Property profile

1107 Melchoir Pl Sw Canton, OH 44707

FOR SALE
Flex space
Property ID
US66-1605358
8,688 SF 0.17 ac lot Built 1984
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This 8,688-square-foot industrial property, located at 1107 Melchoir Place SW in Canton, Ohio (44707), offers a unique blend of warehouse and office space. The building, constructed in 1972 and classified as Class B, sits on a 0.17-acre lot and features a single tenancy. The warehouse area comprises six spacious rooms with ceiling heights ranging from 9 to 12 feet, an 8-foot overhead door with opener, and a fenced-in rear area. Amenities include a half-bathroom in the warehouse and a 600 AMP electrical service, updated in September 2020. The two-story building also includes a sizable first-floor office lobby and a second floor with three generously sized offices, a full bathroom with a shower, and a kitchen area in one office. Built-in oak storage cabinetry and additional storage space are also available. Security lighting enhances the fenced-in rear of the building. Utilities and NNN charges apply. Conveniently located near I-77, this property is easily accessible. The property is zoned I-1. Note that this property is also available for sale, with an additional building located at 806 Cook Avenue. The address is 1107 Melchoir Pl SW, Canton, OH 44707, and the APN is 245906.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1984
Construction BRICK
Total area 8,688 SF
Lot 0.17 ac (7,471 SF)
APN 02-45906
UPID US66-1605358

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1107 Melchoir Pl Sw Canton, OH 44707
Canton metro Census 701500 CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2019
2 recorded transactions
2019
$172,000
2018
$162,100

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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