Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Whipple Ave North Canton, OH 44720
    Property profile & analytics

    Whipple Ave, North Canton, OH 44720

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

    Current Use by Public Records

    • Land

    Property Details for 0 Whipple Ave

    Lot size
    12.78 lot acres
    Property type
    Land

    Description

    This exceptional 12.78-acre commercial land parcel presents a remarkable investment opportunity in North Canton, Ohio. Strategically located along Whipple Ave NW, this property boasts high visibility and significant traffic volume, placing it in close proximity to the bustling Belden Village and the Strip shopping districts. The property's convenient access to I-77 via Portage Ave NW ensures seamless connectivity for businesses and their clientele. The parcel is zoned NC-GBB, offering a range of potential commercial development options. The seller is open to considering the division of the property, providing flexibility for various development scenarios and investment strategies. This prime location, combined with the potential for subdivision, makes this a truly unique opportunity for developers and investors seeking a high-impact commercial venture in a thriving Ohio market. The property includes multiple APNs: 1619794, 10013560, 1619140, 1619141, 1617964, 1617965, 1600856, 1601717, 1602207, 1600450, 1601988, and 1601249. The asking price is $5,540,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.424
    Latitude
    40.8776

    Comparable in this City

    • Value Estimation by Request
      35.18 Acres

      35.175 Acres Vl Greensburg Rd

      Land
      0 35.175 Acres Vl Greensburg Rd, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      17.65 Acres

      7160 Frank Ave

      Individual retail properties
      7160 Frank Ave, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      18.12 Acres

      Strausser St

      Land
      0 Strausser St, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      18.12 Acres

      5185 Strausser St

      Land
      5185 Strausser St, 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

      17 Acres in North Canton

      17 acres in a newly developed North Canton area.
      9520 Cleveland Ave NW, North 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

      Land For Sale

      Land available for sale.
      Whitewood Ave NW, Canton, OH 44720
      View Details
    • $80,000
      0.33 Acres

      Residential Land in Ideal Location

      Residential lots available in established neighborhood with public utilities.
      5677 Shadow Ridge Cir 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

    Similar Nearby for Lease

    • 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

      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

      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.
    Whipple Ave
    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
    Whipple Ave, 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!