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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4727 Higbee Ave Canton, OH 44718

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

    Current Use by Public Records

    • Land

    Property Details for 4727 Higbee Ave

    Lot size
    1.35 lot acres
    Property type
    Land

    Description

    This exceptional investment opportunity encompasses four parcels of commercial land located at 4727 Higbee Avenue Northwest in Canton, Ohio, with a combined acreage ranging from 1.35 to 6.32 acres. The property is zoned B3, offering significant development potential. The asking price for the entire assemblage is $270,000, translating to a land value of $200,000 per acre. Individual parcel APNs are 1626693, 1626694, 1626695, and 1627195. This prime location in Canton, Ohio, presents a unique chance to develop a variety of commercial projects. The zoning allows for a wide range of uses, making it ideal for entrepreneurs and developers seeking a strategic location with high visibility. Preliminary assessments suggest the land is suitable for projects such as an office building or an extended-stay hotel, though further due diligence is recommended to confirm feasibility and compliance with all local regulations. The property's size and zoning flexibility provide ample room for creative development plans, catering to a diverse range of commercial ventures. This is a rare opportunity to acquire a substantial land holding in a thriving Ohio market. Serious inquiries are encouraged to explore the potential of this remarkable investment. The property is located in Stark County, Ohio, with a zip code of 44718.

    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
    -81.4278
    Latitude
    40.8508

    Comparable in this City

    • Value Estimation by Request
      7,677 SF

      5050 Everhard Rd

      Land • 7,677 SF
      5050 Everhard Rd, Canton, OH 44718
      View Details
    • Value Estimation by Request
      8.64 Acres

      4300 Munson St

      Land • 36,000 SF
      4300 Munson St, Canton, OH 44718
      View Details
    • Value Estimation by Request
      0.53 Acres

      3445 Whipple Ave

      Land • 0.53 Acres
      3445 Whipple Ave, Canton, OH 44718
      View Details
    • Value Estimation by Request
      1.35 Acres

      4717 Higbee Ave

      Land • 1.35 Acres
      4717 Higbee Ave, Canton, OH 44718
      View Details
    • Value Estimation by Request
      1.35 Acres

      4707 Higbee Ave

      Land • 345,947 SF
      4707 Higbee Ave, Canton, OH 44718
      View Details
    • Value Estimation by Request
      5.00 Acres

      4996 Fulton Rd

      Land • 5.00 Acres
      4996 Fulton Rd, Canton, OH 44718
      View Details

    Similar Nearby for Sale

    • $65,000
      0.82 Acres

      Canton Commercial Land Pad #4

      0.82-acre lot, B-1 zoning, great visibility.
      4001 Whipple Ave, Canton, OH 44718
      View Details
    • $150,000
      0.53 Acres

      Canton Commercial Land - $150K

      Prime 0.53-acre lot, high traffic area.
      3445 Whipple Ave, Canton, OH 44718
      View Details
    • Contact for pricing
      1.01 Acres

      Canton Meijer Outlot - Prime Location

      1.01-acre commercial land, sale or lease.
      4770 Fulton Dr, Canton, OH 44718
      View Details
    • Contact for pricing
      0.73 Acres

      Canton Commercial Land - Two Lots

      0.73 Acres, Prime Canton Location, All Cash Sale
      5678 Wales Ave, Canton, OH 44718
      View Details
    • $65,000
      0.96 Acres

      Canton Commercial Land - $65,000

      0.96-acre lot, high visibility, I-77 access.
      4001 Whipple Ave, Canton, OH 44718
      View Details
    • $150,000
      0.55 Acres

      Canton Land: Prime Office Site

      0.55-acre lot, B1 zoning, ideal office space.
      0 Executive Cir, Canton, OH 44718
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,000 SF

      Canton Retail Space For Lease

      High-traffic retail space in Belden Village
      4066 Belden Village St, Canton, OH 44718
      View Details
    • Contact for pricing
      43,996 SF

      Canton Meijer Outlot - Prime Location

      1.01-acre commercial outlot; sale or ground lease.
      4770 Fulton Dr, Canton, OH 44718
      View Details
    • $20 SF/Yr
      9,436 SF

      Canton Office Space - Belden Village

      High-profile office space, excellent location.
      5021 B Whipple Ave, Canton, OH 44718
      View Details
    • Contact for pricing
      1 SF

      Prime Canton Retail Opportunity

      High-visibility retail land, 0.64 acres
      2704 Fulton Dr, Canton, OH 44718
      View Details
    • $7,500 /Mo
      3 SF

      Land Available For Lease

      Up to 3 acres of land available for lease.
      2550-2559 Fulton Dr NW, Canton, OH 44718
      View Details
    • $6,080 /Mo

      Land Lease Near Hall of Fame

      0.64 acre land lease opportunity near Hall of Fame.
      2700-2704 Fulton Dr NW, Canton, OH 44718
      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.
    4727 Higbee Ave
    Canton, OH 44718
    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.