Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
1420 Lake Ave NE Massillon, OH 44646
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-3207116
For Lease
1 / 4
Contact for pricing
1420 Lake Ave NE, Massillon, OH 44646
View Listing →
Property summary
AI-generated overview
This 2,200 sq ft commercial property, located at 1420 Lake Ave NE in Massillon, Ohio (APN 614560|2), presents a unique opportunity. The single-story, Class B building, constructed in 1960, sits on a 0.609-acre lot and offers multiple suites within a former retail, office, and medical space. A recent facade renovation enhances curb appeal. The property boasts a prime location at the signaled intersection of Lake Avenue and Amherst Road, benefiting from high visibility and traffic flow. Existing nearby businesses include Marc's, Gionino's Pizza, China King, and Peace Love & Little Donuts, creating a vibrant commercial environment. The property's versatility allows for various uses, including redevelopment, making it an attractive investment for entrepreneurs and businesses seeking a strategic location in a thriving community. The property is zoned for retail and office use. The building has one story and is situated in Stark County, Ohio, zip code 44646. One space is currently available.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
FRAME
Total area
17,666 SF
Lot
2.81 ac (122,404 SF)
APN
06-14560
UPID
US66-3207116
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
1413 Amherst Road Associates LLC · 2 yrs held
1413 Amherst Road Associates LLC
since 2024
Last sale
$5.2M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Massillon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massillon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Jun 11 2024)
Last sale anchor
$5.20M
Jun 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$294 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,437
Tax year 2023
Assessed value
$123,210
Assessed 2023
Previous assessed
$123,210
+0.0% YoY
Effective rate
6.04%
On assessed value
Assessed land
$60,870
Assessed improvement
$62,340
Land market value
$173,900
Improvement market value
$178,100
Total market value
$352,000
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1960
Construction
FRAME
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
1
Bathrooms
15
Total area
17,666 SF
Lot
2.81 ac (122,404 SF)
APN
06-14560
UPID
US66-3207116
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
15
Lot
2.81 ac
Current owner
From public records · entity-resolved
1413 Amherst Road Associates LLC
Entity
Mailing address
9 RITTENHOUSE PL, ARDMORE, PA 19003-2209
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
$5,200,000
1413 Amherst Road Associates LLC
1409 Amherst Road LLC
Limited Warranty Deed
$5,020,000 · Mid Penn Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
