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

    1278 Park SW Ave Canton, OH 44706-1555

    • Parking lots & garages
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 21, 2025
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3957574
    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

    • Hammond Construction Inc / Construction Company

    Property Details for 1278 Park SW Ave

    Year built
    1919
    Lot size
    0.10 lot acres
    Property type
    Parking lots & garages
    APN
    02-35143
    APU
    235143

    Description

    This exceptional 22,960-square-foot industrial property, situated on a 1.38-acre lot in Canton, Ohio, presents a unique leasing opportunity. The single-story building, constructed in 1949, boasts a blend of warehouse and flex space, ideal for a variety of businesses. Recent improvements include a new roof (2020) and significant interior upgrades, enhancing both functionality and aesthetics. The property features one drive-in door for convenient loading and unloading. The updated office space is bright and inviting, featuring ample windows and glass sidelights. A fenced and graveled yard provides additional outdoor space. The property is zoned I1 & R1A and conveniently located near Route 30 and I-77, offering easy access to major transportation arteries. The property tax cost is $0.68 per square foot. The address is 1278 Park Ave SW, Canton, OH 44706. The APN numbers are 211584, 215781, 220504, 225593, 232735, and 235143. This versatile space is perfect for a business seeking a well-maintained and conveniently located industrial facility. The total building size is 22,960 square feet, with 22,497 square feet available for lease.

    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
    -81.3964
    Latitude
    40.7878
    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
    $108
    $1,050
    $320
    $1,370
    -
    $3,000
    $900
    $3,900

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Bryan SW Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.10 Acres
      Bryan SW Ave, Canton, OH 44706
      View Details
    • Value Estimation by Request
      0.08 Acres

      Clark Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      Clark Ave, Canton, OH 44706
      View Details
    • Value Estimation by Request
      0.15 Acres

      Dueber SW Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.15 Acres
      Dueber SW Ave, Canton, OH 44706
      View Details
    • Value Estimation by Request
      0.14 Acres

      816 Harrison SW Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.14 Acres
      816 Harrison SW Ave, Canton, OH 44706-1320
      View Details
    • Value Estimation by Request
      0.05 Acres

      9th SW St

      PARKING GARAGE, PARKING STRUCTURE • 0.05 Acres
      9th SW St, Canton, OH 44706
      View Details
    • Value Estimation by Request
      0.08 Acres

      1728 Navarre SW Rd

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      1728 Navarre SW Rd, Canton, OH 44706-1652
      View Details

    Similar Nearby for Sale

    • $38,000
      0.21 Acres

      Canton, OH Parking Lot

      Parking lot available in Perry Township, Canton, Ohio.
      Navarre Rd SW, Canton, OH 44706
      View Details
    • $39,900

      Commercial Lot with Redevelopment Potential

      0.64 acre asphalted lot with 61 parking spaces.
      Harrison Ave Sw, Canton, OH 44706
      View Details
    • $49,900
      0.26 Acres

      Canton Bar/Nightclub with Parking

      Bar/nightclub in Perry Township with on-site parking and open space.
      4520 Navarre Rd SW, Canton, OH 44706
      View Details
    • $229,000
      5,414 SF

      Former Bank Building in Canton

      Former bank building for sale with ample parking lot.
      1215 Greenfield Ave SW, Canton, OH 44706
      View Details
    • $1,105,000
      2,287 SF

      Taco Bell NNN Investment

      NNN Taco Bell with zero landlord responsibilities.
      2233 Faircrest St SW, Canton, OH 44706
      View Details
    • Contact for pricing
      0.21 Acres

      Canton Mobile Home Lot Investment

      Prime Canton location, 0.21-acre lot.
      SW Navarre Rd, Canton, OH 44706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      562,500 SF

      Industrial Space in Canton, Ohio

      562,500 SF industrial space available for lease.
      Faircrest St SW, Canton, OH 44706
      View Details
    • $4 SF/Yr
      200,000 SF

      Stark County Industrial Space

      Multiple suites, 15,312-83,052 SF
      1411 Navarre Rd, Canton, OH 44706
      View Details
    • Contact for pricing
      101,940 SF

      Industrial Space Near Major Routes

      101,940 SF industrial space with expansion potential.
      3021 Saratoga Ave SW, Canton, OH 44706
      View Details
    • $3 SF/Yr
      223,374 SF

      Canton Warehouse and Office Suites

      Multi-tenant warehouse and office suites available for lease.
      1502 12Th St SW, Canton, OH 44706
      View Details
    • $4 SF/Yr
      83,052 SF

      83,052 SF Industrial Space Available

      Industrial space with offices, docks, and overhead doors for lease.
      1411 Navarre Rd SW, Canton, OH 44706
      View Details
    • Contact for pricing
      30,000 SF

      Canton Township Build-to-Suit Land

      2.5 acres available for build-to-suit near I-77.
      Bruening Ave SW, Canton, OH 44706
      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.
    1278 Park SW Ave
    Canton, OH 44706-1555
    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.