Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    700 Marietta Ave Canton, OH 44704

    • Land
    • 6.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 700 Marietta Ave

    Lot size
    6.90 lot acres
    Property type
    Land

    Description

    This exceptional 6.9-acre property in Canton, Ohio, presents a unique investment opportunity. Zoned for both industrial (I-1, approximately 5 acres) and residential (R-2, approximately 1.9 acres) uses, this versatile land parcel offers significant development potential. Strategically located at 700 Marietta Avenue Northeast, at the corner of 3rd Street Northeast, near Georgeview Estates, the property boasts convenient access to vital infrastructure. Public water and sewer services are readily available, simplifying development plans. The parcel includes APN 400755, and also encompasses parcels 1302482 and 1313907. This expansive land area is ideal for a variety of projects, from industrial facilities to residential developments. The seller is open to considering offers for the entire parcel or a division of the land, providing flexibility for potential buyers. This prime location in Canton, Ohio, with its established infrastructure and zoning flexibility, makes this a highly attractive investment opportunity. The asking price for this combined parcel is $135,100. Adjacent parcels are also available for purchase, offering the potential for even larger-scale development projects.

    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
    -81.3356
    Latitude
    40.7989

    Comparable in this City

    • Value Estimation by Request
      10.72 Acres

      511 Trump Ave

      Land • 10.72 Acres
      511 Trump Ave, Canton, OH 44704
      View Details
    • Value Estimation by Request
      0.04 Acres

      Woodrow NE Ct

      VACANT COMMERCIAL LAND • 0.04 Acres
      Woodrow NE Ct, Canton, OH 44704
      View Details
    • Value Estimation by Request
      0.19 Acres

      Tuscarawas E St

      VACANT COMMERCIAL LAND • 0.19 Acres
      Tuscarawas E St, Canton, OH 44704
      View Details
    • Value Estimation by Request
      0.38 Acres

      2nd NE St

      VACANT COMMERCIAL LAND • 0.38 Acres
      2nd NE St, Canton, OH 44704
      View Details
    • Value Estimation by Request
      0.07 Acres

      5th NE St

      VACANT COMMERCIAL LAND • 0.07 Acres
      5th NE St, Canton, OH 44704
      View Details
    • Value Estimation by Request
      0.07 Acres

      5th NE St

      VACANT COMMERCIAL LAND • 0.07 Acres
      5th NE St, Canton, OH 44704
      View Details

    Similar Nearby for Sale

    • $450,000
      1.00 Acre

      Canton Corner Lot - $450K

      Prime 1-acre commercial outlot, downtown Canton.
      1020 Market Ave, Canton, OH 44704
      View Details
    • $840,000

      21 Acres Zoned I1

      21 acres of industrial land in Canton, Ohio.
      Marietta Ave, Canton, OH 44704
      View Details
    • $340,500

      Land For Sale

      Land available near industrial park development.
      Belden Ave SE, Canton, OH 44704
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Land in Canton, OH

      Vacant land available for building a dream home.
      1855 7Th St NE, Canton, OH 44704
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      148,000 SF

      Prime Canton Office & Retail Space

      148,000 SF, 65,000 SF Vacant
      1020 Market Ave, Canton, OH 44704
      View Details
    • Contact for pricing
      1 SF

      Canton Corner Lot - Prime Location

      1-Acre Outlot, Retail/Office, Opportunity Zone
      1020 Market Ave, Canton, OH 44704
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Marietta Ave
    Canton, OH 44704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.