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    221 Cherry Ave NE Canton, OH 44702
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    Property profile & analytics

    221 Cherry Ave NE, Canton, OH 44702

    View on Map
    • Distribution centers
    • 25,480 SF
    • 0.93 lot acres
    For Lease
    $4,611/Mo
    View Listing →
    Canton Warehouse Space For Lease For Lease
    $4,611/Mo
    8,513 SF

    Canton Warehouse Space For Lease

    8,513 SF warehouse space available for lease in Canton.

    221 Cherry Avenue NE, Canton, OH 44702
    View Listing
    Property ID
    US66-0623990
    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

    • Distribution centers

    Property Details for 221 Cherry Ave NE

    Year built
    1948
    Construction
    BRICK
    Lot size
    0.93 lot acres
    Property type
    Distribution centers
    APN
    10-014904
    APU
    10014904

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 17, 2021 $170,000 Rjra Properties LLC Sara Realty Company Warranty Deed $170k · First Federal Community Bank NA

    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
    -81.3713
    Latitude
    40.7989
    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
    $5,490
    $10,190
    $60,240
    $70,430
    -
    $29,100
    $172,100
    $201,200

    Comparable in this City

    • Value Estimation
      $3,375,000
      102,042 SF

      314 Cherry SE Ave

      DISTRIBUTION WAREHOUSE
      314 Cherry SE Ave, Canton, OH 44702-1121
      View Details
    • Value Estimation
      $2,245,000
      33,485 SF

      208 Schroyer SW Ave

      DISTRIBUTION WAREHOUSE
      208 Schroyer SW Ave, Canton, OH 44702-2039
      View Details
    • Value Estimation by Request
      12,304 SF

      115 Schroyer SW Ave

      DISTRIBUTION WAREHOUSE
      115 Schroyer SW Ave, Canton, OH 44702
      View Details
    • Value Estimation by Request
      10,530 SF

      435 Walnut SE Ave

      DISTRIBUTION WAREHOUSE
      435 Walnut SE Ave, Canton, OH 44702-1348
      View Details
    • Value Estimation
      $1,055,000
      16,236 SF

      830 Cleveland SW Ave

      DISTRIBUTION WAREHOUSE
      830 Cleveland SW Ave, Canton, OH 44702-2174
      View Details
    • Value Estimation by Request
      44,580 SF

      606 3rd SE St

      DISTRIBUTION WAREHOUSE
      606 3rd SE St, Canton, OH 44702-1112
      View Details

    Similar Nearby for Sale

    • $695,000
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      Downtown Canton Warehouse Opportunity Zone

      Unique commercial/industrial warehouse in Downtown Canton's Opportunity Zone.
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    • $775,000
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      Former Chevrolet Dealership with Income

      Mixed-use commercial property with showroom, service bay, warehouse, and office.
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      61,000 SF

      61,000 SF Canton Warehouse

      Available October 2025, 61,000 SF warehouse near US-30/OH-43.
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      49,944 SF

      Former Chevy Dealership For Sale

      49,944 SF showroom, office, and warehouse space available.
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      83,400 SF

      Industrial Building with Railroad Access

      Three-story industrial building with dock doors and railroad access.
      732 Piedmont Ave SE, Canton, OH 44702
      View Details
    • Contact for pricing
      83,400 SF

      Industrial Building in Canton

      Three-story industrial building with dock doors and railroad access.
      732 Piedmont Ave SE, Canton, OH 44702
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    Similar Nearby for Lease

    • $4,611 /Mo
      40,511 SF

      Canton Warehouse Space For Lease

      8,513 SF warehouse space available for lease in Canton.
      221 Cherry Ave NE, Canton, OH 44702
      View Details
    • $5 SF/Yr

      Downtown Canton Climate-Controlled Warehouse

      Four-story warehouse in downtown Canton with loading docks and drive-in doors.
      606 2Nd St Southeast, Canton, OH 44702
      View Details
    • Contact for pricing
      8,513 SF

      Warehouse Space Available For Lease

      8,513 SF warehouse space with overhead door and parking.
      221 Cherry Ave Ne, Canton, OH 44702
      View Details
    • $12 SF/Yr

      Downtown Canton Multi-Story Office Building

      Centrally located office building in revitalizing Downtown Canton with scenic views.
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    • $13 SF/Yr

      Downtown Canton Retail/Office Space

      Desirable retail/office space in Downtown Canton overlooking Centennial Plaza.
      309 Court Ave NW, Canton, OH 44702
      View Details
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    Canton, OH 44702
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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.

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    221 Cherry Ave NE, Canton, OH, 44702
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