Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    280 Federal Ave Northwest Massillon, OH 44647
    Back to Search
    Property profile & analytics

    280 Federal Ave Northwest, Massillon, OH 44647

    View on Map
    • Community centers
    • 60,000 SF
    • 1.07 lot acres
    For Lease
    $5,000/Mo
    View Listing →
    Massillon Distribution Center with Retail For Lease
    $5,000/Mo
    30,000 SF

    Massillon Distribution Center with Retail

    Distribution center with office and retail space in downtown Massillon.

    280 Federal Avenue Northwest, Massillon, OH 44647
    View Listing
    Property ID
    US66-1882063
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elum Music Co / Big Box & Wholesale Store
    • ARRAY, Inc. / Home Health Care Service

    Property Details for 280 Federal Ave Northwest

    Year built
    1955
    Construction
    BRICK
    Lot size
    1.07 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    06-15712
    APU
    615712

    Description

    This exceptional industrial property, located in the heart of downtown Massillon, offers a unique opportunity for businesses seeking a strategic location and versatile space. The single-story building sits on a 2.009-acre lot and features a total of 8,854 square feet of available space, ideal for distribution, warehousing, office, or retail uses. The property boasts unbeatable access to Route 21 and Lincoln Way, providing easy access to the greater Stark County area. Currently, there is 13,882 square feet of warehouse space available for lease at $2.95 per square foot, including three overhead doors. Additionally, 9,337 square feet of mezzanine space is available at $2.95 per square foot, and 11,233 square feet of dry basement storage is available for lease at $1.00 per square foot. The property's APN is 615712, 618139, and 619357, and it is situated in Stark County. This property presents a compelling investment opportunity with its prime location and flexible space options. Contact us today to learn more about this exceptional property and schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,335,000
      Market price range: $1.34M - $2.94M

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

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5272
    Latitude
    40.7972
    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
    $15,024
    $25,900
    $224,770
    $250,670
    -
    $74,000
    $642,200
    $716,200

    Comparable in this City

    • Value Estimation
      $3,375,000
      51,859 SF

      2134 Lincoln NW Way

      MINI-MALL
      2134 Lincoln NW Way, Massillon, OH 44647-6142
      View Details
    • Value Estimation
      $1,505,000
      48,236 SF

      202 Federal NW Ave

      MINI-MALL
      202 Federal NW Ave, Massillon, OH 44647-5469
      View Details
    • Value Estimation
      $3,360,000
      7,500 SF

      23rd NW St

      MINI-MALL
      23rd NW St, Massillon, OH 44647
      View Details
    • Value Estimation
      $3,430,000
      0.14 Acres

      23rd NW St

      MINI-MALL
      23rd NW St, Massillon, OH 44647
      View Details
    • Value Estimation by Request
      0.07 Acres

      Schrock SW Pl

      PARKING GARAGE, PARKING STRUCTURE
      Schrock SW Pl, Massillon, OH 44647
      View Details
    • Value Estimation by Request
      2,400 SF

      1007 Duncan SW St

      AUTO REPAIR, GARAGE
      1007 Duncan SW St, Massillon, OH 44647-7827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,232 SF

      Downtown Multi-Use Commercial Building

      Multi-use commercial building in a desirable downtown location.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • Contact for pricing

      Historic Mixed-Use Building in Massillon

      Prime downtown location with income and development potential.
      11 Lincoln Way W, Massillon, OH 44647
      View Details
    • Contact for pricing
      4,200 SF

      Massillon Multi-Use Commercial Building

      Multi-use commercial building in downtown Massillon, suitable for owner-occupant.
      137 Federal Ave NW, Massillon, OH 44647
      View Details
    • Contact for pricing
      2,829 SF

      Massillon Commercial Property with Redevelopment Potential

      Nearly 3,000 SF commercial property with flexible layout.
      209 17Th St SW, Massillon, OH 44647
      View Details
    • Contact for pricing
      5,500 SF

      Free Standing Brick Commercial Building

      5,500 sqft brick building for sale or lease.
      725 w Main Ave, Massillon, OH 44647
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Retail/Automotive Space for Lease

      4135 SF retail/automotive space with business possibilities.
      4090 Erie Ave NW, Massillon, OH 44647
      View Details
    • $5,000 /Mo
      30,000 SF

      Massillon Distribution Center with Retail

      Distribution center with office and retail space in downtown Massillon.
      280 Federal Ave Northwest, Massillon, OH 44647
      View Details
    • Contact for pricing
      10,900 SF

      Former Drug Store Available

      10,900 SF retail space on 1.14 AC for lease.
      242 Lincoln Way W, Massillon, OH 44647
      View Details
    View Listing
    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.
    280 Federal Ave Northwest
    Massillon, OH 44647
    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

    Thank You for Inquiry
    280 Federal Ave Northwest, Massillon, OH, 44647
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!