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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2603 Cleveland SW Ave Canton, OH 44707-3645

    • Retail space
    • 6,845 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1109159
    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

    • Advance Auto Parts / Auto Parts Store / Car Accessories Store
    • UPS Access Point location / Mailing Service / Shipping Service

    Property Details for 2603 Cleveland SW Ave

    Year built
    2007
    Construction
    BRICK
    Lot size
    1.12 lot acres
    Property size
    6,845 SF
    Property type
    Retail space
    APN
    02-47967
    APU
    247967

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $926,000
      Market price range: $249k - $926k
      AI Estimate
      $708,000
      Market price range: $278k - $708k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $590,000
      Current use
      RESTAURANT
      $775,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $725,000
      Change: +23% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $555,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3857
    Latitude
    40.7693
    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
    $40,095
    $20,230
    $495,710
    $515,940
    -
    $57,800
    $1,416,300
    $1,474,100

    Comparable in this City

    • Value Estimation
      $595,000
      8,100 SF

      2815 Cleveland S Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,100 SF
      2815 Cleveland S Ave, Canton, OH 44707-3621
      View Details
    • Value Estimation by Request
      2,610 SF

      4499 Cleveland S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,610 SF
      4499 Cleveland S Ave, Canton, OH 44707-1144
      View Details
    • Value Estimation
      $5,130,000
      10,886 SF

      4042 Cleveland S Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,886 SF
      4042 Cleveland S Ave, Canton, OH 44707-1334
      View Details
    • Value Estimation by Request
      10,292 SF

      1330 Tuscarawas E St

      RETAIL STORES (PERSONAL SERVICES) • 10,292 SF
      1330 Tuscarawas E St, Canton, OH 44707-3165
      View Details
    • Value Estimation by Request
      2,384 SF

      805 Mckinley SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,384 SF
      805 Mckinley SW Ave, Canton, OH 44707-4730
      View Details
    • Value Estimation by Request
      2,101 SF

      4321 Cleveland S Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,101 SF
      4321 Cleveland S Ave, Canton, OH 44707-1142
      View Details

    Similar Nearby for Sale

    • $209,900
      4,602 SF

      Canton Mixed-Use Investment Opportunity

      Updated Retail & Apartment Building
      2627 Waynesburg Dr, Canton, OH 44707
      View Details
    • $98,000
      1,408 SF

      901 Market Ave S

      Individual retail properties • 1,408 SF
      901 Market Ave, Canton, OH 44707
      View Details
    • $249,000
      10,056 SF

      Mixed-Use Property with Redevelopment Potential

      Vacant multi-use property with office, warehouse, and bar spaces.
      407 High Ave SW, Canton, OH 44707
      View Details
    • $160,000
      0.16 Acres

      Canton Retail Investment Opportunity

      Turnkey Mixed-Use Property - High ROI Potential
      1425 Tuscarawas St, Canton, OH 44707
      View Details
    • $174,900
      4,602 SF

      Updated Mixed-Use Building For Sale

      Mixed-use building with updated retail and office spaces.
      2627 Waynesburg Dr SE, Canton, OH 44707
      View Details
    • $449,900
      3,430 SF

      Canton Bar & Restaurant for Sale

      Thriving business, fully remodeled.
      2521 Waynesburg Dr, Canton, OH 44707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,433 SF

      Southgate Commons: Canton Office Space

      Prime Canton location, diverse office suites.
      3001 Cleveland Ave, Canton, OH 44707
      View Details
    • $12 SF/Yr
      2,264 SF

      Retail Unit For Lease

      2264 sq ft multi-use retail unit available for lease.
      4403 Cleveland Ave Nw, Canton, OH 44707
      View Details
    • $17 SF/Yr
      11,157 SF

      Former Rite Aid Available

      Freestanding retail building in a high-traffic location.
      4042 Cleveland Ave S, Canton, OH 44707
      View Details
    • Contact for pricing
      3,603 SF

      Canton Retail Space - High Visibility

      High-traffic location, 1,591 sq ft available.
      2929 Cleveland Ave, Canton, OH 44707
      View Details
    • $6,500 /Mo

      Corner Lot Commercial Land Available

      Two parcels of commercial land for rent on corner lot.
      1900-1914 Tuscarawas St W, Canton, OH 44707
      View Details
    • $6 SF/Yr
      12,000 SF

      Canton Flex Space For Lease

      Flex space with office, restroom, and secure fenced lot.
      1900 Cleveland Ave Southwest, Canton, OH 44707
      View Details
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    Canton, OH 44707-3645
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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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