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

    2824 Woodlawn NW Ave Canton, OH 44708-1467

    • Office Properties & Spaces
    • 55,641 SF
    • 6.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 25, 2023
    $2,400,000
    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US66-2376229
    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

    • Cost Sharing Solutions / Telecommunications Service / Tech Support Center
    • LiveActor / Film Production / Television Studio
    • VideoSpokesperson / Film Production / Television Studio

    Property Details for 2824 Woodlawn NW Ave

    Year built
    1990
    Construction
    FRAME
    Lot size
    6.20 lot acres
    Property size
    55,641 SF
    Property type
    Office Properties & Spaces
    APN
    17-02423
    APU
    1702423

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,675,000
      ML approach
      $2,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,105,000
      6.5%
      $2,865,000
      7%
      $2,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,310,000
      Market price range: $1.60M - $5.63M
      AI Estimate
      $3,560,000
      Market price range: $2.06M - $6.10M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,340,000
      Current use
      OFFICE BUILDING
      $4,515,000
      Change: +35% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,180,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4326
    Latitude
    40.8312
    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
    $51,470
    $183,890
    $656,110
    $840,000
    -
    $525,400
    $1,874,600
    $2,400,000

    Comparable in this City

    • Value Estimation by Request
      1,725 SF

      5101 Tuscarawas W St

      OFFICE (GENERAL) • 1,725 SF
      5101 Tuscarawas W St, Canton, OH 44708-5015
      View Details
    • Value Estimation by Request
      2,889 SF

      4500 Bishops Gate NW Rd

      OFFICE (GENERAL) • 2,889 SF
      4500 Bishops Gate NW Rd, Canton, OH 44708-1516
      View Details
    • Value Estimation by Request
      2,673 SF

      4217 Hls And Dales NW Rd

      OFFICE (GENERAL) • 2,673 SF
      4217 Hls And Dales NW Rd, Canton, OH 44708-1657
      View Details
    • Value Estimation by Request
      4,443 SF

      4886 Hls And Dales NW Rd

      OFFICE (GENERAL) • 4,443 SF
      4886 Hls And Dales NW Rd, Canton, OH 44708-1404
      View Details
    • Value Estimation
      $5,875,000
      122,784 SF

      2950 Whipple NW Ave

      OFFICE (GENERAL) • 122,784 SF
      2950 Whipple NW Ave, Canton, OH 44708-1534
      View Details
    • Value Estimation by Request
      11,028 SF

      2523 Tuscarawas W St

      OFFICE (GENERAL) • 11,028 SF
      2523 Tuscarawas W St, Canton, OH 44708-4701
      View Details

    Similar Nearby for Sale

    • $269,900
      0.24 Acres

      Commercial Building in Perry Township

      High-visibility commercial building with versatile space and ample parking.
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      Office building located on Hills and Dales Rd NW.
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    • $2,450,000
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      Whipple Avenue Retail and Office

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    • $485,000
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      Warehouse/Office Space For Sale

      Warehouse/Office space with renovated office and easy highway access.
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    • $169,000
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      Secluded Homesite Near Brookside Country Club

      5-acre homesite near Brookside Country Club offers privacy and convenience.
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      2.39 Acres For Sale

      2.39 acres at signalized intersection in Jackson Township.
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    Similar Nearby for Lease

    • $400 /Mo
      37,026 SF

      Furnished Office Suites For Lease

      Furnished office suites available for lease including utilities and internet.
      4501 Hills And Dales Rd NW, Canton, OH 44708
      View Details
    • $900 /Mo
      20,100 SF

      Office Suite in Plain Township

      Office suite with great visibility and convenient access and parking.
      2864-2922 Whipple Ave Northwest, Canton, OH 44708
      View Details
    • $2,450,000
      1,600 SF

      Office Space Available For Rent

      Office suite available for rent, suitable for medical or office use.
      2864-2922 Whipple Ave NW, Canton, OH 44708
      View Details
    • $1,000 /Mo
      37,026 SF

      Office Space Near Belden Village

      Office suite for lease near Belden Village in Canton, OH.
      4501 Hills And Dales Rd NW unit G Loft, Canton, OH 44708
      View Details
    • $10 SF/Yr
      1,140 SF

      Mellet Plaza Retail/Office Spaces

      Retail and office spaces for lease with easy highway access.
      3802 Tuscarawas St W, Canton, OH 44708
      View Details
    • $750 /Mo

      Furnished Office Suite For Rent

      Furnished office suite in Jackson Twp. with utilities included.
      4501 Hills And Dales Rd Nw, Canton, OH 44708
      View Details
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    2824 Woodlawn NW Ave
    Canton, OH 44708-1467
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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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