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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1640 Whipple NW Ave Canton, OH 44708-2835

    • Outlet malls
    • 31,934 SF
    • 4.71 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2023
    $2,100,000
    Value Estimations
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1093495
    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.

    Current Use by Public Records

    • Meyers Lake Ace / Hardware Store / Home Improvement Store
    • Down to Earth Waterfront / Construction Company

    Property Details for 1640 Whipple NW Ave

    Year built
    1976
    Construction
    BRICK
    Lot size
    4.71 lot acres
    Property size
    31,934 SF
    Property type
    Outlet malls
    APN
    14-01237
    APU
    1401237

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,340,000
      ML approach
      $2,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,503,000
      Market price range: $1.16M - $4.32M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,755,000
      Current use
      RESTAURANT
      $3,620,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,385,000
      Change: +23% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,740,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $2,590,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4239
    Latitude
    40.8166
    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
    $23,649
    $78,650
    $187,010
    $265,660
    -
    $224,700
    $534,300
    $759,000

    Comparable in this City

    • Value Estimation
      $320,000
      12,000 SF

      4764 Tuscarawas W St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      4764 Tuscarawas W St, Canton, OH 44708-5341
      View Details
    • Value Estimation
      $985,000
      223,950 SF

      4004 Tuscarawas W St

      WHOLESALE OUTLET, DISCOUNT STORE • 223,950 SF
      4004 Tuscarawas W St, Canton, OH 44708-5503
      View Details
    • Value Estimation
      $365,000
      4,800 SF

      3040 Tuscarawas W St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      3040 Tuscarawas W St, Canton, OH 44708-4167
      View Details
    • Value Estimation
      $485,000
      10,259 SF

      1901 Whipple NW Ave

      SHOPPING CENTER, STRIP CENTER • 10,259 SF
      1901 Whipple NW Ave, Canton, OH 44708-2840
      View Details
    • Value Estimation
      $1,590,000
      20,660 SF

      4975 Tuscarawas W St

      SHOPPING CENTER, STRIP CENTER • 20,660 SF
      4975 Tuscarawas W St, Canton, OH 44708-5011
      View Details
    • Value Estimation
      $415,000
      7,260 SF

      2234 Tuscarawas W St

      SHOPPING CENTER, STRIP CENTER • 7,260 SF
      2234 Tuscarawas W St, Canton, OH 44708-4748
      View Details

    Similar Nearby for Sale

    • $2,650,000
      11,301 SF

      Canton Retail Investment Opportunity

      Former Rite Aid, 11,301 SF, $2.65M
      3720 Tuscarawas St, Canton, OH 44708
      View Details
    • New
      $375,000
      1.25 Acres

      Retail Space in Canton, Ohio

      5,584 sq ft retail space with high visibility.
      1922 Whipple Ave NW, Canton, OH 44708
      View Details
    • New
      Contact for pricing
      Pending

      Commercial Property with Residential Features

      Commercial zoned property with a remodeled brick bungalow and garage.
      1933 Whipple Ave NW, Canton, OH 44708
      View Details
    • $299,900
      0.48 Acres

      Versatile Commercial Property in Canton

      Well-maintained commercial property with showroom, office, and live/work potential.
      1850 Whipple Ave NW, Canton, OH 44708
      View Details
    • $269,900
      0.24 Acres

      Commercial Building in Perry Township

      High-visibility commercial building with versatile space and ample parking.
      4933 Tuscarawas St W, Canton, OH 44708
      View Details
    • $169,000
      5.04 Acres

      Secluded Homesite Near Brookside Country Club

      5-acre homesite near Brookside Country Club offers privacy and convenience.
      Birkdale St NW, Canton, OH 44708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Canton Centre Mall Retail Space

      Retail space available in Canton Centre Mall, Canton, OH.
      4300 Tuscarawas St W, Canton, OH 44708
      View Details
    • Contact for pricing
      8,814 SF

      Grocery Anchored Shopping Center Space

      Retail space in a well-located, grocery-anchored shopping center.
      2905 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      7,134 SF

      Retail Space Near Super Walmart

      Retail space available in high-traffic Canton shopping center.
      4217-4257 Tuscarawas St W, Canton, OH 44708
      View Details
    • Contact for pricing
      21,444 SF

      Retail Space in Canton, OH

      Retail spaces available in established shopping center with ample parking.
      1536 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      8,814 SF

      Hillsdale Acme Plaza Retail Pad

      Prime Canton retail land, high visibility.
      2905 Whipple Ave, Monterey Heights, OH 44708
      View Details
    • Contact for pricing
      2,300 SF

      Former Bank Branch Available

      2,300 SF former bank branch with ample parking.
      2867 Whipple Ave NW, Canton, OH 44708
      View Details
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    Canton, OH 44708-2835
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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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