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    Industrial Facility Near I-77 Title is generated by Realmo AI

    1411 Navarre Rd SW, Canton, OH 44706

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    Multitenant industrial facility with spaces available for lease.

    Type:Industrial
    Property size:
    83,052 SF
    Added:
    Sep 13, 2024
    Days on Market:
    630
    Last Refresh:
    May 12 at 9:49 pm

    Property Features for 1411 Navarre Rd SW

    General Information

    Standard status
    Active
    Size
    83,052 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 1411 Navarre Rd SW Contact us

    Bays 6A-6C - 35,675 Sq.Ft. $4/Mo

    Size
    35,675 SF
    Type
    Industrial
    Lease approximately approximately 35,675 SF of industrial bays with up to 24' clear,...
    show more
    Contact us

    Bay 4, 5 & 6A-C - 83,052 $3/Mo

    Size
    83,052 SF
    Type
    Industrial
    Lease the total foot print currently available of 83,052 Sq.Ft. with industrial bays...
    show more
    Contact us

    Bays 4 & 5 - 47,277 Sq.Ft. $4/Mo

    Size
    47,277 SF
    Type
    Industrial
    Lease approximately 47,277 SF with industrial bays up to 24' clear, with access to...
    show more
    Contact us

    We can help!

    Listing Contact
    Spencer Hartung
    Spencer Hartung

    Listing agent Spencer Hartung License #OH 2016003574

    Listing office Putman Properties Inc

    Listing date Sep 13, 2024

    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

    • Multiple industrial/distribution bays available, ranging from 15,312 sq.ft. to 83,052 sq.ft. offering flexible space.
    • Excellent location with high visibility from I‑77 and easy access to Rt 30 and I‑77.
    • Abundant power supply with 13,200 KVA Transformers and 480/240V 3‑phase electric.
    • Over 200 secured parking spaces.
    • CAM of $1.70 per sq.ft. includes real estate taxes, insurance, landscaping, and snow removal.
    • Property is zoned heavy industrial and located in a Foreign Trade Zone.

    Overview

    This multitenant industrial facility, formerly home to Helios Coatings, Inc., is located with visibility from I-77 and easy access from Rt 30 and I-77. The location benefits from a traffic count of 81,555 vehicles from I-77 and 45,303 vehicles from Rt 30. Crown Cork & Seal and Timken CO are current tenants. The facility is completely sprinklered and features 13,200 KVA Transformers with 480/240V 3-phase electric. Over 200 secured parking spaces are available. Several industrial/distribution size bays are available for lease, including spaces of 15,312 sq.ft., 19,995 sq.ft., 21,745 sq.ft., 26,000 sq.ft., and 83,052 sq.ft. The total lease area is one bay or all four. The CAM is $1.70 per sq.ft. and includes real estate taxes, insurance, landscaping, and snow removal. Gas, electric, water, and sewer are rebilled by the owner. The property is zoned heavy industrial and is located in a Foreign Trade Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3873426
    Latitude
    40.7879016

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    FAQs

    What type of property is this?
    Industrial property - Multitenant industrial facility with spaces available for lease.
    Where is this industrial property located?
    The property is located at 1411 Navarre Rd SW Canton, OH.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Multiple industrial/distribution bays available, ranging from 15,312 sq.ft. to 83,052 sq.ft. offering flexible space.; Excellent location with high visibility from I‑77 and easy access to Rt 30 and I‑77.; Abundant power supply with 13,200 KVA Transformers and 480/240V 3‑phase electric.
    (330) 495-0601 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Spencer Hartung
    Spencer Hartung
    Real Estate License ID: OH 2016003574
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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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