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    1400 Grace NE Ave Canton, OH 44705-2035
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    1400 Grace NE Ave Canton, OH 44705-2035

    View on Map
    • Manufacturing properties
    • 107,272 SF
    • 14.97 lot acres
    Off-Market
    Property ID
    US66-2765906
    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
    $2,575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United Rolls Inc / Industrial Manufacturer / Production Facility

    Property Details for 1400 Grace NE Ave

    Year built
    1907
    Construction
    FRAME
    Lot size
    14.97 lot acres
    Property size
    107,272 SF
    Property type
    Manufacturing properties
    APN
    10-001713
    APU
    10001713

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,722,000
      Market price range: $1.72M - $5.30M
      AI Estimate
      $2,319,000
      Market price range: $2.32M - $6.68M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,095,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3388
    Latitude
    40.8103
    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
    $25,198
    $20,370
    $302,230
    $322,600
    -
    $58,200
    $863,500
    $921,700

    Comparable in this City

    • Value Estimation by Request
      4.05 Acres

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    • Value Estimation
      $865,000
      18,640 SF

      3850 Mahoning NE Rd

      ASSEMBLY (LIGHT INDUSTRIAL) • 18,640 SF
      3850 Mahoning NE Rd, Canton, OH 44705-4670
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    • Value Estimation
      $4,405,000
      3.59 Acres

      Ctr NE Dr

      ASSEMBLY (LIGHT INDUSTRIAL) • 3.59 Acres
      Ctr NE Dr, Canton, OH 44705
      View Details
    • Value Estimation by Request
      12,424 SF

      1906 26th NE St

      MANUFACTURING (LIGHT) • 12,424 SF
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    • Value Estimation by Request
      9,054 SF

      2815 34th NE St

      MANUFACTURING (LIGHT) • 9,054 SF
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    • Value Estimation by Request
      10,344 SF

      1911 36th NE St

      MANUFACTURING (LIGHT) • 10,344 SF
      1911 36th NE St, Canton, OH 44705-5068
      View Details

    Similar Nearby for Sale

    • $2,500,000
      39,000 SF

      Canton Warehouse and Manufacturing Facility

      Warehouse and manufacturing facility in a thriving industrial Canton location.
      3620 Progress St NE, Canton, OH 44705
      View Details
    • $175,000
      3,700 SF

      700 sf office building. Office area has 10 offices

      a conference room and a storage room. Property is mostly fenced in.\r\n \r\n """"}"""
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    • $985,000

      Canton Industrial Property with Warehouses

      Industrial property featuring multiple buildings and warehouses for sale.
      1826-17th 17Th St NE, Canton, OH 44705
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    • $325,000

      Warehouse/Office with Fenced Storage

      4,600 SF warehouse/office with fenced exterior storage for sale.
      3110 Columbus Rd NE, Canton, OH 44705
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    • $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
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    • Contact for pricing
      0.10 Acres

      Canton, OH Land For Sale

      Land for sale in Canton, Ohio with existing structure.
      Irwin Pl NE, Canton, OH 44705
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Warehouse and Restaurant Space Available

      Warehouse units and restaurant space for lease near Walmart.
      3000 Atlantic Blvd 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
    • $4,500 /Mo

      Warehouse Space at Signalized Intersection

      8,000 SF warehouse space at a busy intersection.
      2110-2128 Columbus Rd, Canton, OH 44705
      View Details
    • Contact for pricing

      0.75 Acre Out Parcel

      0.75 acre parcel near Route 62 and Harmont Ave.
      3715 Harmont Ave NE, Canton, OH 44705
      View Details
    • Contact for pricing

      Commercial Property Auction Opportunity

      Multi-parcel auction for investors or future business owners.
      3912 Mahoning Rd NE, Canton, OH 44705
      View Details
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    1400 Grace NE Ave
    Canton, OH 44705-2035
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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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