Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2550 University SE Dr Massillon, OH 44646-7414

    • Assisted living facilities
    • 87,870 SF
    • 7.62 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4519563
    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

    • Danbury Massillon / Nursing Home / Retirement Community

    Property Details for 2550 University SE Dr

    Year built
    1998
    Construction
    BRICK
    Lot size
    7.62 lot acres
    Property size
    87,870 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    10-005774
    APU
    10005774

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,553,000
      Market price range: $1.55M - $5.73M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.4911
    Latitude
    40.7679
    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
    $81,263
    $48,510
    $1,526,490
    $1,575,000
    -
    $138,600
    $4,361,400
    $4,500,000

    Comparable in this City

    • Value Estimation
      $800,000
      3,630 SF

      1608 Frst SE Ave

      HOMES (RETIRED, NURSING) • 3,630 SF
      1608 Frst SE Ave, Massillon, OH 44646-8330
      View Details
    • Value Estimation by Request
      3,000 SF

      1865 Tremont SE Ave

      HOMES (RETIRED, NURSING) • 3,000 SF
      1865 Tremont SE Ave, Massillon, OH 44646-6940
      View Details
    • Value Estimation by Request
      0.30 Acres

      Avis NW Ave

      HOMES (RETIRED, NURSING) • 0.30 Acres
      Avis NW Ave, Massillon, OH 44646
      View Details
    • Value Estimation
      $4,945,000
      32,706 SF

      300 23rd NE St

      HOMES (RETIRED, NURSING) • 32,706 SF
      300 23rd NE St, Massillon, OH 44646-4988
      View Details
    • Value Estimation
      $880,000
      54,223 SF

      2650 Ohio State SE Dr

      HOMES (RETIRED, NURSING) • 54,223 SF
      2650 Ohio State SE Dr, Massillon, OH 44646-9656
      View Details
    • Value Estimation by Request
      18.13 Acres

      5425 High Ml NW Ave

      HOMES (RETIRED, NURSING) • 18.13 Acres
      5425 High Ml NW Ave, Massillon, OH 44646-9005
      View Details

    Similar Nearby for Sale

    • $585,000
      9,031 SF

      Medical Office Building Near Hospital

      Medical office building adjacent to Massillon Community Hospital.
      804 Amherst Rd NE, Massillon, OH 44646
      View Details
    • $425,000

      Move-in Ready Medical Office Building

      Well-maintained medical office, formerly animal clinic, with equipment included.
      1107 Lincoln Way E, Massillon, OH 44646
      View Details
    • Contact for pricing
      38.00 Acres

      Massillon Industrial Land for Sale

      38 Acres, Prime Industrial Location
      0 Industrial Park, Massillon, OH 44646
      View Details
    • $156,000
      0.33 Acres

      Residential Lot in Jackson Twp

      Custom lot in Julian Farm, Jackson Township, Massillon, OH.
      3451 Joyce Ave NW, Massillon, OH 44646
      View Details
    • $156,000
      0.33 Acres

      Residential Lot in Jackson Township

      Custom lot in Julian Farm, Jackson Township, Massillon, Ohio.
      3543 Marys Way Ave NW, Massillon, OH 44646
      View Details
    • $156,000
      0.33 Acres

      Residential Lot in Jackson Township

      Custom lot in Julian Farm, Jackson Township, Massillon, Ohio.
      3559 Marys Way Ave NW, Massillon, OH 44646
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,607 SF

      Massillon Retail Center: Prime Space

      High-traffic retail space, Massillon, OH. Brand new, flexible floorplans.
      1145 Lincoln Way, Massillon, OH 44646
      View Details
    • Contact for pricing
      79,279 SF

      Lincoln Way East Retail Land

      Prime 1.82-acre retail site; high visibility
      2207 Lincoln Way, Massillon, OH 44646
      View Details
    • $5 SF/Yr
      4,033 SF

      Retail Space in Massillon Commons

      Retail space available for lease in high-traffic Massillon location.
      2466 Lincoln Way E, Massillon, OH 44646
      View Details
    • $8 SF/Yr
      3,000 SF

      Retail Space in Central Location

      Retail space with ample parking on corner lot for rent.
      2040 Wales Ave NW, Massillon, OH 44646
      View Details
    • $9 SF/Yr
      18,386 SF

      Massillon Executive Office Suites

      Prime Office Space Available in Massillon, OH
      7981-8003 Hl & Dales, Massillon, OH 44646
      View Details
    • Contact for pricing
      2,412 SF

      Retail Space on Lake Avenue

      Retail space available at signaled corner of Lake Avenue.
      1409-1535 Amherst Rd NE, Massillon, OH 44646
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2550 University SE Dr
    Massillon, OH 44646-7414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.