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    Property profile & analytics

    208 Park Ave Canton, OH 44708

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 208 Park Ave

    Year built
    1898
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3954
    Latitude
    40.8011

    Comparable in this City

    • Value Estimation by Request
      3,328 SF

      4805 12th NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,328 SF
      4805 12th NW St, Canton, OH 44708-3448
      View Details
    • Value Estimation by Request
      3,328 SF

      2911 23rd NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,328 SF
      2911 23rd NW St, Canton, OH 44708-2447
      View Details
    • Value Estimation by Request
      5,556 SF

      415 Aultman NW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,556 SF
      415 Aultman NW Ave, Canton, OH 44708-3828
      View Details
    • Value Estimation by Request
      7,164 SF

      1005 Broad NW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,164 SF
      1005 Broad NW Ave, Canton, OH 44708-4200
      View Details
    • Value Estimation by Request
      5,784 SF

      303 Whipple NW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,784 SF
      303 Whipple NW Ave, Canton, OH 44708-5436
      View Details
    • Value Estimation by Request
      2,592 SF

      3021 17Th St

      Multifamily properties • 2,592 SF
      3021 17Th St, Canton, OH 44708
      View Details

    Similar Nearby for Sale

    • $390,000
      3,656 SF

      Canton Six-Unit Apartment Building

      Six-unit apartment, strong rental history, 12% cap rate.
      4511 Tioga St, Canton, OH 44708
      View Details
    • $109,900
      0.11 Acres

      Canton Duplex Opportunity

      Duplex in Canton with investment potential and separate utilities.
      2916 11Th St NW, Canton, OH 44708
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    • New
      $104,900
      0.13 Acres

      Canton Duplex: Ready for Occupancy

      Vacant, rent-ready duplex with new roof and recent updates.
      2901 7Th St NW, Canton, OH 44708
      View Details
    • New
      $99,900
      1,250 SF

      Turnkey Duplex Investment Opportunity

      Duplex with long-term tenant and Airbnb income potential.
      2811 5Th St NW, Canton, OH 44708
      View Details
    • New
      Contact for pricing
      0.44 Acres

      Land in Canton, Ohio

      Land available in Canton, OH, offered at auction.
      Lakeside Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      7,797 SF

      Office Building on Hills and Dales

      Office building located on Hills and Dales Rd NW.
      4319 Hl & Dales Rd NW, Canton, OH 44708
      View Details

    Similar Nearby for Lease

    • $400 /Mo
      37,026 SF

      Furnished Office Suites For Lease

      Furnished office suites available for lease including utilities and internet.
      4501 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • Contact for pricing

      Hillsdale Acme Plaza Outparcel

      Canton Retail Investment Opportunity
      4500 Hills And Dales Rd, Canton, OH 44708
      View Details
    • $1,000 /Mo
      37,026 SF

      Office Space Near Belden Village

      Office suite for lease near Belden Village in Canton, OH.
      4501 Hills And Dales Rd NW unit G Loft, Canton, OH 44708
      View Details
    • $2,450,000
      1,600 SF

      Office Space Available For Rent

      Office suite available for rent, suitable for medical or office use.
      2864-2922 Whipple Ave NW, Canton, OH 44708
      View Details
    • $750 /Mo

      Furnished Office Suite For Rent

      Furnished office suite in Jackson Twp. with utilities included.
      4501 Hills And Dales Rd Nw, Canton, OH 44708
      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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    208 Park Ave
    Canton, OH 44708
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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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