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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Flex space
240 6th NW St, Massillon, OH 44647-5413
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2060363
Property summary
AI-generated overview
This exceptional 10,000-square-foot warehouse space is available for lease within a larger 173,881-square-foot industrial building situated on a 13.43-acre lot in Massillon, Ohio. The property boasts a convenient location, just a quarter-mile from Route 21, offering excellent access to major transportation arteries. Built in 1918, the building is zoned I1 and features a 14-foot overhead door for easy loading and unloading. The property is fully fenced for enhanced security and includes four common covered loading docks, providing ample space for efficient material handling. This multi-tenant building offers a total of 173,881 square feet, with 10,000 square feet currently available for lease. The property's Stark County location and ample space make it ideal for a variety of industrial businesses. The property's APN is 602751. This is a rare opportunity to secure a well-maintained warehouse space in a desirable location with excellent access to transportation. The combination of size, location, and amenities makes this property a highly attractive option for businesses seeking efficient and secure warehouse operations. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
BRICK
Total area
10,090 SF
Lot
13.43 ac (585,011 SF)
APN
06-02751
UPID
US66-2060363
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
Current use
Occupant on record · Public records
-
Ring Masters Industrial Manufacturer Production Facility
-
Weston & Associates LLC Industrial Manufacturer Production Facility
-
M & T Metals General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$1.20M
Owner & transaction history
240 Industrial Park LLC · 5 yrs held
240 Industrial Park LLC
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+137.0%
Retail stores
$1.1M
+118.2%
Medical building
$920,000
+84.8%
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
$1,205,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,180,000
Change: +137% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +118% · Conversion: Moderate
MEDICAL BUILDING
$920,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.18M (May 14 2021)
Last sale anchor
$1.18M
May 14 2021
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
$118 / 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
Tax billed
$24,814
Tax year 2023
Assessed value
$411,260
Assessed 2023
Previous assessed
$411,260
+0.0% YoY
Effective rate
6.03%
On assessed value
Assessed land
$30,910
Assessed improvement
$380,350
Land market value
$88,300
Improvement market value
$1,086,700
Total market value
$1,175,000
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
20
Stories
1
Units
1
Bathrooms
4
Total area
10,090 SF
Lot
13.43 ac (585,011 SF)
APN
06-02751
UPID
US66-2060363
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
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$770,000
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1990
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
20
Units
1
Bathrooms
4
Lot
13.43 ac
Current owner
From public records · entity-resolved
240 Industrial Park LLC
Entity
Mailing address
13955 ELTON ST SW, NAVARRE, OH 44662-9663
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
$1,175,000
240 Industrial Park LLC
Ring Masters Realty LLC
Limited Warranty Deed
$1,175,983 · Farm Credit Mid America Flca
Sep 11, 2020
—
Ring Masters Realty LLC
—
Deed
related
$439,600 · The Huntington National Bank
Sep 16, 2004
$725,000
Ring Masters Realty LLC
Tinnerman Palnut Engineered
Grant Deed
related
$50,000 · Stark Dev Board Fin Corp
Feb 12, 2004
—
Tinnerman Palnut Engineered
—
Deed Of Trust
related
$71,000,000 · Antares Capital Corp
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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