic and signage potential.
      3757 Cleveland Avenue NW, Canton, OH 44709
      View Details
    • $6,700/Mo

      Updated Warehouse in Canton, OH

      Spacious, updated warehouse with loading dock and expansion potential.
      1220 5th Street SW, Canton, OH 44707
      View Details
    • $3,200/Mo

      Versatile Warehouse Space in Canton

      6,654 sq ft warehouse suitable for various commercial uses.
      606 9th Street NE, Canton, OH 44704
      View Details
    • $850/Mo

      Office Space in Canton, OH

      Affordable office space with high traffic and convenient access.
      3757 Cleveland Avenue NW, Canton, OH 44709
      View Details

    FAQs

    What type of property is this?
    Warehouse - Multi-tenant warehouse and office suites available for lease.
    Where is this warehouse located?
    The property is located at 1502 12th St SW Canton, OH.
    What are key features of this property?
    This property features: Multi‑tenant warehouse building with a large total area of 223,374 SF.; Located on 7 acres.; Offers a variety of suite sizes, ranging from 4,000 SF to 90,000 SF.
    (330) 498-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Saylor Putman
    Saylor Putman
    Real Estate License ID: BRKP.2024002388
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1502 12th St SW, Canton, OH 44706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!