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Property profile & analytics
OFF-MARKET
Estimated value
$36,485,000
Warehouses
2255 Phoenix SE Ave Massillon, OH 44646-9635
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-4736946
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
FRAME
Total area
702,000 SF
APN
10-010681A
UPID
US66-4736946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.31M
Comparable Approach
Comparable
$31.49M
Blend (final)
Blend
$36.49M
Owner & transaction history
Realty Income Us Core Plus 3 LP · 1 yrs held
Realty Income Us Core Plus 3 LP
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$60.2M
+109.5%
Commercial (general)
$58.2M
+102.6%
Apartment house (5+ units)
$55.1M
+91.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Massillon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massillon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,000,000
6.5%
$44,310,000
7%
$41,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$28,740,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$60,205,000
Change: +109% · Conversion: Moderate
COMMERCIAL (GENERAL)
$58,230,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$55,080,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$36.49M
Range $32.84M – $40.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$11,115,690
Assessed 2023
Assessed improvement
$11,115,690
Improvement market value
$31,759,100
Total market value
$31,759,100
Applied tax rate
60.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
1
Units
1
Total area
702,000 SF
APN
10-010681A
UPID
US66-4736946
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$28.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$60.2M
COMMERCIAL (GENERAL)
Est. value
$58.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$55.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Realty Income Us Core Plus 3 LP
Entity
Free & Clear · 1 yrs held
Mailing address
1370 AVE OF THE AMERICAS FL, NEW YORK, NY 10019-4602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
Realty Income Us Core Plus 3 LP
Terraza 7 LLC
Deed
—
Oct 10, 2024
—
Snackhouse Property LLC
Stark County Port Authority
Quitclaim Deed
related
—
Dec 12, 2019
$31,607,200
Snackhouse Property LLC
Geis At Massillon LLC
Grant Deed
$27,400,000 · Us Life Ins Co In The City/new
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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