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    Property profile & analytics

    238 6Th St North Canton, OH 44702

    • Office Properties & Spaces
    • 9,900 SF
    • 0.08 lot acres
    For Sale
    View listing
    $349,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1063452
    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

    • Office Properties & Spaces

    Property Details for 238 6Th St

    Year built
    1956
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    9,900 SF
    Property type
    Office Properties & Spaces
    APN
    02-26120
    APU
    226120

    Description

    This exceptional freestanding retail building, located at 238 6th St NE in Canton, Ohio, presents a compelling investment opportunity. Priced at $349,000, this 6,600 square foot property sits on a 0.326-acre lot and offers significant potential. Built in 1957, the two-story structure boasts a B-5 Central Business District zoning designation, allowing for diverse uses. Currently operating as a multi-tenant retail space with three month-to-month tenants, the property is 100% leased, providing immediate income potential. The building features ground floor retail storefronts and additional office/retail space on the second floor. An approximate 3,300 square foot basement offers further expansion possibilities. The property also includes two adjacent parcels used for ample parking, adding to its overall value. Its highly visible corner location at the intersection of 6th and Walnut Streets places it in close proximity to various amenities, including dining, shopping, and entertainment options. Utilities are separately metered, and annual property taxes are $7,433. This property is ideal for owner-users, investors, or redevelopment projects seeking a strong foothold in the vibrant downtown Canton market. The asking price of $52.88 per square foot reflects a strong value proposition in this desirable location.

    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
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.372
    Latitude
    40.8014
    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
    $5,858
    $7,460
    $63,460
    $70,920
    -
    $21,300
    $181,300
    $202,600

    Comparable in this City

    • Value Estimation
      $2,755,000
      52,754 SF

      301 Mckinley SW Ave

      OFFICE (GENERAL) • 52,754 SF
      301 Mckinley SW Ave, Canton, OH 44702-1736
      View Details
    • Value Estimation by Request
      6,270 SF

      900 Cleveland NW Ave

      OFFICE (GENERAL) • 6,270 SF
      900 Cleveland NW Ave, Canton, OH 44702-1812
      View Details
    • Value Estimation by Request
      7,040 SF

      122 Central N Plz

      OFFICE (GENERAL) • 7,040 SF
      122 Central N Plz, Canton, OH 44702-1448
      View Details
    • Value Estimation
      $1,075,000
      16,240 SF

      236 3rd SW St

      OFFICE (GENERAL) • 16,240 SF
      236 3rd SW St, Canton, OH 44702-1607
      View Details
    • Value Estimation
      $670,000
      56,400 SF

      237 Cleveland NW Ave

      OFFICE (GENERAL) • 56,400 SF
      237 Cleveland NW Ave, Canton, OH 44702
      View Details
    • Value Estimation by Request
      10,500 SF

      137 6th NE St

      OFFICE (GENERAL) • 10,500 SF
      137 6th NE St, Canton, OH 44702
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Downtown Canton Multi-Story Office Building

      Centrally located office building in revitalizing Downtown Canton with scenic views.
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      Downtown Canton Office Space Available

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      Court Ave NW Office Space

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    • $12 SF/Yr
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      Office Space with Utilities Included

      Office space with easy access and included utilities for rent.
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      View Details
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    238 6Th St
    North 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.

    More about this property
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