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Property profile & analytics
OFF-MARKET
Estimated value
$15,645,000
Outlet malls
2406 Lincoln E Way Massillon, OH 44646-5000
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1344309
Property summary
AI-generated overview
Massillon Commons, a 51,618 square foot retail plaza in Massillon, Ohio, presents a prime leasing opportunity. This Class C property, built in 1986, comprises three single-story buildings situated on a 10.51-acre lot. The plaza offers multiple tenancy options, with spaces ranging from 1,476 to 8,758 contiguous square feet available. Located at 2406 Lincoln Way E, Massillon, OH 44646, the property benefits from a high-traffic location at a signalized intersection, boasting an impressive 17,300 AADT. Join established tenants including Home Depot, Dunham Sports, and Old Carolina in this thriving retail center. The property is zoned B3 and features ample signage opportunities. The minimum divisible space is 1,476 square feet. There are no elevators on the property.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
FRAME
Total area
116,000 SF
Lot
10.51 ac (457,816 SF)
APN
07-01286
UPID
US66-1344309
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
-
Home Services at The Home Depot General Contractor
-
The Home Depot Building Supply Hardware & Home Improvement
-
Garden Center at The Home Depot Garden Center
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.76M
Blend (final)
Blend
$15.65M
Owner & transaction history
Realty Income Properties 9 LLC · 10 yrs held
Realty Income Properties 9 LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+8.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$12,490,000
Current use
RESTAURANT
$13,565,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$10,580,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$15.65M
Range $14.08M – $17.21M · ±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
$135 / 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
$186,598
Tax year 2023
Assessed value
$3,614,170
Assessed 2023
Previous assessed
$3,614,170
+0.0% YoY
Effective rate
5.16%
On assessed value
Assessed land
$513,100
Assessed improvement
$3,101,070
Land market value
$1,466,000
Improvement market value
$8,860,200
Total market value
$10,326,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
2
Total area
116,000 SF
Lot
10.51 ac (457,816 SF)
APN
07-01286
UPID
US66-1344309
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
RETAIL STORES Current
Est. value
$12.5M
RESTAURANT
Est. value
$13.6M
MEDICAL BUILDING
Est. value
$10.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
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
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
2
Lot
10.51 ac
Current owner
From public records · entity-resolved
Realty Income Properties 9 LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2016
$9,588,100
Realty Income Properties 9 LLC
Pwrei Massillon LLC
Grant Deed
—
May 26, 2016
—
Pwrei Massillon LLC
—
Deed
related
$15,000,000 · Wells Fargo Bank NA
Aug 27, 2015
—
Pwrei Massillon LLC
Pwrei Massillon LLC
Quit Claim Deed
related
—
Jun 10, 2015
$125,200
Pwrei Massillon LLC
Inland Western Massillon Villa
Grant Deed
—
May 27, 2005
$18,411,500
Inland Western Massillon Village Ll
Starwood Wasserman Massillon LLC
Special Warranty Deed
$10,126,300 · Bank Of America NA
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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