Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1117 Wertz NW Ave Canton, OH 44708-4081
    Property profile & analytics

    1117 Wertz NW Ave Canton, OH 44708-4081

    View on Map
    • Bars & Pubs
    • 3,000 SF
    • 0.35 lot acres
    Off-Market
    Last Sale May 3, 2024
    $225,000
    Property ID
    US66-6141117
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bars & Pubs

    Property Details for 1117 Wertz NW Ave

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.35 lot acres
    Property size
    3,000 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    10-014538
    APU
    10014538

    Description

    This turnkey restaurant opportunity in Canton, Ohio, presents a unique chance to acquire a thriving neighborhood bar. Located just one mile from the Pro Football Hall of Fame, this 3,327 square foot, single-story establishment sits on a 0.371-acre lot (APN 10014538) and is zoned B-3. The property, built in 1966, boasts a recently renovated interior featuring a large horseshoe bar seating 22, a newer 8-tap Perlick glycol draft system, a walk-in cooler, ice machine, stainless steel sinks and prep tables, six TVs with a 1000-watt professional sound system and six speakers. Additional features include a spacious seating area, dance floor, stage, four booths, a darts area, a sizeable kitchen, two handicap-accessible restrooms, and a private staff restroom. Custom built-in features include a drink ledge, large barback liquor shelving with LED lighting, and wrap-around framed mirrors. The bar's décor incorporates new and vintage signs and mirrors. A private fenced-in patio with a gazebo offers additional outdoor seating and entertainment space. Ample parking is available. Recent updates include a new gas furnace, water heater, electrical system, and backflow preventer. The sale includes D-1, D-2, D-3 liquor licenses and a food license. This fully equipped establishment is ideally positioned to capitalize on the 2024 Hall of Fame festivities. The asking price is $249,000.

    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
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4074
    Latitude
    40.8093
    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
    $3,901
    $13,480
    $36,650
    $50,130
    -
    $38,500
    $104,700
    $143,200

    Comparable in this City

    • Value Estimation by Request
      1,326 SF

      1801 Tuscarawas W St

      BAR, TAVERN • 1,326 SF
      1801 Tuscarawas W St, Canton, OH 44708-4990
      View Details
    • Value Estimation by Request
      2,664 SF

      3402 12th NW St

      BAR, TAVERN • 2,664 SF
      3402 12th NW St, Canton, OH 44708-3804
      View Details
    • Value Estimation by Request
      2,944 SF

      5029 Tuscarawas W St

      BAR, TAVERN • 2,944 SF
      5029 Tuscarawas W St, Canton, OH 44708-5013
      View Details
    • Value Estimation by Request
      722 SF

      903 Wertz NW Ave

      TAKE-OUT RESTAURANT • 722 SF
      903 Wertz NW Ave, Canton, OH 44708-4013
      View Details
    • Value Estimation by Request
      6,225 SF

      4905 Tuscarawas W St

      RESTAURANT • 6,225 SF
      4905 Tuscarawas W St, Canton, OH 44708-5011
      View Details
    • Value Estimation by Request
      2,880 SF

      3323 Pkwy NW St

      RESTAURANT • 2,880 SF
      3323 Pkwy NW St, Canton, OH 44708-3831
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,301 SF

      Retail Space Near Major Retailers

      Retail space with drive-thru and ample parking near retail hubs.
      3720 Tuscarawas St W, Canton, OH 44708
      View Details
    • $375,000
      5,584 SF

      Retail Space in Canton, OH

      Well-appointed retail/commercial space with outstanding visibility.
      1922 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      6,784 SF

      Established Canton Commercial Property For Sale

      Long-standing commercial property with retail or redevelopment potential.
      3724 12Th St NW Canton OHIO 44708, Canton, OH 44708
      View Details
    • $289,900
      2,880 SF

      Retail Building with Duplex Investment

      Retail building with renovated duplex in Canton's retail corridor.
      2241 Tuscarawas St W, Canton, OH 44708
      View Details
    • Contact for pricing
      4,500 SF

      Circle K Canton Investment Opportunity

      NNN leased Circle K on 1.14 acres for sale.
      3920 Tuscarawas St W, Canton, OH 44708
      View Details
    • $265,000
      0.48 Acres

      Versatile Commercial Property in Canton

      Well-maintained commercial property with live/work potential in high-traffic area.
      1850 Whipple Ave NW, Canton, OH 44708
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces in a well-located, grocery-anchored shopping center.
      2905 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      2,300 SF

      Canton Retail Key Bank Branch

      Retail Key Bank branch building available for sublease.
      2867 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in a well-located shopping center.
      4500 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in grocery-anchored shopping center.
      4500 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • Contact for pricing
      20,010 SF

      Retail Space Near Retail Corridor

      Retail space near major retail corridor with easy highway access.
      2859 Whipple Ave NW, Canton, OH 44708
      View Details
    • $10 SF/Yr
      1,200 SF

      Mellet Plaza Retail/Office Spaces

      Retail and office spaces for lease with easy highway access.
      3802 Tuscarawas St W, Canton, OH 44708
      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.
    1117 Wertz NW Ave
    Canton, OH 44708-4081
    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
    1117 Wertz NW Ave, Canton, OH, 44708
    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!