Manufacturing Facility with Overhead
For Sale
Contact for pricing
9107 Pleasantwood Ave Nw, North Canton, OH 44720
Well-maintained manufacturing facility in AK-CAN Industrial Park with three overhead cranes and heavy power.
Property Size20,500 SF
Lot Size2.11 Acres
Price / SF$87.80
Days on Market121
Property Features for 9107 Pleasantwood Ave Nw
General Information
Standard status
Active
Size
20,500 SF
Lot size
2.11 Acres
Property subtype
INDUSTRIAL
Additional Details
Heavy Power
Yes
Listing Agency:
NAI Pleasant Valley - Akron
(330) 535-2661
Listed By:
Bob Raskow, SIOR · License #SAL.0000347491
(330) 697-6818
Source:
Moodyscre
Added: May 20
Changed: Sep 13
Last Checked: Sep 16 at 7:45PM
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 NAI Pleasant Valley - Akron
Investment Insights
Based on property information with market context.
Well-maintained manufacturing facility in the AK-CAN Industrial Park (Plain Township) on a 2.11-acre site. The property totals 20,500 square feet and is equipped with three O/H cranes and heavy power to support industrial operations.
The facility is located at 9107 Pleasantwood Ave NW in North Canton, Ohio. Public remarks also note the advantage of a no municipal income tax district.
For manufacturers or industrial users seeking an established facility with overhead crane capability and heavy power on a sizable parcel, this property provides a practical starting point within an industrial park setting in Plain Township.
The facility is located at 9107 Pleasantwood Ave NW in North Canton, Ohio. Public remarks also note the advantage of a no municipal income tax district.
For manufacturers or industrial users seeking an established facility with overhead crane capability and heavy power on a sizable parcel, this property provides a practical starting point within an industrial park setting in Plain Township.
Key Highlights
- 2.11‑acre site in AK‑CAN Industrial Park (Plain Township)
- 20,500 SF manufacturing facility
- Three O/H cranes for overhead material handling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,385,220
$1.4M
Cap Rate 7%
$989,443
$989.4K
Cap Rate 9%
$769,567
$769.6K
Market Conditions
NOI Build-Up for 20,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.7K $4.91/SF
− Vacancy
−$1.7K −$0.08/SF
EGI
$98.9K $4.83/SF
− OpEx
−$29.7K −$1.45/SF
NOI
$69.3K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,385,220
Cap Rate 7%
$989,443
Cap Rate 9%
$769,567
Alternative Uses
Best Use
Industrial
$989.4K
$865.8K – $1.15M
NOI $69,261 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$5.35M
$4.68M – $6.24M
NOI $374,664 @ 7.0% cap · market cap 20.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 44720, OH
40,744
Population
17,988
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
34.3 sq mi
ZIP Area
1,188
Density / Sq Mi
$81,045
Median Household Income
$46,587
Median Earnings
$977
Median Rent
$233,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Well-maintained manufacturing facility in AK-CAN Industrial Park with three overhead cranes and heavy power.
Where is this manufacturing property located?
The property is located at 9107 Pleasantwood Ave Nw North Canton, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 2.11‑acre site in AK‑CAN Industrial Park (Plain Township); 20,500 SF manufacturing facility; Three O/H cranes for overhead material handling
