Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    207 Erie N St Massillon, OH 44646-8449

    • Flex space
    • 10,359 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Sep 21, 2021
    $125,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1072058
    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

    • Hartman-Independent Co / Hardware Store

    Property Details for 207 Erie N St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    10,359 SF
    Property type
    Flex space
    APN
    06-17023
    APU
    617023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5242
    Latitude
    40.7981
    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
    $2,220
    $3,850
    $33,220
    $37,070
    -
    $11,000
    $94,900
    $105,900

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      218 Pennberthy NE Pl

      LIGHT INDUSTRIAL • 1,800 SF
      218 Pennberthy NE Pl, Massillon, OH 44646-8466
      View Details
    • Value Estimation
      $1,990,000
      0.48 Acres

      1845 Harsh SE Ave

      LIGHT INDUSTRIAL • 0.48 Acres
      1845 Harsh SE Ave, Massillon, OH 44646-7123
      View Details
    • Value Estimation by Request
      5,148 SF

      107 Walnut SE Rd

      LIGHT INDUSTRIAL • 5,148 SF
      107 Walnut SE Rd, Massillon, OH 44646-7934
      View Details
    • Value Estimation
      $630,000
      11,880 SF

      8225 Navarre SW Rd

      LIGHT INDUSTRIAL • 11,880 SF
      8225 Navarre SW Rd, Massillon, OH 44646-8813
      View Details
    • Value Estimation by Request
      5,976 SF

      150 23rd SE St

      LIGHT INDUSTRIAL • 5,976 SF
      150 23rd SE St, Massillon, OH 44646-7046
      View Details
    • Value Estimation by Request
      4,118 SF

      640 Erie N St

      LIGHT INDUSTRIAL • 4,118 SF
      640 Erie N St, Massillon, OH 44646-4675
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38.00 Acres

      Massillon Industrial Land for Sale

      38 Acres, Prime Industrial Location
      0 Industrial Park, Massillon, OH 44646
      View Details
    • $1,999,000
      105,716 SF

      Massillon Industrial Facility with Cranes

      105,716 SF industrial building on 9.8 acres.
      1845 Harsh Ave Se, Massillon, OH 44646
      View Details
    • $272,000
      6.80 Acres

      Massillon Industrial Land - $272K

      Prime Ohio industrial land, two lots available.
      1890 Venture Cir, Massillon, OH 44646
      View Details
    • $428,000
      6.80 Acres

      Prime Industrial Land in Canton, OH

      6.8-10.7 Acres, $428,000
      2780 Richville Dr, Massillon, OH 44646
      View Details
    • $850,000
      2.00 Acres

      Massillon Industrial Land Investment

      Prime Ohio industrial land, rail access possible.
      0 Sterilite St, Massillon, OH 44646
      View Details
    • $272,000
      6.80 Acres

      Iron Eagle Executive Office Suite

      Modern Boise Executive Office Space
      0 Venture Cir, Massillon, OH 44646
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      8,854 SF

      Massillon Distribution Center with Space

      Distribution center with office and retail space for lease.
      280 Federal Ave NW, Massillon, OH 44646
      View Details
    • $2,450 /Mo
      315,810 SF

      Massillon Commercial Property with Office/Warehouse

      Spacious commercial property with office and warehouse space for rent.
      201 Wetmore Ave SE, Massillon, OH 44646
      View Details
    • $5 SF/Yr
      2,500 SF

      Retail or Warehouse Space Available

      2,500 SF space in high-traffic shopping center.
      2134 Lincoln Way Nw, Massillon, OH 44646
      View Details
    • Contact for pricing

      Warehouse with 32' Clear Height

      Warehouse for rent featuring 32' clear height and ample parking.
      Massillon, OH 44646
      View Details
    • Contact for pricing
      79,279 SF

      Lincoln Way East Retail Land

      Prime 1.82-acre retail site; high visibility
      2207 Lincoln Way, Massillon, OH 44646
      View Details
    • $5 SF/Yr
      4,033 SF

      Retail Space in Massillon Commons

      Retail space available for lease in high-traffic Massillon location.
      2466 Lincoln Way E, Massillon, OH 44646
      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.
    207 Erie N St
    Massillon, OH 44646-8449
    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

    Google sign-in failed. Please try again or use another login method.