Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Strausser St North Canton, OH 44720
    Back to Search
    Property profile & analytics

    Strausser St, North Canton, OH 44720

    View on Map
    • Land
    • 18.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Strausser St

    Lot size
    18.12 lot acres
    Property type
    Land

    Description

    This exceptional 18.12-acre parcel presents a remarkable development opportunity in North Canton, Ohio. Strategically located at a new signalized intersection, this B1 RT zoned property offers unparalleled access and visibility. The site is situated just one-third of a mile north of the recently constructed Cosco development, ensuring high traffic volume and strong commercial potential. Its proximity to Akron-Canton Airport (CAK) and less than a mile from I-77 provides convenient access to major transportation arteries. The property includes two existing homes, one measuring 1,505 square feet and the other 4,164 square feet, offering flexibility for immediate income or future redevelopment. This versatile land is ideal for a variety of uses, including retail, multifamily housing, or assisted living facilities. The property's APN numbers are 1602033, 1613332, and 1601464. This prime location and substantial acreage make this an exceptional investment opportunity with significant upside potential. The asking price is $2,353,000. Don't miss this chance to acquire a highly desirable development site in a thriving Ohio community.

    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
    -81.4411
    Latitude
    40.8924

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      7160 Frank Ave

      Lifestyle centers
      7160 Frank Ave, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      4.65 Acres

      Whipple Ave

      Land
      0 Whipple Ave, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      4.50 Acres

      8531 Cleveland Ave

      Land
      8531 Cleveland Ave, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      0.69 Acres

      4298 Massillon Rd

      Land
      4298 Massillon Rd, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      1.42 Acres

      1017-1033 Main St

      Land
      1017-1033 Main St, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      2.04 Acres

      6415 Wise Ave

      Land
      6415 Wise Ave, Canton, OH 44720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Whitewood Ave NW, Canton, OH 44720
      View Details
    • $1,350,000
      1.90 Acres

      North Canton Redevelopment Opportunity

      Prime Retail Land, High Traffic Area
      1136 Main St, North Canton, OH 44720
      View Details
    • Contact for pricing

      17 Acres in North Canton

      17 acres in a newly developed North Canton area.
      9520 Cleveland Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing

      Prime Belden Village Development Site

      Located in a high-traffic retail and dining destination.
      7160 Frank Ave NW, North Canton, OH 44720
      View Details
    • New
      $344,900
      3,024 SF

      North Canton All-Brick Duplex

      Well-maintained duplex with recent updates on a 0.40-acre lot.
      3837-3839 Beech Hill Rd NW, North Canton, OH 44720
      View Details
    • $339,900
      3,784 SF

      North Canton Triplex Investment Opportunity

      Triplex with upside potential in Green Local School District.
      4839 Arlington Rd, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease in Green, Ohio.
      Global Gtwy, Green, OH 44720
      View Details
    • Contact for pricing

      Land for Lease in Green

      Land available for lease in Green, Ohio.
      5615 Massillon Rd, Green, OH 44720
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 5469 Global Gtwy, North Canton, OH.
      5469 Global Gtwy, North Canton, OH 44720
      View Details
    • Contact for pricing

      Redevelopment Opportunity in North Canton

      2.25 acres of parking, retail and outlots available.
      101 E Maple St, North Canton, OH 44720
      View Details
    • Contact for pricing
      4 SF

      Belden Village Prime Development Opportunity

      Prime outparcel development opportunity in Belden Village trade area.
      7160 Frank Ave Northwest, North Canton, OH 44720
      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.
    Strausser St
    North Canton, OH 44720
    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

    Thank You for Inquiry
    Strausser St, North Canton, OH, 44720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!