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    6483 Dressler Rd North Canton, OH 44720

    Sponsored
    For Sale
    $941,000

    Prime Ohio storefront, strong tenant, high NOI.

    Property size:
    3,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 3,960 square foot Sherwin-Williams storefront located at 6483 Dressler Rd NW, North Canton, OH 44720. The property sits on a 0.76-acre lot and is a single-story building operating under a Net Net (NN) lease with a credit-rated corporate guarantor, minimizing landlord responsibilities. The current lease, commenced January 1, 2018, has a remaining term of approximately 3.1 years, expiring December 31, 2027, with two 5-year renewal options. Rent increases annually at 2%. The property boasts a strong Net Operating Income (NOI) of $54,100, resulting in a 5.75% cap rate. The asking price is $941,000, translating to $237.63 per square foot. This location benefits from excellent visibility and accessibility, situated on Dressler Road NW, which sees over 13,000 vehicles daily. The surrounding area demonstrates strong demographics, with a 5-mile radius population exceeding 131,761 and average household income over $84,000. The property's proximity to Kent State University at Stark (less than one mile, 4,422 students) and numerous national retailers including McDonald's, Taco Bell, Wendy's, Best Buy, Home Depot, Lowe's, Sam's Club, Marshall's, Walmart, Target, Chick-fil-A, and Raising Cane's further enhances its desirability and potential for long-term value appreciation. 100% occupancy ensures a consistent income stream.

    Property Features for 6483 Dressler Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,960 SF
    Lot Size
    33,106 SF

    Building Details

    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.424164
    Latitude
    40.8715335

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    FAQs

    What type of property is this?
    Individual retail property - Prime Ohio storefront, strong tenant, high NOI.
    Where is this individual retail property located?
    The property is located at 6483 Dressler Rd North Canton, OH.
    What is the asking price?
    The asking price for this property is $941,000.
    Request Owner's contact information
    6483 Dressler Rd North Canton, OH 44720
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    North Canton, OH 44720
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    Realmo Value Estimation

    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.

    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.

    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
    6483 Dressler Rd North Canton, OH 44720
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