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    Property profile & analytics

    4503 Tuscarawas W St Canton, OH 44708-5336

    • Drive through restaurants
    • 844 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2025
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5230812
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rally's / Fast Food Restaurant / American Restaurant

    Property Details for 4503 Tuscarawas W St

    Year built
    2019
    Construction
    METAL FRAME
    Lot size
    0.48 lot acres
    Property size
    844 SF
    Property type
    Drive through restaurants
    APN
    10-011248
    APU
    10011248

    Description

    This exceptional investment opportunity presents a stabilized, 100% occupied, multi-tenant retail property featuring AT&T, Checkers and Rally's, and Charleys. The 6,200 square foot property, situated on a 1.06-acre lot at 4503 Tuscarawas St W, Canton, OH 44708, boasts a strong 7.25% cap rate and a substantial NOI of $157,501. Comprised of two buildings, one constructed in 1976 and the other in 2020, the property underwent extensive renovations in 2022, including new build-outs and ground-up construction for Rally's. Significant improvements completed since 2017 include a new TPO roof (2020), parking lot paving (2017), and new HVAC systems (2019/2022), totaling over $600,000 in upgrades. The property benefits from a prime location on Tuscarawas Street West, a major thoroughfare connecting Canton and Massillon, experiencing high daily vehicle traffic (19,100 VPD) and situated near a significant retail corridor. The property's proximity to major retailers like Walmart, JCPenney, and others further enhances its visibility and appeal. The ground lease extends until March 31, 2035, with built-in rent bumps. This is a rare opportunity to acquire a well-maintained, high-performing retail investment in a densely populated area with strong demographics (10,624 residents within 1 mile, 64,514 within 3 miles, and 152,140 within 5 miles). The property's three tenants enjoy an average lease term remaining of 8.1 years, with a weighted average lease term of 7.8 years. The asking price is $2,172,000, translating to $350.32 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $158,000
      Market price range: $33.2k - $159k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4285
    Latitude
    40.7965
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,940
    $52,890
    $88,310
    $141,200
    -
    $151,100
    $252,300
    $403,400

    Comparable in this City

    • Value Estimation
      $280,000
      2,310 SF

      4527 Tuscarawas W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,310 SF
      4527 Tuscarawas W St, Canton, OH 44708-5336
      View Details
    • Value Estimation
      $275,000
      2,135 SF

      4750 Tuscarawas W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,135 SF
      4750 Tuscarawas W St, Canton, OH 44708-5341
      View Details
    • Value Estimation
      $1,150,000
      1,856 SF

      2304 Tuscarawas W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,856 SF
      2304 Tuscarawas W St, Canton, OH 44708-4752
      View Details
    • Value Estimation
      $300,000
      3,608 SF

      3211 Tuscarawas W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,608 SF
      3211 Tuscarawas W St, Canton, OH 44708-4141
      View Details
    • Value Estimation
      $285,000
      3,500 SF

      4526 Tuscarawas W St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,500 SF
      4526 Tuscarawas W St, Canton, OH 44708-5337
      View Details
    • Value Estimation
      $230,000
      1,416 SF

      4641 Hls And Dales NW Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,416 SF
      4641 Hls And Dales NW Rd, Canton, OH 44708-1509
      View Details

    Similar Nearby for Sale

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      Canton Retail Investment Opportunity

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      0.23 Acres

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      5-acre homesite near Brookside Country Club offers privacy and convenience.
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    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Canton Retail Development Opportunity

      High-traffic corner lot, build-to-suit available.
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      Hillsdale Acme Plaza Retail Space

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      Former Bank Branch Available

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      View Details
    • Contact for pricing
      20,010 SF

      Retail Space Near Retail Corridor

      Retail space near major retail corridor with easy highway access.
      2859 Whipple Ave NW, Canton, OH 44708
      View Details
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    Canton, OH 44708-5336
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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
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