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    Market Ave Canton, OH 44721
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    Market Ave Canton, OH 44721

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    • Retail properties & Spaces
    • 28,840 SF
    • 5.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Market Ave

    Lot size
    5.88 lot acres
    Property size
    28,840 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail and restaurant opportunity in North Canton, Ohio, presents 28,840 square feet of space across four buildings situated on a 5.88-acre lot (256,133 square feet). Currently fully vacant, this property offers multiple tenancy options, with individual suites ranging from a minimum of 1,800 square feet to a maximum contiguous space of 5,280 square feet. A total of ten suites are available within the complex, providing flexibility for various business needs. The property is zoned OB and located on Market Avenue N, a high-traffic area with an average annual daily traffic count of 13,159 vehicles. Its strategic location near Walsh University (2,700 students) and Washington Square ensures high visibility and accessibility to a substantial customer base. This development is ideally positioned to serve the approximately 65,000 Stark County residents within a five-mile radius, offering convenient access to dining, retail, and services. The property's size and layout make it suitable for a variety of retail and restaurant concepts, presenting a unique opportunity for investors and businesses seeking a prominent location in a thriving community. This is a to-be-constructed project, offering a chance to shape the future of this retail center.

    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
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3634
    Latitude
    40.8894

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      2509 Easton St

      Individual retail properties • 6,000 SF
      2509 Easton St, North Canton, OH 44721
      View Details
    • Value Estimation by Request
      832 SF

      5187 Tyro NE St

      NURSERY, GREENHOUSE, FLORIST • 832 SF
      5187 Tyro NE St, Canton, OH 44721-1147
      View Details
    • Value Estimation by Request
      3,597 SF

      6501 Market N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,597 SF
      6501 Market N Ave, Canton, OH 44721-2430
      View Details
    • Value Estimation by Request
      864 SF

      6545 Middlebranch NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 864 SF
      6545 Middlebranch NE Ave, Canton, OH 44721-2627
      View Details
    • Value Estimation
      $535,000
      3,118 SF

      6404 Market N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,118 SF
      6404 Market N Ave, Canton, OH 44721-2427
      View Details
    • Value Estimation by Request
      1,485 SF

      5501 Market N Ave

      RESTAURANT • 1,485 SF
      5501 Market N Ave, Canton, OH 44721-3226
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $46,900
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      Residential Land in Established Neighborhood

      Land with existing septic and well in Plain Township.
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    • $75,000
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      Residential Lot in North Canton

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    • $75,000
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      Residential Lot in North Canton

      Cleared 0.43-acre lot in established North Canton neighborhood.
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      Residential Land in Wicker Creek

      0.6 acre lot in established Plain Township community.
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    Similar Nearby for Lease

    • Contact for pricing

      North Canton Development Opportunity

      Prime developable land near Washington Square and Walsh University.
      Market Ave N, North Canton, OH 44721
      View Details
    • Contact for pricing

      Land Near Oakwood Square

      Land available near Plain Township Amphitheater and Oakwood Square.
      6310-6336 Middlebranch Ave NE, Canton, OH 44721
      View Details
    • Contact for pricing
      5 SF

      North Canton Development Opportunity

      Prime land for retail, restaurant, or service-based businesses.
      Market Ave N, North Canton, OH 44721
      View Details
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    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.

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