Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1501 Garfield Ave Canton, OH 44706
    Back to Search
    Property profile & analytics

    1501 Garfield Ave Canton, OH 44706

    View on Map
    • Commercial real estate
    • 0.13 lot acres
    Off-Market
    Property ID
    US66-2710972
    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

    • Commercial real estate

    Property Details for 1501 Garfield Ave

    Lot size
    0.13 lot acres
    Property type
    Commercial real estate
    APN
    205411

    Description

    This exceptional 0.129-acre lot presents a remarkable opportunity for residential or potential mixed-use development in Canton, Ohio. Located at 1501 Garfield Ave SW, this property boasts a desirable corner location offering convenient access to major roadways. Currently zoned R-1 residential, the parcel presents immediate possibilities for single-family home construction. However, the strategic location near areas recently rezoned B2 (Neighborhood Business) suggests potential for future development into a small business or accessory dwelling unit, such as a garage apartment. The land is already cleared, eliminating significant site preparation costs. The property's address is 1501 Garfield Ave SW, Canton, OH 44706, and its APN is 205411. This affordable lot offers a unique blend of residential tranquility and commercial potential, making it an attractive investment for both builders and entrepreneurs. The asking price is $5,000. Serious inquiries are encouraged to explore the full potential of this prime Canton real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3936839
    Latitude
    40.783301

    Comparable in this City

    • $115,000
      1,676 SF

      Canton Duplex Investment Opportunity

      Turnkey Canton duplex with one vacant unit.
      719 Prospect Ave SW, Canton, OH 44706
      View Details
    • $259,000
      2,002 SF

      Brick Ranch Duplex with Garages

      Canton duplex featuring garages, basements, and tenant-occupied units.
      5620 Nave St SW, Canton, OH 44706
      View Details
    • New
      $184,900
      1,464 SF

      Canton Duplex with Long-Term Tenants

      Side-by-side duplex in Perry Twp. with long-term tenants.
      5333 Charm St SW, Canton, OH 44706
      View Details
    • Contact for pricing

      Commercial Land Near I-77

      Located off I-77, suitable for fast food or retail.
      4025 Greentree Ave SW, Canton, OH 44706
      View Details
    • $237,200
      5 SF

      Vacant Industrial Land For Sale

      5.93 acres of vacant industrial land near Route 30.
      Venture Cir Southeast, Massillon, 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

    Similar Nearby for Sale

    • $259,000
      2,002 SF

      Brick Ranch Duplex with Garages

      Canton duplex featuring garages, basements, and tenant-occupied units.
      5620 Nave St SW, Canton, OH 44706
      View Details
    • New
      $184,900
      1,464 SF

      Canton Duplex with Long-Term Tenants

      Side-by-side duplex in Perry Twp. with long-term tenants.
      5333 Charm St SW, Canton, OH 44706
      View Details
    • $115,000
      1,676 SF

      Canton Duplex Investment Opportunity

      Turnkey Canton duplex with one vacant unit.
      719 Prospect Ave SW, Canton, OH 44706
      View Details
    • Contact for pricing

      Land Near Fairfield Inn

      Located off I-77, suitable for fast food or retail.
      4025 Greentree Ave SW, Canton, OH 44706
      View Details
    • $500,000

      Land Near I-77, Canton

      Development opportunity near I-77, perfect for assisted living.
      3049 Faircrest St SW, Canton, OH 44706
      View Details
    • Contact for pricing

      25+ Acres Corner Land

      Corner land parcel with acreage near I-77.
      2805 Faircrest St SW, Canton, OH 44706
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      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
    • Contact for pricing

      Canton Warehouse and Office Suites

      Multi-tenant warehouse and office suites available for lease.
      1502 12Th St SW, Canton, OH 44706
      View Details
    • $3 SF/Yr

      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
      47,277 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
      562,500 SF

      Industrial Space in Canton, Ohio

      562,500 SF industrial space available for lease.
      Faircrest St SW, Canton, OH 44706
      View Details
    • Contact for pricing

      Industrial Facility Near I-77

      Multitenant industrial facility with spaces available for lease.
      1411 Navarre Rd 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.
    1501 Garfield Ave
    Canton, OH 44706
    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

    Thank You for Inquiry
    1501 Garfield Ave, Canton, OH, 44706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!