Former Rite Aid For
For Sale
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3030 Market Ave N, Canton, OH 44714
Former Rite Aid with drive-thru near high-traffic intersection.
Property Size11,335 SF
Price / SF$149.98
Days on Market754
Property Features for 3030 Market Ave N
General Information
Standard status
Active
Size
11,335 SF
Property subtype
Retail
Zoning
B1
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1998
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NAI Spring
Listed By:
Sean Sanford · License #SAL.0000399521
(330) 284-0331
Source:
Crexi
Added: Sep 26, 2024
Changed: Sep 11
Last Checked: Sep 6 at 7:52PM
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 Spring
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Investment Insights
Based on property information with market context.
This property, formerly a Rite Aid, is located near the intersection of Market Avenue N and 30th Street, an area characterized by high traffic volume. The building features a drive-thru and a rear overhead door. The property has a size of 11335 square feet and is suitable for commercial real estate, retail spaces, and drug stores.
Key Highlights
- High traffic location at the intersection of Market Ave N and 30th Street.
- Former Rite Aid location.
- Drive‑thru access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,311
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,466,220
$2.5M
Cap Rate 7%
$1,761,586
$1.8M
Cap Rate 9%
$1,370,122
$1.4M
Market Conditions
NOI Build-Up for 11,335 SF
Gross rent
$170.0K $15.00/SF
− Vacancy
−$5.6K −$0.50/SF
EGI
$164.4K $14.50/SF
− OpEx
−$41.1K −$3.63/SF
NOI
$123.3K $10.88/SF
Area
Stark County, OH
Vacancy
3.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,466,220
Cap Rate 7%
$1,761,586
Cap Rate 9%
$1,370,122
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,162 @ 7.0% cap · market cap 12.19%
Second Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,311 @ 7.0% cap · market cap 7.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44714, OH
8,923
Population
4,458
Households
2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,432
Density / Sq Mi
$57,583
Median Household Income
$37,238
Median Earnings
$901
Median Rent
$143,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Giant Eagle Pharmacy — 3100 Cromer Ave NW, Canton, OH 44709
- Tara Hubert — 3100 Cromer Ave NW, Canton, OH 447092910
- Charles Anderson — 3030 Market Ave N, Canton, OH 447141428
- Rite Aid Pharmacy — 3030 Market Ave N, Canton, OH 44714
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite Aid with drive-thru near high-traffic intersection.
Where is this drug store located?
The property is located at 3030 Market Ave N Canton, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High traffic location at the intersection of Market Ave N and 30th Street.; Former Rite Aid location.; Drive‑thru access.
