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    2509 Easton St North Canton, OH 44721
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    2509 Easton St, North Canton, OH 44721

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    • Retail properties & Spaces
    • 6,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2509 Easton St

    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 6,000-square-foot free-standing retail building is located at 2509 Easton Street NE in North Canton, Ohio, within Stark County. The property sits on a 0.647-acre lot and boasts high visibility at the northwest corner of Easton Avenue NE and Middlebranch Avenue NE. With ample on-site parking (37 spaces), this single-tenant building offers a fantastic opportunity for businesses seeking a prominent location in a well-established area. The building is currently vacant and ready for immediate occupancy. Its location near the heart of the North Canton business district ensures strong foot traffic and excellent brand recognition. The property has a long history as a retail staple in the community, offering established landmark recognition and ideal signage opportunities. This is an exceptional chance to establish or expand your business in a high-traffic area with significant visibility and ample parking. The property's size and location make it suitable for a variety of retail uses. The building is ready for its next chapter, offering a blank canvas for a new tenant to create a thriving business. The property's address is 2509 Easton St NE, North Canton, OH 44721.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3478
    Latitude
    40.8194

    Comparable in this City

    • Value Estimation by Request
      832 SF

      5187 Tyro NE St

      NURSERY, GREENHOUSE, FLORIST
      5187 Tyro NE St, Canton, OH 44721-1147
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    • Value Estimation by Request
      28,840 SF

      Market Ave

      Restaurants
      0 Market Ave, Canton, OH 44721
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    • Value Estimation by Request
      2,312 SF

      6252 Middlebranch NE Ave

      FINANCIAL BUILDING
      6252 Middlebranch NE Ave, Canton, OH 44721-3539
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    • Value Estimation by Request
      4,560 SF

      6351 Middlebranch NE Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      6351 Middlebranch NE Ave, Canton, OH 44721-3556
      View Details
    • Value Estimation by Request
      2,648 SF

      6336 Middlebranch NE Ave

      FINANCIAL BUILDING
      6336 Middlebranch NE Ave, Canton, OH 44721-3555
      View Details
    • Value Estimation
      $1,710,000
      12,462 SF

      6421 Market N Ave

      RETAIL STORES (PERSONAL SERVICES)
      6421 Market N Ave, Canton, OH 44721-2490
      View Details

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    • Contact for pricing

      Retail Spaces Available For Sale

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    • $75,000
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      Residential Lot in North Canton

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      Residential Lot in North Canton

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      Residential Land in Wicker Creek

      0.6 acre lot in established Plain Township community.
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    Request Owner's contact information
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    2509 Easton St
    North Canton, OH 44721
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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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