Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    111 Tremont SW Ave Massillon, OH 44647-6578

    • Office Properties & Spaces
    • 12,258 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1217639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • St James AME Zion Church Life Center / Methodist Church
    • Greater Stark County Urban Lg / Social Services Organization

    Property Details for 111 Tremont SW Ave

    Year built
    1983
    Construction
    BRICK
    Lot size
    1.02 lot acres
    Property size
    12,258 SF
    Property type
    Office Properties & Spaces
    APN
    06-81332
    APU
    681332

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $685,000
      6.5%
      $630,000
      7%
      $585,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $935,000
      Current use
      RESTAURANT
      $1,435,000
      Change: +54% Conversion: Difficult
      RETAIL STORES
      $1,320,000
      Change: +41% Conversion: Easy
      MEDICAL BUILDING
      $1,120,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $960,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5235
    Latitude
    40.794
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10
    $12,460
    $178,500
    $190,960
    -
    $35,600
    $510,000
    $545,600

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      1955 Riverside NW Dr

      OFFICE (GENERAL) • 1,440 SF
      1955 Riverside NW Dr, Massillon, OH 44647-9300
      View Details
    • Value Estimation by Request
      2,688 SF

      39 Tremont SW Ave

      OFFICE (GENERAL) • 2,688 SF
      39 Tremont SW Ave, Massillon, OH 44647-6652
      View Details
    • Value Estimation
      $855,000
      17,264 SF

      39 Lincoln W Way

      OFFICE (GENERAL) • 17,264 SF
      39 Lincoln W Way, Massillon, OH 44647-6581
      View Details
    • Value Estimation by Request
      1,802 SF

      411 Oberlin SW Ave

      OFFICE (GENERAL) • 1,802 SF
      411 Oberlin SW Ave, Massillon, OH 44647-7826
      View Details
    • Value Estimation by Request
      1,836 SF

      2615 Lincoln NW Way

      OFFICE (GENERAL) • 1,836 SF
      2615 Lincoln NW Way, Massillon, OH 44647-5117
      View Details
    • Value Estimation by Request
      3,264 SF

      12856 Lincoln NW Way

      OFFICE (GENERAL) • 3,264 SF
      12856 Lincoln NW Way, Massillon, OH 44647-9636
      View Details

    Similar Nearby for Sale

    • $1,147,700

      Historic Downtown Massillon Investment Opportunity

      Historic building with income, development potential in Downtown Massillon.
      11 Lincoln Way W, Massillon, OH 44647
      View Details
    • $300,000
      3.95 Acres

      Massillon Commercial Land Opportunity

      3.95-acre development site, prime location
      0 Cherry Rd, Massillon, OH 44647
      View Details
    • Contact for pricing
      7,800 SF

      Massillon Commercial Building Auction

      8,000 sq ft, Multi-Use Potential
      619 Tremont Ave, Massillon, OH 44647
      View Details
    • $119,900
      1,926 SF

      Income-Producing Duplex in Massillon, OH

      Two-unit property with strong rental history and separate utilities.
      504 5Th St SW, Massillon, OH 44647
      View Details
    • $250,000
      0.07 Acres

      Commercial Building in Desirable Location

      Commercial building with storefront and open space in Massillon, OH.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • $175,000
      2,964 SF

      Retail Building Near Lincoln Way

      2,964 SF retail building for sale or lease.
      3150 Lincoln Way NW, Massillon, OH 44647
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      3,032 SF

      Prime Commercial Space Available

      Storefront and open space available for lease in Massillon.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • $9 SF/Yr
      5,500 SF

      Free Standing Brick Commercial Building

      5,500 sq.ft. commercial building for lease near Route 21.
      725 Main Ave W, Massillon, OH 44647
      View Details
    • $5 SF/Yr
      51,536 SF

      Massillon Retail Space For Lease

      Prime Retail Location, 2,500 SF Available
      2134 Lincoln Way, Massillon, OH 44647
      View Details
    • Contact for pricing
      9,583 SF

      Downtown Massillon Retail Opportunity

      Prime 0.22-Acre Commercial Lot
      129 Lincoln Way, Massillon, OH 44647
      View Details
    • Contact for pricing
      4,135 SF

      Massillon Retail Space for Lease

      Prime retail space, flexible layouts available.
      4090 Erie Ave, Massillon, OH 44647
      View Details
    • $9 SF/Yr
      5,500 SF

      Freestanding Retail Building on Main

      5,500 SF brick building with ample parking available for lease.
      725 Main Ave W, Massillon, OH 44647
      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.
    111 Tremont SW Ave
    Massillon, OH 44647-6578
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.