Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Millennium Blvd Massillon, OH 44646

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16.93 Acres, Prime Industrial Location

    Property Features for 0 Millennium Blvd

    General Information

    Property type
    Land
    Lot Size
    737,471 SF

    We can help!

    Listing Contact
    Dan Spring, Sior
    Dan Spring, Sior

    Listing Agency: NAI Spring Listing Agent: Dan Spring, Sior

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

    Learn more

    Overview

    This exceptional 16.93-acre commercial land parcel presents a unique investment opportunity in Massillon, Ohio. Located on Millennium Blvd SE, this property boasts nearly 1200 feet of frontage on Route 30, ensuring high visibility and accessibility. Zoned for industrial use, this site is ideally suited for a variety of businesses. The expansive 737,471 square foot lot offers ample space for development. The property benefits from its strategic location within an established industrial park, alongside reputable companies such as American Cementing, Case Farms, Ziegler Tire, and Shearer's Foods, providing a strong sense of community and established infrastructure. The asking price for this prime industrial land is $719,525. This represents a compelling opportunity to acquire a significant land holding in a thriving industrial area with excellent highway exposure and proximity to established businesses. The property is located in Stark County, Ohio, with a zip code of 44646. The coordinates are 40.7543606 latitude and -81.5013295 longitude. This is a rare opportunity to secure a substantial parcel of land in a desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5013295
    Latitude
    40.7543606

    Nearby Similar for Sale

    • $225,000
      4,200 SF

      Multi-Use Commercial Building in Downtown

      Multi-use commercial building in a desirable downtown location.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • $259,900
      2,608 SF

      Massillon Duplex on Corner Lot

      Duplex on corner lot with updated units and garages.
      1116 Genoa Ave NW, Massillon, OH 44646
      View Details
    • $144,900
      2,048 SF

      Massillon Duplex Investment Opportunity

      Well-maintained duplex in Massillon with strong rental income potential.
      705-707 Seneca St NE, Massillon, OH 44646
      View Details
    • $279,900
      0.54 Acres

      Massillon Income Property with Pool

      Income-producing property featuring a duplex, house, garages, and pool.
      1307-1309 Main Ave W, Massillon, OH 44647
      View Details
    • $334,900
      1,536 SF

      Income-Producing Multi-Family Investment Opportunity

      Two homes on one acre, fully rented, generating reliable income.
      8242-8244 Navarre Rd SW, Massillon, OH 44646
      View Details
    • $585,000
      9,031 SF

      Medical Office Building Near Hospital

      Medical office building adjacent to Massillon Community Hospital.
      804 Amherst Rd NE, Massillon, OH 44646
      View Details
    • $350,000
      1,843 SF

      Massillon Retail/Restaurant with Drive-Thru

      Retail or restaurant space with drive-thru on Lincoln Way.
      610 Lincoln Way E, Massillon, OH 44646
      View Details
    • $875,000

      Landmark Restaurant & Building For Sale

      Thriving restaurant business and building in prime Massillon location.
      37 1St St Sw, Massillon, OH 44646
      View Details
    • $175,000
      2,964 SF

      Retail Building Near Lincoln Way

      2,964 SF retail building for sale or lease.
      3150 Lincoln Way NW, Massillon, OH 44647
      View Details
    • $995,000
      17,816 SF

      Medical Office Investment Property

      Two-story medical office building with over 100 parking spaces.
      2300 Wales Ave NW, Massillon, OH 44646
      View Details
    • Contact for pricing

      Massillon, OH Specialty Property

      Specialty property in Massillon, Ohio, located on a bustling thoroughfare.
      3050 Lincoln Way E, Massillon, OH 44646
      View Details
    • Contact for pricing
      23,172 SF

      Class A Office Building Space

      Shell space in downtown Massillon with modern amenities.
      50 North Ave NE, Massillon, OH 44646
      View Details

    FAQs

    What type of property is this?
    Land - 16.93 Acres, Prime Industrial Location
    Where is this land located?
    The property is located at Millennium Blvd Massillon, OH.
    What is the asking price?
    The asking price for this property is $719,525.
    What are key features of this property?
    This property features: Highway-visible industrial acreage available.; Prestigious industrial park location with established tenants including American Cementing, Case Farms, Ziegler Tire, and Shearer's Foods.; High-visibility site featuring nearly 1200 feet of Route 30 frontage.
    (330) 966-8800 Call to check price and availability
    Request Owner's contact information
    Millennium Blvd Massillon, OH 44646
    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.
    Millennium Blvd
    Massillon, OH 44646
    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
    Millennium Blvd Massillon, OH 44646
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Spring, Sior
    Dan Spring, Sior
    Real Estate License ID: BRK.2001013773
    (330) 966-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!