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    1611 Allen SE Ave Canton, OH 44707-3769
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    1611 Allen SE Ave Canton, OH 44707-3769

    View on Map
    • Warehouses
    • 9,600 SF
    • 0.73 lot acres
    Off-Market
    Property ID
    US66-1039753
    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
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1611 Allen SE Ave

    Year built
    2000
    Construction
    BRICK
    Lot size
    0.73 lot acres
    Property size
    9,600 SF
    Property type
    Warehouses
    APN
    02-48068
    APU
    248068

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $617,000
      Market price range: $154k - $823k
      AI Estimate
      $558,000
      Market price range: $202k - $668k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $450,000
      Current use
      RETAIL STORES
      $830,000
      Change: +85% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $825,000
      Change: +84% Conversion: Moderate
      OFFICE BUILDING
      $780,000
      Change: +74% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $575,000
      Change: +29% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3797
    Latitude
    40.7812
    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
    $6,579
    $3,080
    $81,450
    $84,530
    -
    $8,800
    $232,700
    $241,500

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

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      Mckinley SW Ave, Canton, OH 44707
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    • Value Estimation
      $1,055,000
      70,796 SF

      720 2nd SE St

      WAREHOUSE, STORAGE • 70,796 SF
      720 2nd SE St, Canton, OH 44707
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    • Value Estimation by Request
      160 SF

      Oyer SE St

      MINI-WAREHOUSE, STORAGE • 160 SF
      Oyer SE St, Canton, OH 44707
      View Details
    • Value Estimation by Request
      6,000 SF

      1832 Kimball SE Rd

      WAREHOUSE, STORAGE • 6,000 SF
      1832 Kimball SE Rd, Canton, OH 44707-3618
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    • Value Estimation by Request
      2,880 SF

      1763 Cleveland SW Ave

      MINI-WAREHOUSE, STORAGE • 2,880 SF
      1763 Cleveland SW Ave, Canton, OH 44707
      View Details
    • Value Estimation by Request
      720 SF

      1225 Market S Ave

      WAREHOUSE, STORAGE • 720 SF
      1225 Market S Ave, Canton, OH 44707-3945
      View Details

    Similar Nearby for Sale

    • $249,000
      10,056 SF

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      Vacant multi-use property with office, warehouse, and bar spaces.
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      Multi-Use Property For Sale

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    • $399,000
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      Canton Commercial Property For Sale

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      Land For Sale

      Land available for sale.
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      6,139 SF

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      15-year NNN ground lease with Sheetz on 11.01-acre parcel.
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    Similar Nearby for Lease

    • $6,700 /Mo
      39,248 SF

      Updated Warehouse in Canton, OH

      Spacious, updated warehouse with loading dock and expansion potential.
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      Downtown Canton Warehouse with Crane

      Two-story warehouse space with crane in downtown Canton.
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    • $6 SF/Yr

      Canton Flex Space For Lease

      Flex space with office, restroom, and secure fenced lot.
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    • $5 SF/Yr

      Downtown Canton Warehouse with Crane

      Two-story warehouse space with crane, highway and rail access.
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      Corner Lot Commercial Land Available

      Two parcels of commercial land for rent on corner lot.
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    • Contact for pricing

      Flexible Office Spaces Available

      Move-in ready, furnished office spaces with utilities included.
      3013 Cleveland Ave SW, Canton, OH 44707
      View Details
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    1611 Allen SE Ave
    Canton, OH 44707-3769
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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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