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    1289 Edison St NW Hartville, OH 44632
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    1289 Edison St NW Hartville, OH 44632

    View on Map
    • Outlet malls
    • 103,645 SF
    • 29.83 lot acres
    For Lease
    $2,400 /Mo
    View Listing →
    Hartville Marketplace Retail Suites Available For Lease
    $2,400 /Mo
    103,645 SF

    Hartville Marketplace Retail Suites Available

    Retail suites available in high-traffic Hartville Marketplace & Flea Market.

    1289 Edison St NW, Hartville, OH 44632
    View Listing
    Property ID
    US66-2792198
    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

    • My Grafix / (Bike/Boat/Book/etc) Store / Printing Service
    • Aida's Bakery / Bakery / Specialty Food Shop
    • Super Shape Brows / Hair Salon / Nail Salon
    • Chosen Hair Studio / Hair Salon
    • Stefans Pro Teeth Whitening / Dental Office

    Property Details for 1289 Edison St NW

    Year built
    2002
    Construction
    FRAME
    Lot size
    29.83 lot acres
    Property size
    103,645 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    10-000817
    APU
    10000817

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,664,000
      Market price range: $2.69M - $8.92M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $8,890,000
      APARTMENT HOUSE (5+ UNITS)
      $8,130,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartville
    County
    Stark
    State
    Ohio
    Longitude
    -81.3607
    Latitude
    40.9754
    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
    $169,532
    $213,820
    $2,181,620
    $2,395,440
    -
    $610,900
    $6,233,200
    $6,844,100

    Comparable in this City

    • Value Estimation
      $4,325,000
      32,607 SF

      Maple W St

      WHOLESALE OUTLET, DISCOUNT STORE • 32,607 SF
      Maple W St, Hartville, OH 44632
      View Details
    • Value Estimation
      $10,595,000
      226,012 SF

      1315 Edison NW St

      WHOLESALE OUTLET, DISCOUNT STORE • 226,012 SF
      1315 Edison NW St, Hartville, OH 44632-9046
      View Details
    • Value Estimation
      $2,350,000
      31,890 SF

      240 Kent NW Ave

      SHOPPING CENTER, STRIP CENTER • 31,890 SF
      240 Kent NW Ave, Hartville, OH 44632
      View Details
    • Value Estimation by Request
      0.10 Acres

      Cree SW Cir

      PARKING GARAGE, PARKING STRUCTURE • 0.10 Acres
      Cree SW Cir, Hartville, OH 44632
      View Details
    • Value Estimation by Request
      3,030 SF

      115 Kent NE Ave

      AUTO REPAIR, GARAGE • 3,030 SF
      115 Kent NE Ave, Hartville, OH 44632-9694
      View Details
    • Value Estimation by Request
      2,520 SF

      14768 Ravenna NE Ave

      PARKING GARAGE, PARKING STRUCTURE • 2,520 SF
      14768 Ravenna NE Ave, Hartville, OH 44632-9340
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hartville Flex Building with Bays

      3,800 SF flex building with showroom and warehouse bays.
      1206 W Maple St, Hartville, OH 44632
      View Details
    • $300,000

      Retail/Office Land in Hartville

      0.78 acre retail/office land for sale in Hartville.
      1173 W Maple St, Hartville, OH 44632
      View Details
    • Contact for pricing

      Hartville Development Ground For Sale

      Development ground for sale in Hartville, Ohio.
      650 S Prospect Ave, Hartville, OH 44632
      View Details
    • $300,000

      Retail/Office Land in Hartville

      0.78 acre retail/office land in a high-traffic area.
      1173 W Maple St, Hartville, OH 44632
      View Details
    • Contact for pricing

      Land Near Hartville Marketplace

      Commercial land near high-traffic Hartville Marketplace.
      811 Edison St NW, Hartville, OH 44632
      View Details
    • $550,000

      Hartville Commercial Land For Sale

      1.18 acre commercial land on busy Maple St corridor.
      805 W Maple St, Hartville, OH 44632
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      103,645 SF

      Hartville Marketplace Retail Suites Available

      Retail suites available in high-traffic Hartville Marketplace & Flea Market.
      1289 Edison St NW, Hartville, OH 44632
      View Details
    • $2,400 /Mo

      Hartville Marketplace Retail Suites

      Retail suites available within the iconic Hartville Marketplace & Flea Market.
      1289 Edison St NW, Hartville, OH 44632
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Hartville Center

      Retail space available in Hartville's primary retail corridor.
      839-847 W Maple St, Hartville, OH 44632
      View Details
    • Contact for pricing

      Retail Space in Hartville Center

      Retail space available in a busy Hartville shopping center.
      808 W Maple St, Hartville, OH 44632
      View Details
    • Contact for pricing

      Retail Space in Hartville Centre

      Retail and office spaces for lease in Canton metro area.
      855-907 West Maple St, Hartville, OH 44632
      View Details
    • $8 SF/Yr
      9,260 SF

      Industrial Warehouses on Ravenna Avenue

      Multiple warehouse and office spaces available for lease.
      12495 Ravenna Ave NE, Hartville, OH 44632
      View Details
    View Listing
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    1289 Edison St NW
    Hartville, OH 44632
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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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