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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1120 15th NE St Canton, OH 44705-1206

    • Grocery and convenience stores
    • 3,264 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2525496
    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

    • K & S / Convenience Store
    • Oxford Place / Apartment Building / Retirement Community

    Property Details for 1120 15th NE St

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.30 lot acres
    Property size
    3,264 SF
    Property type
    Grocery and convenience stores
    APN
    02-38702
    APU
    238702

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $180,000
      Market price range: $147k - $314k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $280,000
      Current use
      AUTO REPAIR, GARAGE
      $345,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $280,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $265,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3618
    Latitude
    40.8131
    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
    $1,914
    $4,480
    $20,090
    $24,570
    -
    $12,800
    $57,400
    $70,200

    Comparable in this City

    • Value Estimation
      $320,000
      2,196 SF

      1639 Maple NE Ave

      CONVENIENCE STORE • 2,196 SF
      1639 Maple NE Ave, Canton, OH 44705-1760
      View Details
    • Value Estimation
      $255,000
      2,214 SF

      2348 Columbus NE Rd

      CONVENIENCE STORE • 2,214 SF
      2348 Columbus NE Rd, Canton, OH 44705-2534
      View Details
    • Value Estimation
      $245,000
      238 SF

      3220 Atlantic NE Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 238 SF
      3220 Atlantic NE Blvd, Canton, OH 44705-3933
      View Details
    • Value Estimation
      $360,000
      4,092 SF

      3246 Mahoning NE Rd

      CONVENIENCE STORE • 4,092 SF
      3246 Mahoning NE Rd, Canton, OH 44705
      View Details
    • Value Estimation
      $220,000
      2,562 SF

      4235 Middlebranch NE Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 2,562 SF
      4235 Middlebranch NE Ave, Canton, OH 44705-2737
      View Details
    • Value Estimation by Request
      1,528 SF

      1901 Harrisburg NE Rd

      CONVENIENCE STORE • 1,528 SF
      1901 Harrisburg NE Rd, Canton, OH 44705-2127
      View Details

    Similar Nearby for Sale

    • $329,000
      0.69 Acres

      Turnkey Restaurant on State Route

      Commercial property with fully operational restaurant in high-traffic location.
      3020 Harrisburg Rd NE, Canton, OH 44705
      View Details
    • $2,550,000
      101,559 SF

      Redevelopment Opportunity on Atlantic Blvd

      101,000 SF retail/industrial building on 8.07 acres.
      3000 Atlantic Blvd NE, Canton, OH 44705
      View Details
    • $450,000
      0.36 Acres

      Canton Retail Opportunity For Sale

      Retail property with high visibility and easy access to major routes.
      2105 Columbus Rd NE, Canton, OH 44705
      View Details
    • $301,000

      Plain Township Land For Sale

      6.31 acres of land in Plain Township, zoned I-1.
      2807 Columbus Rd NE, Canton, OH 44705
      View Details
    • $275,000
      4,212 SF

      Office Building on Gross Avenue

      4,212 SF office building on 0.49 acre for sale.
      1225 Gross Ave NE, Canton, OH 44705
      View Details
    • $299,900
      9,024 SF

      Canton Warehouse: Huge Potential

      9,000 sq ft warehouse, 0.65 acres
      1905 23Rd St, Canton, OH 44705
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      362,855 SF

      Former Recreation Center For Lease

      Versatile Canton property suitable for fitness, daycare, or community programs.
      2600 25Th St NE, Canton, OH 44705
      View Details
    • $8 SF/Yr
      21,920 SF

      Canton Retail Space - Mahoning Rd NE

      Prime Canton retail space, flexible layouts available.
      2901 Mahoning Rd, Canton, OH 44705
      View Details
    • Contact for pricing
      7 SF

      Commercial Outlot Near Aldi

      0.75 acre commercial outlot for lease near Aldi.
      3801 Harmont Ave NE, Canton, OH 44705
      View Details
    • $500 /Mo
      9,024 SF

      Warehouse Suites Available For Lease

      Two warehouse suites available for lease, can be combined.
      1905 23Rd St NE, Canton, OH 44705
      View Details
    • $4 SF/Yr
      25,785 SF

      Warehouse and Office Space Available

      Warehouse and office space for lease with high visibility.
      2580 Atlantic Blvd Ne, Canton, OH 44705
      View Details
    • $1,980 /Mo
      22,362 SF

      Warehouse Space at Signalized Intersection

      8,000 SF warehouse space at a busy intersection.
      2110-2128 Columbus Rd, Canton, OH 44705
      View Details
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    1120 15th NE St
    Canton, OH 44705-1206
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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.

    More about this property
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