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

    116 Cleveland Ave Canton, OH 44702

    • Office Properties & Spaces
    • 19,800 SF
    • 0.15 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2271439
    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

    • The Rotary Foundation - Ohio District 6650 / Association Or Organization
    • Redinger & Morris LLP / Law Firm
    • Stark County Bar Association / Law Firm
    • Kisling, Nestico & Redick / Law Firm
    • Michael Boske, Attorney at Law / Law Firm

    Property Details for 116 Cleveland Ave

    Year built
    1957
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    19,800 SF
    Property type
    Office Properties & Spaces
    APN
    02-25673
    APU
    225673

    Description

    Located in the heart of Downtown Canton's central business district, Courtyard Centre offers exceptional office space within a revitalized area. This eight-story building provides a variety of office configurations, suitable for businesses of all sizes. Available spaces range from 510 to 1,372 contiguous square feet, with a total building area of 60,366 square feet. The building accommodates multiple tenants, offering a diverse and thriving professional community. Enjoy scenic views of the city from your office suite, and benefit from the building's convenient location, placing you within walking distance of local businesses, restaurants, and retailers, including the Stark County Courthouse. Courtyard Centre is easily accessible via I-77 and offers proximity to various parking options, including lots and decks. The building is ADA compliant. For businesses seeking incentives, Downtown Canton offers multiple job creation programs. Furthermore, the building's location within an innovation district provides access to a high-speed 100 Gbps broadband network. Attractive lease terms are available, with all utilities included. This well-maintained building boasts a strong mix of professional tenants, making it an ideal location for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3761
    Latitude
    40.7993
    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
    $5,900
    $8,300
    $63,110
    $71,410
    -
    $23,700
    $180,300
    $204,000

    Comparable in this City

    • Value Estimation by Request
      6,858 SF

      625 Cleveland NW Ave

      OFFICE (GENERAL) • 6,858 SF
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    • Value Estimation by Request
      12,370 SF

      201 9th NW St

      OFFICE (GENERAL) • 12,370 SF
      201 9th NW St, Canton, OH 44702
      View Details
    • Value Estimation
      $785,000
      65,268 SF

      202 2nd NE St

      OFFICE (GENERAL) • 65,268 SF
      202 2nd NE St, Canton, OH 44702-1221
      View Details
    • Value Estimation by Request

      117 Walnut Ave

      Office Properties & Spaces
      117 Walnut Ave, Canton, OH 44702
      View Details
    • Value Estimation
      $545,000
      14,015 SF

      217 Market N Ave

      OFFICE (GENERAL) • 14,015 SF
      217 Market N Ave, Canton, OH 44702-1417
      View Details
    • Value Estimation by Request
      9,900 SF

      309 Ct NW Ave

      OFFICE (GENERAL) • 9,900 SF
      309 Ct NW Ave, Canton, OH 44702-1531
      View Details

    Similar Nearby for Sale

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      Canton Brick Building For Sale

      6,156 SF brick building zoned for central business.
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      Canton Warehouse with Office Space

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    Similar Nearby for Lease

    • Contact for pricing
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      Canton Office Spaces Available

      Office spaces available for lease in Canton, Ohio.
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      View Details
    • $12 SF/Yr
      60,366 SF

      Downtown Canton Multi-Story Office Building

      Centrally located office building in revitalizing Downtown Canton with scenic views.
      116 Cleveland Ave NW, Canton, OH 44702
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      Downtown Canton Office Space Available

      Professional office space for lease in downtown Canton.
      400 3Rd St SE, Canton, OH 44702
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    • $13 SF/Yr
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      Downtown Canton Retail/Office Space

      Desirable retail/office space in Downtown Canton overlooking Centennial Plaza.
      309 Court Ave NW, Canton, OH 44702
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    • $13 SF/Yr
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      Court Ave NW Office Space

      Canton Office Suites: 3,300-6,600 SF
      309 Court Ave, Canton, OH 44702
      View Details
    • $16 SF/Yr
      1,692 SF

      Downtown Canton Class A Office

      Class A office space in downtown Canton's Millennium Centre.
      200 Market Ave N, Canton, OH 44702
      View Details
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    116 Cleveland Ave
    Canton, OH 44702
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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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